DemirBank Concludes Loan Agreement with Triodos Bank of Netherlands
OREANDA-NEWS. August 30, 2011. DemirBank has started cooperation with Triodos Bank, one of the leading financial institutions in Netherlands. Thus, the Bank has signed a 2-year loan agreement with Triodos Custody B.V., custodian of Triodos Bank, in the amount of USD 2,000,000, reported the press-centre of DemirBank.
The proceeds of the agreement will be utilized to finance micro- and small-sized business entities. The agreement is the first cooperation between DemirBank and Triodos Custody B.V. The Fund primarily works with social financial institutions and it highly appreciated social activities and achievements of DemirBank.
DemirBank actively cooperates on crediting and trade financing programs with more than 20 international financial institutions, such as European Bank for Reconstruction and Development, International Finance Corporation, Netherlands Development Finance Company (FMO), Black Sea Trade and Development Bank, German-Azerbaijan Fund, German Investment Company DEG, International Development Fund OFID, Islamic Corporation, USAID (USA), Rosemount Global Fund (USA), SIFEM AG Investment Fund, ING BANK (Netherlands) etc.
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