UniBank has received the second tranche of the credit line of the German Investments Corporation DEG in the amount of $1.55 mn, the bank told Trend.
Six projects that run on that money are in various economic sectors, such as timber import, medication import, furniture trade, infant food sales, construction and production of construction materials, and construction material sales.
Having spent up the second DEG tranche, UniBank completed the assimilation of the credit line from DEG in the total amount of $3 mn.
The credit line agreement was signed at the German-Azeri Business Conference in Berlin on 31 May last year. The credit line has been used to finance the small and medium business projects.
The German Investments Corporation DEG has been an 8.33% shareholder of UniBank since 2005.