ID :
59285
Wed, 05/06/2009 - 18:37
Auther :
Shortlink :
http://m.oananews.org//node/59285
The shortlink copeid
IFC, AGBANK SIGN CREDIT AGREEMENT AND MOU
Baku, May 6 (AzerTAc). International Finance Cooperation (IFC) and “AGBank” signed here a credit agreement and Memorandum of Understanding.
In accordance with the Credit line, IFC grants to Azerbaijani bank $15 million for 8 years for the promotion on more than 70 small and medium size entrepreneurship in the country.
The sides also signed memorandum of understanding about providing advisory and risk mitigation services. According to the memorandum IFC will support Azerbaijan Bank in valuing credit projects and risks.
In accordance with the Credit line, IFC grants to Azerbaijani bank $15 million for 8 years for the promotion on more than 70 small and medium size entrepreneurship in the country.
The sides also signed memorandum of understanding about providing advisory and risk mitigation services. According to the memorandum IFC will support Azerbaijan Bank in valuing credit projects and risks.
