AIB and BNP Paribas signed credit agreement in amount of $50m

Today an agreement was made between the Azerbaijan International Bank (AIB) and BNP Paribas of France on opening of a credit line in amount of $50m (or its EURO equivalent), Asker Mammadov, the deputy chief of the department of AIB, informed Trend . At the expense of this credit, there will be financed contracts with the participation of export agencies on insurance of export contracts (Export Credit Agency) from OECD countries.

BNP Paribas is our old partner and we have been cooperating with this bank since 2001. we have a line to the finance market and now the bank decided to open a credit line for the long-term finance with the participation of the export agencies on insurance of export contracts, said Mammadov.

At the expense of the credit line of BNP Paribas, the projects will financed depending on the implementation period of the project. Today AIB has limits from all export-credit agencies of the country, said Mammadov.

Due to signing of the agreement the limit for AIB in Finanace market will change. BNP Paribas started with $6m. Today the BNP Paribas open $12m credit line to AIB for documentary operations.

Rates of dollarization on loans and deposits up in Georgia
Rates of dollarization on loans and deposits up in Georgia
Loans and deposits, expressed as percentage of GDP, increase in Georgia
Loans and deposits, expressed as percentage of GDP, increase in Georgia
Georgian hazelnuts exports up
Georgian hazelnuts exports up
Loading Bars
Latest
Rates of dollarization on loans and deposits up in Georgia
Volume of deposits in Azerbaijan grows
Russia increases exports of frozen vegetables to Turkmenistan
Bakcell talks about network congestion and secure internet
Azerbaijani banks increase lending to clients
Iranian government is modernizing agriculture in Tehran Province
Italy lowers import of Turkish cars
Loans and deposits, expressed as percentage of GDP, increase in Georgia
Netherlands increase export volume to Kazakhstan year-on-year
Georgian hazelnuts exports up
Azerbaijan's Anglo Asian Mining reveals 1H2020 income
Several industrial projects to be implemented in Kazakhstan's Almaty
Azerbaijan's Azexport portal to place insurance services
MFA: Sooner Armenia withdraws its armed forces from occupied territories of Azerbaijan, sooner conflict will be resolved (PHOTO)
Moscow reports 1,560 new coronavirus cases, highest since June 12
Azerbaijani schoolchildren perform successfully at 32nd International Olympiad in Informatics (PHOTO)
Azerbaijan confirms 137 more COVID-19 recoveries
ADB: Developed capital markets enhance financial stability in Azerbaijan
Covid-19 daily infections swell 12% to new record
Energy efficiency to be increased at Uzbek manufacturing enterprises
Shell books tanker to load crude at Libya's Zueitina oil port
Turkmenistan’s Oil Refineries extends tender for gasoline purchase
Kazakhstan's QazTech Ventures to fund Uzbek startups
Gas exports from Azerbaijan to Turkey significantly up
VTB Bank, Entrepreneurship Development Fund of Azerbaijan issuing loans to businesses
Azerbaijani FM receives ambassador of Greece
Vietnam interested in import of Azerbaijani products
EU working with Georgian partners to strengthen cybersecurity in country
Azerbaijani ministry talks introduction of contactless payment in public transport in districts
Central Bank of Azerbaijan to hold deposit auction
Azerbaijan discloses data on tobacco exports for 2019
BP: Oil demand to remain central part of energy system for next 10–15 years
Azerbaijani MP: Armenia resettling terrorists to Nagorno-Karabakh region, facts prove ASALA's presence
Apple says has always abided by Irish law as EU appeals court ruling
Precious metal prices in Azerbaijan up again after decline
Iran assigns housing units to low income
Money supply increased in Uzbekistan
Uzbekistan to export fuel diesel to Pakistan
Georgia reveals volume of premiums attracted by insurance companies
UN highlights Azerbaijani president’s speech at 75th session of UN General Assembly
Kazakhstan's largest oil pipeline company to buy power stations via tender
LNG demand to double over next 20 years
Volume of gas production by Turkmenistan’s Lebapgazchykarysh revealed
Expert talks putting Azerbaijan's domestic tourism back on its feet
Deputy FM: Rejecting proposals to resolve conflict, Armenian leadership makes negotiations meaningless
Road in border village of Azerbaijan’s Gazakh district being overhauled (PHOTO)
Israeli politician: We find Azerbaijan a good friend of Israel
Around 6,000 people internationally wanted by Russia
Buffett-following investment trust to list in London
EU Special Representative: EU has strong interest in peace, stability in South Caucasus
Georgia reports 265 new cases of coronavirus
Instagram fixes breach found by Check Point
US’ share in Azerbaijan's total imports grows
FAO provides strategic support for Uzbek Agriculture Ministry
Conference of the People’s Council of Turkmenistan was held at the high organizational level
Italian geopolitical analyst: Mechanism needed for implementation of UNSC resolutions on Nagorno-Karabakh conflict
Turkmenistan to expand areas for growing crops
Azerbaijani oil prices down
Georgia, Azerbaijan united by energy and transport projects of international importance
President Ilham Aliyev receives EU Special Representative (PHOTO)
Chairman Israel Empowerment Lobby: Azerbaijan tolerates all religions
Electronic Water Portal launched in Azerbaijan (PHOTO)
Agro Service: Azerbaijan has no shortage in fertilizers
Сoordinated fake news attacks on Azerbaijan debunked (PHOTO)
Georgia takes part in high-level Open Government Summit together with world leaders
Belarus raises goods export to Azerbaijan
Georgia hosts Cyber ​​Security Forum
Demand for Turkish clothing in Georgian market declines
Turkmenistan working to improve transport macrostructure
Azerbaijani Ambassador presents his credentials to President of Mexico
Georgia to start producing anti-hail nets for orchards
German export expectations hit highest level since October 2018
President Ilham Aliyev: Non-fulfillment of Security Council resolutions undermines prestige of UN
Irish foreign minster says EU-UK trade deal breakthrough possible
Overhaul of Azerbaijani 'President Heydar Aliyev' tanker completed
Azerbaijani president: Aim pursued by Armenia to maintain current status-quo of occupation, to annex occupied territories
Azerbaijani president: We have credible information about presence of Armenian ASALA terror organization on occupied territories
President Ilham Aliyev: Illegal presence of Armenian armed forces in occupied lands of Azerbaijan remains major threat to regional peace, security
Import of Turkish-made chemicals by Turkmenistan declines
Vaccine against COVID-19 could give boost to oil prices
Turkmenistan to provide additional benefits to healthcare workers
Moscow authorities recommend people over 65 stay home due to increased COVID-19 incidence
UAE, Israeli cyber chiefs discuss joining forces to combat common threats
Singapore August manufacturing surges 13.7% year-on-year, beats forecasts
Armenia violates ceasefire with Azerbaijan 61 times
Azerbaijani currency rates for Sept. 25
Pakistani expert: Armenia - country where Islamophobia perceived as state policy
Turkmenistan to increase volume of credit funds for dev’t of industrial sectors
IAI buys 50% of tactical drone co BlueBird
Uzbekistan reveals its COVID-19 data for September 25
Ankara-Baku-Ankara flights to be resumed soon
Kazakhstan's electric power distributing company to buy welding equipment via tender
Oil gains but heading for weekly fall over coronavirus demand concerns
Iran's drug distribution companies stored flu vaccine
Azerbaijani president: We present to the world the example of tolerance and coexistence
Georgian PM addresses participants of high-level Open Government Summit together with world leaders
Zarif urges multilateralism in fight against COVID-19
Turkmenistan, Uzbekistan plan to implement new projects in transport sector
Virus cases falling in Australia's hotspot state, restrictions may ease further
Chinese mainland reports 8 new imported COVID-19 cases
All news