The Azerbaijan State News Agency

ECONOMY

IFC ALDP SIGNS MEMO OF UNDERSTANDING WITH TURAN BANK

IFC through its Azerbaijan Leasing Development Project sealed a memorandum of understanding with Turan Bank. According to the memorandum, ALDP agreed to provide technical assistance that will include an assistance in preparing a business plan, establishing an effective organization structure, preparation of a financial plan, hiring and training of staff, setting up credit and operational policies and procedures, reviewing software needs and reviewing the marketing strategy and other related issues.

It is the 13th deal ALDP closed with Azerbaijani lending agency.

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