OREANDA-NEWS. October 25, 2011. DemirBank has sponsored the Investors’ Annual Fair organized by Azerbaijan Micro-finance Association (AMFA). Sponsorship under “Silver+” package reaffirms the commitment of DemirBank towards micro lending, as well as the cooperation with micro finance institutions, reported the press-centre of DemirBank.

Throughout the years of its operations, DemirBank managed to build a solid relationship with international organizations specialized in micro lending. At present, DemirBank actively cooperates with a number of international institutions, including European Bank for Reconstruction and Development (EBRD), responsAbility SICAV, Triple Jump N.V., Incofin which also joined the event.

DemirBank also cooperates with international rating agency of Planet Ratings in assessment of its micro lending performance. The Bank supports the development of micro entrepreneurship in the country and continues to provide its clients with new financing opportunities.

One of the first banks of Azerbaijan, DemirBank (formerly called Azerdemiryolbank) started its operations in October 1989. Shareholders of the Banks include large international financial institutions, such as European Bank for Reconstruction and Development (EBRD) and Netherlands Development Finance Company (FMO).