Baku, Azerbaijan, July 19
By Azad Hasanli – Trend:
Anglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, reduced its credit debt by 12.4 percent ($4.1 million) to $29 million in 2Q17, says the company’s report.
Thus, the company reduced its debt to the Amsterdam Trade Bank (by $1.2 million), Gazprombank (by $1.2 million), International Bank of Azerbaijan (by $2.8 million), Atlas Copco (by 0.2 million), YapiKredi (by $0.4 million), Kapital Bank (by 0.5 million).
Meanwhile, during the period, the company attracted an additional loan from PASHA Bank OJSC in the amount of $2.3 million. Thus, the AAM’s total debt to the Azerbaijani bank reached $6.2 million.
|
Credit institution |
Amount (million dollars) |
|
Amsterdam Trade Bank |
6.2 |
|
Gazprombank |
6.2 |
|
International Bank of Azerbaijan |
4.4 |
|
Atlas Copco |
0.5 |
|
YapiKredi |
2.6 |
|
PASHA Bank |
6.2 |
|
Kapital Bank |
0.5 |
|
Reza Vaziri |
3.8 |
|
TOTAL |
30.4 |
|
Cash on hand and at bank |
-1.4 |
|
Net debt |
29 |