If consolidatioon occurs in Azerbaijan-based banks, EBRD to participate in capital of bank to be newly established

Baku: “If Azerbaijan-based banks are consolidated, EBRD is ready to participate in the capital of new bank”, said the EBRD President Suma Chakrabarti at the press conference in Baku.

“Today, we have discussed several issues with the Chairman of the Central Bank of Azerbaijan Elman Rustamov. The discussions focused on trade funding, energy efficiency, allocation of loans for small and medium business, participation in the capital. Along with this, we discussed how EBRD will support if Azerbaijan-based banks are consolidated. Moreover, we discussed commencement ofagro-business mechanism in Azerbaijan”, EBRD President said.

SOURCE: Azeri Press News Agency