Baku, Azerbaijan, Jan. 16
By Azad Hasanli – Trend:
Anglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, reduced its credit debt by almost 30 percent to $18.3 million in 4Q17, says the company’s report.
Thus, the company reduced its debt to the Kapital Bank, International Bank of Azerbaijan, PASHA Bank OJSC, YapiKredi, Amsterdam Trade Bank and Gazprombank, Atlas Copco.
The AAM’s debt to AAM CEO Reza Vaziri remained unchanged, but the term of its payment was extended, and from Jan. 9, 2018, the interest rate was reduced from 10 to 7 percent.
|
Credit institution |
Debt volume (million USD dollars) |
|
Kapital Bank |
1 |
|
Amsterdam Trade Bank and Gazprombank |
7.4 |
|
International Bank of Azerbaijan |
2.1 |
|
Atlas Copco |
0.3 |
|
YapiKredi |
2.2 |
|
PASHA Bank |
3.7 |
|
Reza Vaziri |
3.9 |
|
Net debt |
18.3 |