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Dutch Development Bank invests $100M to Azerbaijan

Business Materials 27 November 2014 10:47 (UTC +04:00)

Baku, Azerbaijan, Nov. 27

By Maksim Tsurkov - Trend:

The Dutch Development Bank (FMO) has invested $ 100 million in Azerbaijan, the company manager for Europe and Central Asia Henk Nijland said.

"Azerbaijan is a very important country for us," he said. "Every year we conclude 1-2 transactions. We also have plans for next year."

He said that the company delivers the loans only to the private sector.

"Our customers are Accessbank, Demirbank, Bank Respublika, Finca Azerbaijan," he said.

The official exchange rate is 0.7844 AZN/USD Nov. 27.

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