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- Where we work
- Demirbank (DB)
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.