Azerbaijan, Baku, 27 June / Trend, E. Aliyev /
Azerbaijani Unibank plans to attract three large loans by the end of 2013, the bank's chairman Faiq Huseynov said on Thursday.
"Recently, we and the Black Sea Trade and Development Bank have signed an agreement for a loan of $5 million. We plan to sign two agreements with the development banks to the sum of $8 million and $13 million, respectively, as well as another third agreement worth $20-25 million with commercial banks by the end of the year. I do not want to reveal details at this stage, but participation in these agreements is important for us not only in terms of confirming the bank's liquidity, but for presenting Unibank as a reliable partner in the world, primarily on the European markets," Huseynov said.
According to him, today, the bank is not interested in short-term co-operation.
"We are focused on medium- and long-term borrowings. The volume of total external debt worth $30-50 million for 2013 is fixed in the bank's budget. However, one of the bank's priorities is attraction of funds within the country," the Chairman of the Board of Unibank said.
Unibank was established on 15 October 2002 through the merger of two private commercial banks - Mbank and Promteсhbank. Unibank is a universal financial and credit institution offering retail and corporate services. The bank's shareholders are financial institutions such as the European Bank for Reconstruction and Development (15.1515 percent) and the German Investment Corporation DEG (8.3333 percent). The remaining equity participation is distributed among resident shareholders as follows: Eldar Garibov owns 50.8083 percent, Igor Yakovenko - 17.5301 percent, Zemfira Jafarova - 5.5 percent, minority shareholders - 2.6767 percent