Azerbaijani bank attracts first loan from ICD

Azerbaijan, Baku, July 13 / Trend, A.Akhundov / Azerbaijani JSC AGBank signed a loan agreement with the Islamic Corporation for the Development of the Private Sector, (ICD is included in the Islamic Development Bank) worth $5 million, the bank told Trend on Friday. "The purpose of the loan is to finance projects that can lead to the significant development of small and medium-sized businesses in Azerbaijan," the bank said. The agreement was signed yesterday by general and executive director of ICD Khaled Al-Aboodi and AGBank Board Chairman Azer Movsumov. "This is the first loan the bank attracted from ICD. The loan has been granted for four years," the bank said. Do you have any feedback? Contact our journalist at agency@trend.az