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- Where we work
- Azerigazbank
Azerigazbank
Azerbaijan
| Borrower | Azerigazbank |
| Financing Type | Private Sector & Trade Finance |
| Instrument | Private Sector Debt |
| Focus Area | Financial |
| Approved | 08.10.2008 |
| Signed | 01.04.2009 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| OPEC Fund Contribution (US$m) | 5.00 |
The purpose of the line of credit to Azerigazbank is
to assist the bank in the development of its term
lending program to small and medium-sized businesses.
Financing for small businesses is in relatively
scarce supply and the credit line will enable the bank
to meet its clients’ longer-term financing needs.
Azerigazbank is seeking to expand, offer new products
and make a larger contribution to the development
of Azerbaijan.