Asian Development Bank Signed Credit Agreement with Bank Respublika
Azerbaijan, Baku / Trend , corr I. Khalilova / An agreement on a $4 mln credit line was signed between Bank Respublika and Asian Development Bank (ADB). The meeting was held in headquarter of the Bank Respublika on 9 March.
The ADB opens the second credit line for Bank Respublika in accordance with the small and medium business crediting programme.
The total amount of the two lines comprises of $ 8mln.
The Bank Respublika co-operates with the European Bank for Reconstruction and Development, Dutch Finance Development Company, DEG Investment Company, Black Sea Commerce and Development Bank, German-Azerbaijani Fund, Bankgesellschaft Berlin, Raiffeisen, Commerzbank and other international financial organizations.
The gross amount of all the financial lines opened for Bank Respublika exceeds $70 mln.The credit lines enable the Bank to allocate long-term business credits and provide financial services on more available terms.