EBRD Increased Credit Link of Trade Operations by $2mln

Business Materials 1 September 2006 12:57 (UTC +04:00)

On 29 August the European Bank for Reconstruction & Development decided to increase the credit link for the funding of trade operations for its customers by $2mln, thus bringing the total amount to $4mln, Trend reports with reference to a Bank Release.

Bank of Baku has co-operated with EBRD since February 2004. EBRD has already issued the bank funds in the amount of $10.5mln, including the said $4mln to finance trade operations of its customers, $4.5mln for SMB funding and $2mln for the issue of small credits.