Islam Corporation of Development Increases Credit Line for Rabitabank
Azerbaijan, Baku /corr. Trend / The Islamic Corporation of Development (ICD) has increased the credit line for Rabitabank by $2.1mln.
The new credit line has been envisaged for six years. The credits will be directed to financing small- and medium-sized entrepreneurship in the country.
ICD cooperates with a range of reliable and powerful banks in the country, including Rabitabank, since 2004.
Rabitabank has been cooperating with international financial institutions since 1998 and presently with ICD, as well as holds work with the International Financial Corporation (IFC) and the European Bank of Reconstruction and Development (EBRD). The sum of credits allocated by international financial institutions now comprises $9.3mln.