FMO discusses financing with several Azerbaijani banks
Azerbaijan, Baku, July 9 / Trend N. Ismayilova /
Netherlands Finance Development Company discusses financing of three Azerbaijani banks, FMO director on financial institutes Ruurd Brouwer said being on visit in Baku.
"We discuss investment with 3 Azerbaijani banks. But we do not have fixed sum of loan support. All is at stage of discussion," Brouwer said.
The company will continue investing to Azerbaijani economy in 2010, he said.
"Presently, we work with 5 Azerbaijani banks. We discuss continuation of investment with these banks. Our major task is to support existing plan in terms of world financial crisis. Afterwards, we will seek for new business," he said.
According to him, FMO also considers real sector. But is focuses special attention to projects on small and medium entrepreneurship and financed projects.
"I think that Azerbaijani is one of most effectively operating economies in the region, partially due to oil and gas industry, as well as role of the Azerbaijani Central Bank. They are well organized and give profit," Brouwer said.
FMO is the international development bank of Netherlands. FMO invests risk capital and financial institutions in developing countries. FMO investment portfolio hits €3.4 billion. So, it is one of the biggest bilateral development banks in the world. FMO major mission is to create flourishing enterprises that can serve as engines of viable growth in their countries.
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