EBRD lends $2mln to Arkobank

The European Bank for Reconstruction and Development (EBRD) extended Friday a $2 million loan to Arkobank, one of Azerbaijan’s leading commercial banks. The loan, provided under the EBRD’s Multi-Bank Framework Financing Facility for Azerbaijan, will be used to promote the growth of small and medium-sized businesses.
Arkobank will also benefit from $500,000 under the EBRD’s Trade Facilitation Program, which aims to facilitate international trade in the Bank’s countries of operations.
The EBRD loan will be distributed to Arkobank over a five-year term and is to be provided in two equal tranches.*

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Issue: March, 17, 2001


POLITICS

Garabagh: US take over initiative


ECONOMICS

Siemens wins Baku Electricity Network concession tender

EBRD lends $2mln to Arkobank

British company fined


ECOLOGY

Canada to help reduce green-house gas release


MISCELLANEOUS

Book about young Azeri hero

Free Consumers to file appeal

Archive

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