TODAY.AZ / Business

$50 million loan agreement signed between IBAR and BNP Paribas Bank

07 June 2006 [11:29] - TODAY.AZ
International Bank of Azerbaijan (IBA) and the French bank BNP Paribas signed a $50 million loan agreement.

The loan will be financed for IBAR to import goods and products from Economic Cooperation Organization (ECO) member countries. Export Credit Agency will provide insurance for import transactions. IBAR Head Office has told APA about.

In its turn, IBAR will finance projects for 3-10 years. Interest rate will be determined individually.

URL: http://www.today.az/news/business/27004.html

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