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Demirbank 1 - SME Financing

Azerbaijan | Financial Institutions

Identification Code:: OP/06/0558
Total Operation Cost:: — USD
Maturity:: 12 months
Operation Status:: BSTDB Approved Amount – Approval Date

2.000.000 USD – 10 Jun 2006
: BSTDB Signed Amount – Signed Date

2.000.000 USD – 12 Jun 2006
: Status:
Completed
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-Financers/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:: 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