The European Investment Bank (EIB) has issued a second senior loan of $21.5 million to AccessBank to finance small- and medium-sized businesses in Azerbaijan, according to an AccessBank press release.
AccessBank helps micro- through medium-sized businesses in the country, according to the press release.
“We highly value the support of the EIB who has been a close partner of us since it launched its operations in Azerbaijan in 2014,"
AccessBank CEO Michael Hoffmann said in the press release. "In the light of the current challenging economic environment the transaction is an important signal of trust and confidence from the side of the EIB in our bank and reflects that AccessBank enjoys strong support of its international partners."
One of EIB's objectives is to help develop private businesses, particularly small enterprises.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme