Sumitomo Mutsui Banking Corporation Europe Limited (SMBC) has awarded Azerdemiryolbank of Azerbaijan a $3 mln credit line for opening accredits, as well as payment of international trade operations, Trend reports.
In accordance with the terms of the agreement, the period and geography of the use of the loan is not limited.
The total amount of credit lines allocated to Azerbaijan by different financial institutions has reached $20 mln.
In the beginning of November 2006, the European Bank for Reconstruction and Development doubled the limit of credit line ($6mln) for Azerdemiryolbank within the framework of the program on trade financing.