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Sunday, October 21, 2018

Azerbaijan's Atabank participates in event for entrepreneurship support

Azerbaijan's AtaBank took part on Monday in an event held by the Ministry of Economic Development's National Fund for Entrepreneurship Support in the Bilajari district of the Binagadi region.

Some 80 entrepreneurs from Baku and the surrounding areas attended the event, according to AtaBank.

The bank has been a member of the National Fund for Entrepreneurship Support since 2003 and has since issued more than $117 million in privileged loans.

Founded in 1993, AtaBank is one of the largest commercial banks in Azerbaijan. It renders full banking services to corporate and private clients.

In 2012, Fitch Ratings assigned AtaBank a long-term issuer default rating (IDR) of B- with a stable outlook and a short-term (IDR) grade of B.

Last year, London-based "Global Banking and Finance Review" magazine named AtaBank the "Best Commercial Bank of Azerbaijan."