Societe Generale Portfolio in Azerbaijan to Increase on 30-40 per cent in First Quarter
Till the end of the first six months the portfolio of France`s corporative and investment bank will increases on about 30-40 per cent, the bank regional representative Teyba Guliyeva told Trend.
A lot of projects are under consideration both in the private and state sector, but a concrete work now is being carried out over two of them.
The work over the projects is under way, experts working on different
directions come. We are happy how the general situation is carrying out, the activity in the market is also very high. This year began not so bad for us, and I hope that we will make several deals till the end of the year. There are good prerequisites for it, told Ms. T. Guliyeva.
The bank`s total investments to projects in Azerbaijan makes up about $300 m., less completed projects with expired acquittance. According to the representative of Societe Generale, the bank cooperates with large private and state banks within the Program on Trade and Export Financing, and now finances some energy projects (Combined-cycle plant in Sumgayit, BTC Project, etc.)
The most large-scale investment of Societe Generale is still BTC Project. Our participation in the credit for State Oil Company of Azerbaijan Republic, where the French bank plays the role of one of the major organizators made up $65 m. with the total volume of the credit of $750 m., told Ms. T. Guliyeva.