Financed ProjectsDemirbank 1 - SME Financing

Identification Code:

OP/06/0558

Total Operation Cost:

0

Maturity:

12 months

Operation Status:

Description and Purpose of the Operation:

BSTDB provides a Short Term Unsecured Bank to Bank Loan to Azerdemiryolbank to be used for general banking operations including: short-term financing of specific projects for the creation, modernisation, expansion and diversification of any business facilities; working capital financing for trade, service, infrastructural and manufacturing enterprises for general day-to-day operations; export and pre-export financing of industrial enterprises manufacturing for export and producing hard currency revenues and other banking operations except interbank loans.

Countries of Operation:

Azerbaijan (100,00 %)

Financial Product:

Loans

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Azerdemiryolbank (ADB) is a private bank founded in 1989. Ranked among top 10 Azerbaijani banks in terms of assets, ADB provides consumer and corporate loans, with a major share of its loan portfolio accounting for trade and financing in construction and manufacturing sectors.

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The project aims to support the development of the Banking sector in Azerbaijan.

Environmental Classification and Impact (summary):

Azerdemiryolbank has adopted a basic environmental procedure, which is found satisfactory to BSTDB and has integrated it into its credit/investment appraisal and monitoring process. The Loan Agreement requires the Client to ensure that its sub-loans comply with: 1) the BSTDB Environmental Exclusion List and Negative List of Products; and 2) the national environmental regulations and standards.

Operation Leader:

Financial Institutions II

E-mail:

fi2@bstdb.org