Texnikabank raises a $ 5 million loan from FMBE Bank
Baku, Fineko/abc.az. One of the leading private credit institutions of Azerbaijan, Texnikabank, has raised a loan of $5 million from FMBE Bank.
According to the Azerbaijani bank, the finances were provided for the period of 1 year.
Texnikabank reminds of its cooperation with such international financial institutions as Black Sea Trade & Development Bank and Islamic Development Bank. In 2008, Bank’s bonds were placed on the London Stock Exchange. Texnikabank has a B3 rating from Moodys and B- from Fitch.
The Bank was founded in 1993. Today, it is numbering 35 branches and 17 sub-branches, a representative office in Turkey. The Bank’s system employs 770 people.
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