Asian Bank Still to Specify Terms of Loaning Azerbaijani Bank amid Global Financial Crisis
Azerbaijan, Baku, 28 October / corr Trend N.Ismayilova / The Asian Development Bank (ADB) does not specify the terms of granting to Azerbaijani Bank Standard of the first installment of loan, which is assigned for financing of small and medium entrepreneurship.
"We held negotiations with the ADB on concrete terms of granting of the first installment, but the bank does not specify the terms because of the global financial crisis," Javid Guliyev, first deputy CEO of Bank Standard, said.
The ADB should grant loan in September. The bank planned to grant loan to three banks: Bank Standard, UniBank and Texnika Bank.