Turanbank attracts loan from abroad

Baku: Economics. TuranBank and German financial institution Bank im Bistum Essen eG signed two new loan agreements in the amount of $3,5 million to expand the Bank’s microfinance portfolio.

The first loan agreement amounted to $1,5 million between TuranBank and Bank im Bistum Essen eG was signed on April 11, 2011. Overall, within the cooperation projects of these two financial structures the Bank attracted loans totaling $5 million for microfinance.

SOURCE: AZERI PRESS NEWS AGENCY