AG Bank expects extension of Azerbaijani Central Bank’s loan
Baku, Azerbaijan, June 19
By Azad Hasanli – Trend:
The AG Bank management expects extension of the Azerbaijani Central Bank’s loan until 2018, says the bank’s financial report.
The CBA allocated a loan of 24 million manats to AG Bank in May 2016.
According to the report, the opinion of the bank management is based on the fact that earlier the CBA extended the loans worth 6 and 10 million manats, allocated to the bank, until late 2018.
As of late 2016, the total debt of AG Bank to the CBA reached 45.13 million manats, which makes 33.86 percent of its borrowings.
AG Bank has been operating in Azerbaijan since 1992.