TODAY.AZ / Business

Co-financing loan agreement between Bank Respublika and EBRD to be signed

03 June 2006 [09:13] - TODAY.AZ
A loan agreement in the framework of co-financing program between Joint-Stock Bank (JSB) Bank Respublika, Azerbaijan, and The European Bank for Reconstruction and Development (EBRD) may be signed in the next month.

Total capacity of the co-financing program is USD6 million, $3 million of which will be granted from the Azerbaijani bank. Another half of the amount will be provided by EBRD.

The date of signing this long-term agreement will be known after it is proved in EBRD Directorate. The project money will be financed for business structures projects in the country, APA reports.


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