Azerbaijan, Baku / Trend , corr I. Khalilova / Bank Respublika and International Finance Corporation (IFC) that is a member of the World Bank group have struck a credit deal.
According to the agreement, the IFC is to open a $5mln long-term credit line for small-scale and middle-scale businesses.
Bank Respublica co-operates with the European Bank for Reconstruction and Development, Asian Development Bank, Dutch Finance Development Company, German Investment Company DEG, Black Sea Commerce and Development Bank, Germany-Azerbaijan Fund, Raiffeisen Bank, Commerzbank and other international financial organizations.
The total value of the various financial institutions opened for Bank Respublica exceeds $75mln that enables the Bank to allot long-term credits and provide commercial services on more favorable terms.