BSTDB signs loan agreements with two Azerbaijani banks

The Black Sea Trade and Development Bank (BSTDB) has signed loan agreements with Turan Bank OJSC and Rabitebank OJSC.

The documents were signed at the Business forum titled "BSTDB role in supporting a diversified and innovative Azerbaijani economy in a changing world" held within the 24th annual meeting of the Board of Governors of the Bank in Baku, Report informs.

Under these agreements, Turan Bank received a loan of $ 5 million and Rabitabank a loan of $ 10 million. These funds are intended for the development of small and medium enterprises in the country.