ATABANK CONDUCTS FIRST CREDITS FAIR

18.05.2004 [17:39]
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In consideration of the presidential decree on measures to accelerate the socio-economic development in Azerbaijan Republic, “ATABank” affiliated with “ATA Holding” has conducted a fair of credits in Khachmaz. The first bank was also opened in Khachmaz to operate in the northeastern zone of Azerbaijan.

It is also scheduled to conduct fairs in Ganja, Shamkir, Gedabey. Initially, the bank will offer lax credits of the National Fund to Support Entrepreneurship, however, in the future it is planned to allot Bank’s own credits.

The fair involved 50 entrepreneurs working in the northwestern zone of Azerbaijan. $1-1,5-thousand credits require no business-plan while over $5 thousand credits do ones.

The fair offered credits at 7 percent interest rate for 5-year term including the 3-year incentive period. Atabank allotted 450 million manats in the province. The Bank plans to increase the total amount to $500 thousand.

ATABANK CONDUCTS FIRST CREDITS FAIR

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