“Kazakh TuranAlem has granted $1m credit lines to Azerbaijani banks. All credit lines are granted to trade financing,” Aida Sultanova, the head of the representation of the bank, told Trend.
“It is not excluded that amount of credit lines will increase. The term of the process depends on banks and dynamics of use of the granted credit lines,” Sultanova stressed.
The sides are currently solving the issue of opening of credit line for Azerdemiryolbank in the amount from $300,000 to $500,000. Similar lined have been granted to Technikabank, UniBank, Bank Respublika.