The Azerbaijan State News Agency

ECONOMY

Amrahbank signed agreement with ICD of Private Sector

Baku, April 14 (AZERTAC). Amrahbank signed a Line of Financing agreement with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB) for a total of USD 2 million financing facility.

The financing facility will be extended to the SMEs sector to projects in communication, technology, health, manufacturing, service, retail trade, industrial, agricultural and other sectors.

The Agreement was signed by ICD’s CEO and General Manager Mr. Khaled Al Aboodi and Chairman of the Management Board of Amrahbank Mr. Emil Mammadov.

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