Washington: Unibank CB OJSC Azerbaijan has signed two loan agreements with the international financial fund Enabling Qapital, totaling 10 million US dollars, including one subordinated loan which will improve the capital base of the bank.
According to Trend News Agency, this marks the first cooperation between Unibank CB OJSC Azerbaijan and Enabling Qapital, aimed at supporting and developing small and medium-sized enterprises (SMEs). Heybat Gadirov, Acting Chairman of the Management Board at Unibank CB OJSC Azerbaijan, expressed satisfaction with the collaboration, stating that it will expand the bank’s capabilities to support small businesses and micro-entrepreneurs. He noted that the loan facility will aid clients in implementing their projects and strengthening their market positions.
On behalf of Enabling Qapital, Christoph Dreher, Board Member and Executive Management Partner, highlighted the potential in the development of microfinance and SME lending in the region. He emphasized the institution’s readiness to support Unibank CB OJSC Azerbaijan in achieving these goals and expressed confidence that the cooperation will be mutually beneficial, stimulating economic growth and entrepreneurial activity.
Unibank CB OJSC Azerbaijan is recognized as a leading commercial bank in the Azerbaijani financial market with a broad customer base. The bank actively supports small and medium-sized enterprises by offering credit products and services tailored to the needs of entrepreneurs.