Release date: 25 November 2014
Promoter – Financial Intermediary
THE INTERNATIONAL BANK OF AZERBAIJAN OJSCLocation
Description
A dedicated EIB loan to finance projects promoted mainly by small and medium-sized enterprises (SMEs) and Mid-Cap corporates in the Republic of Azerbaijan.
Objectives
Improving access to term finance at favourable conditions through financing of small/medium projects carried out mainly by small and medium-sized enterprises (SMEs) and Mid-Cap corporates.
Comments
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 16/09/2015
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).