ING allocates $20 mln-loan to Unibank

Baku: ING Group has allocated $20 mln-loan to Unibank. The funds will be directed at financing business development projects and real sector in Azerbaijan.

Due to its financial performance in recent years and to being one of the leaders of Azerbaijan’s banking sector, Unibank received acknowledgement from international financial institutions and rating agencies. Fitch has reaffirmed Unibank’s rating at “B” with stable outlook.

The agency increased the rating of Unibank in view of the loan portfolio growth, increasing profitability, positive practice in corporate management and transparency.

SOURCE: AZERI NEWS AGENCY

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