17:39 - 17.12.2019

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December 17, Fineko/abc.az. Muganbank has signed a contract for technical support services within the framework of cooperation with the European Bank for Reconstruction & Development (EBRD).

According to the information ABC.AZ received from the Bank, in compliance with the agreement and within the Program on the creation of potential financial mediators and technical cooperation in Azerbaijan, the Bank plans to improve the strategy, risk management, problem loans, compliance and information technology, as well as lending to micro, small and medium-sized enterprises and adaptation to international best practices.

The aim of the Program is to increase the sustainability of Muganbank as a financial partner of the EBRD and strengthen its credit potential.