OREANDA-NEWS. March 30, 2010. US’ OPIC expands involvement of Azerbaijani banks in processes of SME lending operations.

OPIC informs that it is preparing to grant its loan guarantees for USD 5 million within Rabitabank’s SME lending project worth totally USD 8.49 million. US sponsor of the project is Financial Services Volunteer Corps (FSVC).

The Corporation considers that this project will have a positive developmental impact in Azerbaijan and enable Rabitabank to expand its operations in order to target SME borrowers.