Paşabank Credit Rating Downgraded

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.

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.

The Azerbaijan Deposit Insurance Fund (ADIF) has announced the public auction of real estate of "NBC Bank", which is in the process of liquidation.

"Legion Financial" joint stock company (provides leasing services) announced the issue of shares worth 1.3 million manats and bonds worth 1 million manats.