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Azerbaijani Association chairman: List of banks offering loans for tourist expanded

Business Materials 4 September 2010 16:08 (UTC +04:00)

Azerbaijan, Baku, September 4 / A. Akhundov /

A list of banks offering consumer loans for tourist is increasing, the Azerbaijani Travel Agencies Association chairman Nahid Bagirov told Trend.

"Banks have realized that giving credit for tour packages is a favorable process. This is very relevant for today. All the banks are very interested in it. We get new proposals each day," Bagirov said.

He said that the most active loans are granted by Bank of Baku, as well as Demir Bank and BTB Bank.


"BTB Bank began to actively issue loans. One can say today that they have the most favorable conditions," Bagirov said.

The Azerbaijani Travel Agencies Association was created with the assistance of the Ministry of Tourism and Culture in January 2009. The board members include Improtex Travel, Caspian Travel, Pasha Travel, Silkway Travel, Euroturizm CEOs. Over 51 travel companies are members of the association.


The association protects the interests of travel agencies, develops bills, recommendations and regulations, assists in establishing national travel companies, and develops plans to conduct trainings and seminars for market participants, creates conditions for advertising of Azerbaijani tourism at annual international exhibitions; develops domestic tourism and presents tourism products at the world market.

The association also tries to develop and introduce congressional tourism, help train specialists in the management and services spheres etc.

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