Financed ProjectsUnibank Revolving Trade Finance Facility

Identification Code:

OP/05/0495

Total Operation Cost:

0

Maturity:

12 months

Operation Status:

Description and Purpose of the Operation:

BSTDB extended a Trade Finance Facility to be used by Unibank for financing sub-loans for the purpose of extending export and/or import financing to customers in Azerbaijan who import goods from member countries and/or export goods to other member or non- member countries.

Countries of Operation:

Azerbaijan (100,00 %)

Financial Product:

Trade Finance

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Unibank open joint-stock company, is one of the leading private banking institutions in Azerbaijan. It was established in 2002 as a result of a merger between M-Bank and Promtechbank. EBRD owns a minority stake in the bank.

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

In cooperation with Unibank, BSTDB will be able to reach a larger number of companies in Azerbaijan and contribute to increasing of intra- regional trade among the member countries.

Environmental Classification and Impact (summary):

In order to reduce/avoid any Environmental, Health & Safety (EH&S) impacts that potentially may arise from trade finance activities the Borrower is required to follow the BSTDB's Negative List of Goods, including the Environmental Exclusion List, and subject domestic legal requirements, as well as make sure that the Beneficiaries fully comply with these requirements. The Borrower is also required to immediately notify the Bank of occurrence of any incident or accident relating to any underlying export or import transaction of which the Borrower is, or ought to be aware, and which is likely to adversely affect the state of environment, and/or human.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org