Finance
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The Central Bank of Azerbaijan (CBA) has applied for membership in the Network of Central Banks and Supervisors for Greening the Financial System (NGFS).
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The loan agreement with Bank Respublika will offer attractive terms and conditions, making it easier for small businesses to access finance. EIB Global, the arm of the European Investment Bank (EIB) for financing activities outside the European Union, has signed a €10 million loan agreement with Bank Respublika to support micro small and medium-sized enterprises (MSMEs) in Azerbaijan. This agreement will promote financial inclusion by providing loans to small businesses at competitive terms and with the option to be disbursed in local currency, to boost investments, growth and employment.
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Chairman of the Central Bank of Azerbaijan Taleh Kazimov met with the heads of banks-members of to the Board of the Association of Banks of Azerbaijan.
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