'Turanbank' involves new credit from abroad

Baku. 21 December. REPORT.AZ/ 'Turanbank' OJCS signed credit agreement with 'Guevoura Fund Ltd' in the amount of 2,2 million USD for 3 years under support of Frankfurt School of Finance and Management in order to expand microfinance portfolio.

Report informs referring to Bank, in accordance with agreement, 'Guevoura Fund Ltd.' transfers its power to 'GLS Alternative Investments' Company for execution of considered obligations and other related measures and appoints this organization as executor.

It is the second agreement signed between 'Turanbank' and 'Guevoura Fund Ltd'.