Ipak Yuli Bank Signs USD 10 mln Project Agreement with ADB
OREANDA-NEWS. March 29, 2010. Ipak Yuli open joint-stock innovation commercial bank has signed a project agreement with the Asian Development Bank (ADB) within the second small- and micro-financing project for the total amount of USD 10 million.
This financing line will be directed on the support of activity of the bank's clients, in particular, on the formation of circulating assets and purchase of fixed assets.
In line with the project agreement between Ipak Yuli bank and ADB, the maximum amount of loan to be issued for the financing of one project cannot exceed the equivalent of USD 20,000.
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