Azerbaijan

Azerbaijani commercial banks, which sharply reduced volumes of guarantees granted and factoring transactions in H1 2008, has taken a further step by suspending guarantees and factoring transcations...

IFC reports that on August 1 its Board of Directors will consider a subordinated loan of up to $15.0 million to Azerigazbank Open Joint-Stock Company (AGB or the Bank).

Baku, Fineko/abc.az. Parex Leasing Factoring LLC has obtained next progress in leasing transactions that has led to its portfolio growth.

Stepping up its support for microfinance in Azerbaijan the EBRD is providing finance to some of the country's leading institutions in the sector.

NIKOIL Leasing LLC is starting real estate leasing practice in Azerbaijan.

Parex Leasing Factoring LLC has concluded the largest contract to finance a leasing object in its history.

Nikoil Bank has launched a new Development and Growth program for SMEs.

 

Asian Development Bank is providing SMEs access to affordable credit to help the nation develop industries beyond the oil sector.

MSEs in Azerbaijan will benefit from a US$3m loan to Bank of Baku for on-lending to local businesses, assisted by funds from the EBRD and the International Cooperation and Development Fund Taipei China.

The European Bank for Reconstruction and Development (EBRD) is supporting the expansion and diversification of Azerbaijan