BSTDB to provide loan to fund major project in Azerbaijan

Business Materials 23 May 2012 18:47 (UTC +04:00)

Azerbaijan, Baku, May 23 /Trend A.Hasanov/

The Black Sea Trade and Development Bank (BSTDB) will grant a loan to the AGA group company to finance the construction of Demirchi development business center, the AGA group told Trend on Wednesday. "The loan amounted to $22 million for over seven years. Azerbaijani
Pasha Bank became a guarantor," AGA said.

The signing ceremony will be held on May 29. It will be attended by the Vice-President of BSTDB Mustafa Borat, and representatives of Pasha Bank and the AGA group company.

The official exchange rate on May 23 is 0.7860 AZN/USD.