OREANDA-NEWS. November 25, 2014. The International Bank of Azerbaijan OJSC (IBA) and Turkiye Ihracat Kredi Bankas? A.S. (Turk Eximbank) have signed a loan agreement for USD 15 million.

According to the IBA Press Service, the agreement provides for development of the trade relations between Azerbaijan and Turkey.

The loan raised by the IBA will be used for supporting Azerbaijani companies engaged in export of goods from Turkey by providing them with medium and long term loans.

Turk Eximbank is a state bank mainly engaged in support of foreign trade development in Turkey.