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    Reference: 20140553
    Release date: 25 November 2014

    Promoter – Financial Intermediary

    THE INTERNATIONAL BANK OF AZERBAIJAN OJSC

    Location

    Description

    A dedicated EIB loan to finance projects promoted mainly by small and medium-sized enterprises (SMEs) and Mid-Cap corporates in the Republic of Azerbaijan.

    Objectives

    Improving access to term finance at favourable conditions through financing of small/medium projects carried out mainly by small and medium-sized enterprises (SMEs) and Mid-Cap corporates.

    Comments

    This operation is covered by the EU Guarantee for EIB loans outside the EU.

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 16/09/2015

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Azerbaijan Credit lines