TuranAlem bank to open credit line to 5-th Azerbaijan bank
The Kazakhstan bank TuranAlem considers the opportunity to open the credit line for trade financing of one more Azerbaijan bank, the Bank of Baku, the head of the banks Baku office Aida Sultanova told Trend. The Bank of Baku is currently preparing relevant documents. The volume of the credit line will depend on the financial state of the Azerbaijan bank, Sultanova noted.
The В"Рўuranalem bank opened so far the credit lines to Azerdemiryolbank, Respublika bank, UniBank, Technikabank. The total credit portfolio of the Kazakhstan bank on funding trade operations exceeds $1,5 million.