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International Bank of Azerbaijan opens credit line of 3 million USD for gold producers

Company reduced its previous debt to IBAR by 2 million USD

Back. 14 April. REPORT.AZ/ International Bank of Azerbaijan (IBA) has opened credit line of 2,9 million USD for 'Anglo-Asian Mining' company, which is engaged in gold production in the country.

Report informs citing the company, the company's credit debt to the IBAR decreased 9,7 million USD to April 1, 2016. Notably, this figure made 11,7 million USD to the beginning of this year.

In addition, debt of 'Anglo-Asian Mining' company to 'Yapi Kredi Bank' decreased 500 thousand USD from the beginning of current year and down to 1,2 million USD to April 1. The company's debt to 'Pasha Bank' OJSC remained unchanged (4,6 million USD).

Notably, net external debt of the company decreased 1,7 million USD from beginning of the year and made 47,5 million USD to April 1.

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