ECONOMY
AccessBank Azerbaijan attracts $17m funding from BSTDB
Baku, July 13, AZERTAC
The Black Sea Trade and Development Bank (BSTDB) is providing a $17 million senior loan facility to AccessBank for supporting the development of SME business in Azerbaijan.
On behalf of AccessBank, CEO Michael Hoffmann commented: “We highly value the support of the BSTDB who is a long-term partner and an important shareholder of AccessBank. In the light of the current challenging economic environment the transaction is an important signal of trust and confidence from the side of BSTDB in our Bank and reflects that AccessBank enjoys full support of its shareholders.” “The funds will be allocated to the Bank’s SME clients of which many are operating in the regions of the country so that the BSTDB financing will contribute to spur the development of regional economies,” he said.
FEEDBACK
Other news in this section
- 22.08.2023 [13:27]
Central Bank: $59.9m worth of demand fully covered at FX auction
- 21.08.2023 [13:12]
® “150 AZN per month for every 5000 AZN loan” campaign continues
- 17.08.2023 [13:57]
Central Bank: $41.3m worth of demand fully covered at FX auction
- 16.08.2023 [13:31]
PASHA Holding to welcome Apple co-founder in Baku
- 15.08.2023 [14:42]
Central Bank: $54.1m worth of demand fully covered at FX auction
- 10.08.2023 [14:13]
Central Bank: $32.5m worth of demand fully covered at FX auction
- 08.08.2023 [13:29]
Central Bank: $4m worth of demand fully covered at FX auction
- 03.08.2023 [14:37]
Central Bank: $22.9m worth of demand fully covered at FX auction
Azeri Light crude dips to $88
- [10:42]
President Ilham Aliyev embarked on working visit to Germany VIDEO
- 25.04.2024 [23:30]
China launches 3 astronauts to Tiangong space station on Shenzhou 18 mission
- 25.04.2024 [20:46]
Five short films to be shot about Wetlands on Northern Black Sea Coast
- 25.04.2024 [20:40]
Milli Majlis of Azerbaijan responds to the European Parliament’s resolution
- 25.04.2024 [20:04]
® Age of innovations kicks off with Bakcell!
- 25.04.2024 [19:20]
LG Electronics’ operating profit falls 10.8 pct in Q1
- 25.04.2024 [18:47]
Euronews TV channel airs reportage on Azerbaijan’s Port of Baku
- 25.04.2024 [18:33]
Azerbaijani taekwondo fighters to compete in Presidents Cup Europe G2
- 25.04.2024 [17:55]
155 dead, 236 injured as torrential rains hit Tanzania
- 25.04.2024 [17:41]
Azerbaijan, Kyrgyzstan sign Memorandum of Understanding
- 25.04.2024 [17:15]
Philippines grapples with measles, pertussis outbreaks: UNICEF
- 25.04.2024 [17:02]
China welcomes progress made in Azerbaijan-Armenia normalization process
- 25.04.2024 [17:01]
Presidents of Azerbaijan and Kyrgyzstan had joint dinner VIDEO
- 25.04.2024 [16:42]
Azerbaijani gymnast into final of 2024 Men’s Artistic Europeans
- 25.04.2024 [16:36]
More than 100 inmates escape after rain damages Nigerian prison
- 25.04.2024 [16:15]
Human remains found in Khojaly district VIDEO
- 25.04.2024 [16:10]
Presidents of Azerbaijan and Kyrgyzstan visited the city of Aghdam VIDEO
- 25.04.2024 [16:01]
US secretary of state lands in China on crucial visit
- 25.04.2024 [15:50]
Azerbaijan showcases its tourism potential in Jordan
- 25.04.2024 [15:47]
Tesla could start selling Optimus robots by the end of next year, Musk says
- 25.04.2024 [15:09]
Egypt welcomes agreement between Azerbaijan and Armenia
- 25.04.2024 [15:02]
Azerbaijan, Kyrgyzstan discuss digital transformation
- 25.04.2024 [14:20]
Toyota fails to meet 10.1 mil. output target in FY 2023 amid scandals
- 25.04.2024 [14:16]
Hungary eager to increase gas supply from Azerbaijan
- 25.04.2024 [14:12]
NASA's Voyager 1 returns intelligible signal for 1st time in months
- 25.04.2024 [14:10]
Azerbaijani film selected for Cannes Short Film Festival
- 25.04.2024 [14:10]
Atalanta beats 10-man Fiorentina 4-1 to reach Italian Cup final vs. Juventus
- 25.04.2024 [13:14]
Iraqi President invited to COP29
- 25.04.2024 [12:45]
Oil prices surge in global markets
- 25.04.2024 [12:11]
Azerbaijan, Algeria discuss energy cooperation
- 25.04.2024 [11:56]
Kyrgyz Cinema Days open in Baku
- 25.04.2024 [11:27]
Azerbaijani Army conducts command-staff exercises
- 25.04.2024 [10:53]
Azerbaijani oil sells for $89.49
- 25.04.2024 [10:21]
COP29 Presidency opens application process for national pavilions
- 25.04.2024 [10:14]
® Bakcell is inviting the entire country to the concert at Boulevard
- 24.04.2024 [20:28]
® Birbank Business’s special “Welcome” campaign for new customers
- 24.04.2024 [20:23]
Kyrgyz President Sadyr Zhaparov pays tribute to Azerbaijani martyrs
- 24.04.2024 [19:06]
Kyrgyz President Sadyr Zhaparov pays respect to Great Leader Heydar Aliyev
- 24.04.2024 [18:55]
US Congress members informed about Azerbaijan-Armenia peace process
- 24.04.2024 [18:31]
Azerbaijan-Hungary Energy Working Group convenes fourth meeting
- 24.04.2024 [18:11]
AZERTAC hosts meeting with Uzbek journalists VIDEO
- 24.04.2024 [17:24]
Court investigates business corruption accusation against wife of Spanish PM
- 24.04.2024 [16:57]
Hungarian foreign minister to visit Azerbaijan
- 24.04.2024 [16:42]
Türkiye rejects ‘one-sided’ statements on 1915 events
- 24.04.2024 [16:22]
Azerbaijani rowers aim for 'medal rush' in Hungarian tournaments
- 24.04.2024 [16:11]
Azerbaijani tennis player grabs bronze at WTT Youth Contender Spa 2024
- 24.04.2024 [15:47]
Azerbaijan and Kyrgyzstan signed documents VIDEO
- 24.04.2024 [15:34]
Azerbaijan’s Naval Forces and MES hold Wave-2024 joint tactical exercise
- 24.04.2024 [14:04]
President of Azerbaijan invited his Kyrgyz counterpart to COP29
- 24.04.2024 [13:55]
Over 30 international experts convene for conference in Azerbaijan’s Lachin
- 24.04.2024 [13:50]
Azerbaijani ambassador presents his credentials to President of Gambia
- 24.04.2024 [12:57]