International Bank of Azerbaijan concluded unique $145 million deal
Baku, Fineko/abc.az. The second half of 2012 has been marked for International Bank of Azerbaijan by successful signing of $145 million bilateral loan for 5 years. The loan was realized together with one of the world’s leading financial institution – Credit Suisse International (“CS”), acting as a lender.
Being the largest and systemic bank in the host country, IBA accomplished a literally unique deal, as none of financial institutions in the banking system in Azerbaijan attracted a bilateral loan for such a long period so far.
It should be noted that the cooperation with CS have been successfully continuing over the last several years. For instance, above-mentioned bank in 2010 did organized for IBA two syndicated loans that in total accounted for the amount of $211 million.
As a result, IBA keeps on following the strategy aimed to expand its activity on world’s financial markets.
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