One of the largest commercial banks of the country Bank Republic and the Netherlands Bank of Entrepreneurship Development Bank (FMO) signed a new loan agreement on which the bank will be allocated a loan in the amount of $ 10 million and provided in national currency.
Credit for a period of 3 years will allow on more favorable conditions to finance Agro, micro, small and medium enterprises, as well as the activities of young businessmen and women entrepreneurs. Thanks to the extensive branched branch network of the Bank, the funds raised will create conditions for supporting entrepreneurs working in all regions of Azerbaijan.
“Choosing our bank as a main partner in Azerbaijan on the part of the Netherlands Bank of Entrepreneurship Development Bank, we consider as a high assessment of the stability and reliability of the Bank of the Republic. Attracted funds will enhance us to strengthen the credit support for us the real sector, in particular, small and medium businesses. Thereby contribute to the development of the country’s non-oil sector, “said Tariel Ismailov, Chairman of the Board of the Republic of the Republic of Tariel Ismailov.
“thanks to a new loan agreement with our permanent partner of the Bank of the Republic, we are pleased to support small and medium-sized businesses in the agricultural sector, as well as young businessmen and women entrepreneurs in Azerbaijan. This fully corresponds to the FMO goal – ensure sustainable economic growth and help in need In support of entrepreneurs and businesses to flourish, offering them the necessary financial resources, “said Huib-Jan de Ruijter, FMO investment director.