Unibank Receives Additional Tranche of GAF SME On-lending facility

Business Materials 31 October 2006 12:14 (UTC +04:00)

UniBank has received an additional tranche of the German-Azeri Fund's SME on-lending facility. The tranche totals EUR 250,000 and transpired as a result of the GAF credit line increment to UniBank of EUR 2,250, Trend reports

UniBank has financed 229 projects worth EUR1.9 mln in the aggregate with the afore-mentioned credit line. The projects underway are related to production, trade, provision of services and other fields of activity.

UniBank was amongst the first private Azeri bank to become a GAF SME on-lending agent in 2001.