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- Operations
- Demirbank (DB)
Demirbank (DB)
Azerbaijan
Borrower | Demirbank |
Financing Type | Private Sector & Trade Finance |
Instrument | Private Sector Debt |
Focus Area | Financial |
Approved | 21.12.2011 |
Signed | 27.03.2012 |
Status | Completed |
Loan Administrator | OPEC Fund |
OPEC Fund Contribution (US$m) | 5.00 |
OFID's funding will be used by DemirBank to on-lend to
small- and medium-sized enterprises (SMEs), which play a vital role in the economic development of Azerbaijan as they account for the bulk
of employment generation in the formal sector and produce inputs for larger enterprises.