21:59 - 16.05.2019

---

May 16, Fineko/abc.az. AFB Bank offers new unsecured financing to its corporate clients. The statement was made by Bank’s chairman of board Aydin Huseynov.

"If an invoice is presented to one client, rendering service to another client, through a new product of invoice financing, and if the amount of the invoice is 30,000-40,000 manats, then with the help of the product created by us the client can get his money earlier without spending time on waiting. Invoice financing is a new, very effective product. This is one of the types of financing products that do not require collateral and real estate. Our second product is contract financing. At the same time, if the client has a contract with another client, and if he provides any kind of service, and he needs finances for raw materials, we provide financing on the basis of this contract. These are innovative movable property and financial products. Our Bank is one of the three banks in Azerbaijan, offering such a financing product," Huseynov said.