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IFC to issue Azerbaijan $1mln for leasing operations.

Business Materials 13 May 2006 15:49 (UTC +04:00)

During 2 or 2Q2006, two more Azeri banks may be credited for performing leasing operations under IFCs leasing program for Azerbaijan and Central Asia, reportedly said Aliya Azimova, IFC representative to Azerbaijan.

IFC established a special $30mln fund to finance leasing services of small and middle-size enterprises through banks or leasing companies in Azerbaijan and Central Asia.

In Azerbaijan, first IFCs $5mln credit received UniBank. Azimova said Azerigazbank will receive $1mln for same purposes.

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