 |
Baku, Fineko/abc.az. International Islamic Trade Finance Corporation (ITFC, Islamic Development Bank Group) a credit line for Azerbaijan’s TuranBank for support of trading operations in non-oil sector, including the private sector, which serves as the development of small and medium businesses.
The Bank reports that due to the ITFC credit line of $1.3 million they plan to provide funding for potential projects for trading operations. The credit line is given by the Corporation for one year. The size of the loan to one borrower under the line can range up to $200,000.
Co-operation with international Islamic finance institutions enables the Bank to introduce sustainable products for "Islamic Banking".
TuranBank’s credit line discussions with the Corporation were held in early July of 2010.
04.11.2010 14:55
- TuranBank signed contract with Societe Generale
- Islamic Bank opens a loan for Egypt for import of oil, petroleum products, wheat and food
- Islamic Development Bank holds a business forum with Nigeria
- Islamic Bank Group’s portfolio on Azerbaijan reaches $1.2 bn
- TuranBank is Azerbaijan’s first bank applying Islamic leasing
- TuranBank got $7 million from IFC for micro, small and medium-size enterprises
- TuranBank raised $4 million for trade financing from Black Sea Trade and Development Bank
- Amrahbank signs next agreement with Islamic Trade Finance Corporation
- Azerbaijan Customs Committee to take part in creation of single WCO trade improvement strategy
- Azerbaijani leasing company raised $3.5 million from ITFC
Link for FINEKO Analytic & Informational Agency and ABC.AZ is obliged using the websites material.
| Baku | |||
|
|
||
| Gandja | |||
|
|
||
| Sumgayit | |||
|
|
||
| Guba | |||
|
|
||
| Lenkoran | |||
|
|
||
| Nakhichivan | |||
 |
|
||