Azerbaijan, Baku / corr Trend U.Ismayilova / Bank Respublika of Azerbaijan signed a new $16mln deal with the Dutch Finance Company for Development (FMO) and the Black Sea Bank for Trade and Development, the bank announced.
In accordance with the agreement the FMO allocated a $5mln subordinated loan to Bank Respublika over a term of ten years, as well as an $8mln loan for small and medium-sized businesses.
According to the terms of another deal, the Black Sea Bank for Trade and Development allocated a $3mln loan to Bank Respublika to finance export and import operations of small and medium-sized businesses.
Bank Respublica cooperates 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.
Cooperation with international financial organizations expanded Bank Respublika's opportunities in presenting long-term business loans and financing commerce services at more profitable terms.