The Azerbaijan State News Agency

ECONOMY

CREDITING OF LARGE PROJECTS TO BE EXPANDED

The commercial “UniBank” plans to expand crediting of the large projects in sum over 100 thousand dollars in the field of production and processing industry in 2004.

Last year, the bank allocated 73,8 bln manat or 32% of total volume of the credit portfolio for development of industry, 55% for development of trade sector and construction in 2003, as well as 13 % for other fields.

Apart from own funds, the UniBank possesses with the funds of the European Bank for Reconstruction and Development in sum 4 million dollars.

This financial organization is also the bank-agent of German- Azerbaijan fund and National Entrepreneurship Support Fund.

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