The Bank of the Republic, one of the leading banks of Azerbaijan, which supports the real sector in Azerbaijan and Europe, and the Foundation for Southeast Europe (EFSE) signed a loan agreement on which the bank will be allocated a loan of $ 15 million and provided in national currency .
Attracted funds will be aimed at financing micro and small businesses, in particular, to finance entrepreneurs in the regions. Thanks to the branched branch network of the Bank, the republic attracted funds will create conditions for supporting entrepreneurs working in all regions of Azerbaijan.
“We are very pleased with our partnership with the Republic of the Republic, since he has opened up new opportunities for the development of financing of agricultural enterprises in Azerbaijan. This new credit line will not only provide long-term financing for key groups of the Fund’s clients, but also that it stands out in local Currency, ensures that entrepreneurs will be protected from currency fluctuations, which is important for sustainable economic growth, “said EFSE Claus Muller Board Chairman.
“Signing this agreement is another indicator of confidence of international financial institutions in professionalism, quality of service, operational work, as well as in the long-term stability of the bank. Partnership with leading international financial organizations as EFSE will give us additional opportunities to finance the real sector, especially In the regions of the country, “said the Chairman of the Board of the Bank, the Republic of Tarely Ismailov.