Financed ProjectsBank Standard

Identification Code:

OP/07/0656

Total Operation Cost:

0

Maturity:

12 months

Operation Status:

Description and Purpose of the Operation:

BSTDB provides Trade Finance Facility to be used to finance sub-loans made by the Borrower for the purpose of extending short-term pre-shipment and/or post shipment export and/or import financing to those customers in Azerbaijan who import goods from other member countries of BSTDB or export goods to any country.

Countries of Operation:

Azerbaijan (100,00 %)

Financial Product:

Trade Finance

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Bank Standard is the largest private bank in Azerbaijan and 2nd in terms of market share and asset size. The bank’s primary business consists of commercial activities, and corporate lending. The bank operates through a network of branches and ATMs all over the country.

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

Support of Bank Standard’s activities in financing eligible trade transactions is in line with BSTDB’s operational objectives. By working with Bank Standard, BSTDB will be able to reach a larger number of companies in Azerbaijan and contribute to increasing of intra-regional trade among member countries. It is to the interest of BSTDB, to facilitate economic development in member countries, to support local financial intermediaries and to help this important sector of the economy to grow.

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, FI needs to follow the BSTDB's Negative List of Goods, including the Environmental Exclusion List, and be subject to domestic legal requirements, as well as make sure that the Beneficiaries fully comply with these requirements. Bank Standard shall immediately notify BSTDB of occurrence of any incident or accident relating to any underlying export or import transaction of which the bank is, or ought to be aware, and which is likely to adversely affect the state of environment, and/or human health and safety.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org