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Azerturk Bank

Azerbaijan | Financial Institutions

Identification Code:: OP/24/0020
Total Operation Cost:: 8.500.000 USD
Maturity:: 60 months
Operation Status:: BSTDB Approved Amount – Approval Date

5.000.000 USD – 27 Mar 2025
: BSTDB Signed Amount – Signed Date

8.500.000 AZN – 08 Sep 2025
: Status:
Active
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-Financers/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:: 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