The Bank Standard continues pay the credit, allocatted by the National Bank of Azerbaijan at 2% annual rate. The unpaid part of the 100bn manats credit comprises 84bn manats, Salim Kriman, the chairman of the board of the bank, told Trend.
“The work on payment is carried out under the schedule considered till 2013. We are ahead of the schedule,” he added.
The credit was granted in July 2003 at 2% annual rate for 15 years. The sides unified the new schedule envisaged quarterly payment at 2.5bn manats to cover it during 10 years.