The State-run KapitalBank has completed the spending of the credit line granted by BSBTD (Black Sea Bank for Trade and Development), Yashar Mammadov, Vice-President of KapitalBank told Trend today. The contract between the KapitalBank and BSBTD was signed in Baku on June 12, 2006 within the visit of BSBTD Bank to Azerbaijan.
According to Y. Mammadov, almost all the second part of the credit was sent to financing of 6-8 projects of the legal persons, and the other means were spent on issuing of consumer credits to the private physical persons. The credit of BSBTD was grantd within th program on project financing. The credit line is considered for a year, with the interest of libor+3 percent.
Up to now, the BSBTD`s credit lines has been opened only to the International Bank of Azerbaijan (IBA). Notably, BSBTD granted the largest credit at the volume of $6.5 m. just to IBA. BSBTD has also supported such Azerbaijani banks like AMF, UNIbank, TekhnikaBank, AzerDemirYolBank, Bank Respublika.