INTERNATIONAL BANK OF AZERBAIJAN SIGNS € 10 MLN LOAN AGREEMENT
International Bank of Azerbaijan (IBA) signed € 10 mln loan agreement with Nordic Investment Bank, IBA press service said.
Agreement will let increase funding for the long-term projects of the bank’s corporate clients, who establish business relations with Scandinavian and Baltic countries.
Nordic Investment Bank (NIB) is one of the leading international financial structures founded in 1975. NIB was originally formed by Denmark, Finland, Iceland, Norway and Sweden. In the beginning of 2005 NIB acquired three new members Estonia, Latvia and Lithuania. Bank offers its clients long-term loans and guarantees on competitive market terms. NIB’s assets is about € 18 bln.
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