Black Sea Trade and Development Bank allocates another loan to Azerbaijani bank

Azerbaijan's DemirBank and the Black Sea Trade and Development Bank (BSTDB) signed an agreement to give a loan of $15 million, DemirBank said on Thursday.

"DemirBank has been cooperating with BSTDB since 2006," the Deputy Chairman of the Board Yusif Jabbarov said.

"This is the third agreement of this kind signed between DemirBank and the Black Sea Trade and Development Bank. According to the agreement, signed for five years, $15 million will be directed by the bank for lending to micro-, small- and medium-sized entrepreneurships. DemirBank signed several agreements worth $40 million with various international organizations in 2011," he added