IBA LOAN FOR SMES AND MID-CAPS

Promoter – Financial Intermediary

THE INTERNATIONAL BANK OF AZERBAIJAN OJSC

Location

• Azerbaijan

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)

• Credit lines - Credit lines

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