OREANDA-NEWS. April 30, 2010. In the first half of the day Steven Beck, chief of trade finance unit (Capital Market & Financial Sectors Division of the ADB Private Sector Operations Department) signed agreements with Access Bank, AG Bank, Bank of Baku and DemirBank, and during the day for technical reasons will sign such an agreement with Bank Respublika. This is the first agreement with ADB for DemirBank.

At the signing ceremony Mr. Beck informed that due to this package of agreements ADB’s credit lines for country’s banks had reached USD50-59 million.

“We are also ready to expand quantity of banks involved in the Program if they conform to two conditions – importance for the market and ability to undergo due diligence. The estimates on the occasion can take up to five months. Besides, banks should conform to the demand of capital sufficiency on Basel II principles,” Mr. Beck said.

These requirements make 8%.