financing
Azerbaijan to Introduce Product Certificates to Finance Farmers
The Milli Majlis has adopted in the first reading a bill on product certificates — a new tool for financing agriculture that allows farmers to obtain resources before the season starts.
Kapital Bank Raises 50 Million Manats from Foreign Investor via Bonds on Baku Exchange
Kapital Bank has placed 50 million manats in bonds on the Baku Stock Exchange through a private placement with a foreign institutional investor. This is the bank's first deal to attract funding from a foreign bank through bonds denominated in the national currency.
Iran's Ardabil Province Needs $400 Million to Modernize 600 Enterprises
Ardabil Governor Masoud Emami Yeganeh said 700 trillion rials (about $400 million) are needed to modernize 600 economic enterprises and provide them with working capital.
Unibank Secures $50 Million from FMO to Boost SME Lending
Unibank and Dutch development bank FMO have signed a four-year $50 million financing agreement. The funds will support microenterprises and SMEs, including women entrepreneurs and the agricultural sector.
Yelo Bank Launches Fully Online Loan for Small and Medium Businesses
Yelo Bank offers SMEs online loans from 30,000 to 300,000 AZN for up to 60 months with rates starting at 14% per annum. The entire process—from application to contract signing—is remote.
ADB Has Financed 160 Projects in Azerbaijan Worth $5.6 Billion
Since Azerbaijan joined the Asian Development Bank, $5.6 billion has been allocated to 160 projects under cooperation. This was reported by the country's Ministry of Finance.
ADB Launches AI Project for Infrastructure Resilience with Azerbaijan's Participation
The Asian Development Bank (ADB) has launched a project to use artificial intelligence to enhance infrastructure resilience and risk adaptation, with Azerbaijan among the participating countries.
Yelo Bank Offers Microcredits up to 100,000 AZN for Individual Entrepreneurs
Yelo Bank expands micro-business financing options, offering microcredits up to 100,000 AZN from 10% per annum with a grace period of up to 12 months.
Uzmetkombinat and DFC Discuss Financing for Tebinbulak Project
Uzbek steelmaker Uzmetkombinat and the U.S. International Development Finance Corporation (DFC) held preliminary talks on possible financing for the development of the Tebinbulak iron ore deposit.