International Bank of Azerbaijan attracts new foreign loan

IBAR and Korean EXIMBank signed a loan agreement

Baku. 7 May. REPORT.AZ/ International Bank of Azerbaijan Republic (IBAR) and The Export Import Bank of Korea (KEXIMBank) signed a loan agreement in the amount of 100 mln. US dollars.

Report informs referring to the bank, under this credit line, of credit imports of Korean manufacturers will be financed.

The main shareholder of IBAR is the Finance Ministry, which owns 51.07 percent of shares.

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