Azerbaijan, Baku, March 10 / Trend /
Azerbaijani DemirBank signed a new agreement with European financial institutions to draw a loan worth $ 4 million, the bank said.
One of the agreements was signed between DemirBank and Belgian organization Volksvermogen to draw credit to the amount of $1.5 million with organizational mediation of the microfinance fund İncofin Investment Management.
Another contract was signed with companies Wallberq Invest Luxembourg and Liechtenstein EMF Microfinance Fund to draw $2.5 million through the Luxembourg company Symbiotics SA Information, Consulting & Services.
DemirBank on various credit programs collaborates with international organizations such as EBRD, the International Finance Corporation, Dutch Development Finance Company (FMO), Black Sea Trade and Development Bank, Germany and Azerbaijan Foundation, a German investment company DEG, an international development fund OFID, the Islamic Corporation for private sector development, trade and financial fund Rosemount Global (USA), BANIF (Portugal), an investment fund SIFEM AG (Switzerland), ING BANK (Netherlands), etc.
One of the first banks in the country DemirBank (known as Azerdemiryolbank) began its work in 1989. Among the bank's shareholders are major international financial institutions such as EBRD and FMO.