NBCI to issue bonds

14:00 - 25.12.2019


December 25, Fineko/abc.az. One more non-bank credit institution in Azerbaijan, Viza Kredit, is likely to issue bonds.

According to information ABC.AZ was reported from Viza Kredit, the main purpose of the bond issue is to raise new finances and strengthen NBCI’s activity.

One of the Viza Kredit’s main goals for 2020 is to introduce new credit products and increase the loan portfolio. Active negotiations are underway to raise money for lending. As a result of the restructuring of loans and compensations, the NBCI formed certain free finances. The NBCI is going to give a loan due to these finances received from the Central Bank. In addition, the NBCI may also raise funds from banks for credit purposes.

 

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