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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 | 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.