Black Sea Trade and Development Bank (BSTDB) has opened credit lines worth US$19mn for three Azeri financial institutions.
UniBank has received US$5mn, available for five years. FINCA Azerbaijan can drawdown US$10mn and TBC Kredit US$4mn. The finance will be used to support SMEs in Azerbaijan.
It’s the 19th transaction BSTDB has undertaken. It now has open credit lines totalling €103mn.