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The OPEC Fund
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  2. Demirbank (DB)

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Demirbank (DB)

Azerbaijan

Borrower Demirbank
Financing Type Private Sector & Trade Finance
Instrument Private Sector Debt
Focus Area Financial
Approved 04.12.2007
Signed 21.04.2008
Status Completed
Loan Administrator OPEC Fund
OPEC Fund Contribution (US$m) 5.00

Established in 1989 by the Azerbaijani

State Railway Company, Azerdemiryolbank

addresses the demand for short and

medium- to long-term financing in all

sectors of the Azeri economy. While the

bank focuses on lending to SME and

retail segments of the market, this project

involves support to its SME activities.

The line of credit will assist in employment

generation as well as general economic

growth. It will also contribute to

the strengthening of the financial and

banking sector.

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