ECONOMY


BANK “RESPUBLIKA” PRESENTS NEW PROGRAM

Joint-stock bank “Respublika” has presented a new Credit Program for Small and Medium Entrepreneurship /SME/. The Bank said the program stipulates the crediting SME projects by German-Azerbaijani Fund /GAF/. Each SME representative, according the Program, has an opportunity to get a credit. The Bank, however, has held a purposeful presentation of the new program, thus, stressing its interest in and readiness to credit subcontractors of the Baku-Tbilisi-Ceyhan project and other oil sector’s projects as well as local forwarding companies. It intends as well to give credits from the GAF’s funds at lower interests than those from its own funds. The guarantor of the client’s creditworthiness is a subcontractor’s participation in the project.

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