TODAY.AZ / Business

UniBank receives additional tranche of GAF SME on-lending facility

01 November 2006 [10:19] - TODAY.AZ
UniBank has received an additional tranche of the German-Azeri Fund's SME on-lending facility.

The tranche makes 250 000 Euros and comes as a result of the increment of the GAF credit line to UniBank to 2 250 000 Euros, UniBank head office told APA.

At present, UniBank has financed 229 projects worth 1.9 m Euros in the aggregate through the aforementioned credit line. The projects under way are concerned with production, trade, provision of services and other fields of activity.

The Bank was among the first privately-owned Azeri banks to become a GAF SME on-lending agent bank in 2001.

URL: http://www.today.az/news/business/32054.html

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