Financed ProjectsAzerturk Bank

Identification Code:

OP/24/0020

Total Operation Cost:

8.500.000

Maturity:

60 months

Operation Status:

Description and Purpose of the Operation:

Azerturk Bank

Countries of Operation:

Azerbaijan (100,00 %)

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

SME Loan Facility to Azer-Turk Bank

Co-Financiers/Participants:

n/a

Guarantors/Sponsors:

n/a

Developmental and Regional Cooperation Impact:

The operation is expected to have modest but favorable economic benefits for the Azerbaijani economy, the most relevant being additional tax revenue gains from increased economic activity under the additional amount provided. In addition, the additional amount provided will help further enhance benefits such as increases in employment, increase in export capacity and competitiveness, and multiplier effects for other parts of the economy.

Environmental Classification and Impact (summary):

Environmental and Social (E&S) risks and impacts associated with this type of banking activities are normally of limited-to-low significance.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org