Bank of the Republic and the Netherlands Bank for the Development of Entrepreneurship (FMO) signed the next major credit agreement. Cooperation between two financial structures has been continuing since 2006. Developing this cooperation, a number of important agreements were signed during the specified period.
This time, between the Netherland Bank for the Development of Entrepreneurship (FMO) and the Bank of the Republic, the largest credit agreement of recent years was signed. According to the contract, the International Financial Institute will allocate a loan in the amount of $ 20 million and funds will be provided in national currency. The raised funds will be aimed at financing small and medium -sized enterprises (KOS) in the agricultural sector, including the entrepreneurial activity of youth and women. The Bank of the Republic, currently expanding its regional service network, plans to send a new loan to increase the availability of large credit funds for entrepreneurs working in regions and especially in rural areas.
“The subject of pride is that FMO, one of the largest financial institutions in Europe, has been one of the stable and reliable financial partners of our bank for more than 16 years. I have been convinced that the funds that we have attracted during this period, as well as our current The agreement in the amount of $ 20 million will provide tangible support not only to the development of the bank’s business portfel, but also the real sector of the country as a whole, including positively affect the pace of creating new jobs in the country, ”said Tariel Ismailov, Chairman of the Board of the Board,
“We are pleased to support our long-standing partner of the Republic, having signed a major credit agreement. The amount of the agreement will be fully aimed at financing micro, small and medium-sized enterprises created by representatives of youth and women, as well as agricultural SMEs, which 100% corresponds to our strategic goal “Reducing inequality.” At the same time, this transaction corresponds to Tsur 5 in gender equality and CUR 8 to create and maintain jobs throughout Azerbaijan, which also emphasizes the importance of this loan. We hope for a further continuation of our partnership with Bank Republic, ”said Huib -Jan de Ruijter, FMO investment director.