BANKING SECTOR OF AZERBAIJAN SUCCESSFULLY DEVELOPS

Banking sector of Azerbaijan successfully develops, positively influencing on the capital investment flow in numerous fields of economy, ambassador of Germany to Azerbaijan Clause Grevlich told the news conference on 17 July.

If the banks of Azerbaijan a year ago hardly could allot credits to the organizations and entrepreneurs, today it is not difficult to receive a credit of 10-15 thousand Euros and this is the best indication for the foreign investors, including Germany, he stressed.

Mr. Caluse Grevlich also pointed at the high rate of creditability of Azerbaijan, underlining that the European Bank for Reconstruction and Development continues granting credits at amount 50-200 thousand Euros for realization of numerous projects in the Republic.