Project Notice |
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| PNR | 60084 |
| Project Name | Funded RSF - AccessBank |
| Project Detail | Location: Azerbaijan Project number: 55301 Business sector: Financial institutions Notice type: Private Environmental category: FI Approval date: 20 Feb 2024 Status: Approved PSD disclosed: 27 Feb 2024 A limit of up to EUR 15m under the Funded Non-Recourse Risk Sharing Framework ("RSF") for AccessBank Azerbaijan ("AB"). Each sub-loan under RSF to eligible borrowers will be subject to individual approval. Project Objectives The RSF with AB aims to (i) improve access to long-term LCY/FC financing to Azerbaijani private companies as adequately priced AZN long-term financing remains limited, (ii) support ABs risk management whereby concentration of the loan book is contained and maturity and currency gaps are balanced, (iii) maintain growth and meet financial needs of ABs clients without significant increase in single name exposures. |
| Funded By | European Bank for Reconstruction and Development (EBRD) |
| Sector | Forestry |
| Country | Azerbaijan , Western Asia |
| Project Value | AZN 15,000,000 |
Contact Information |
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| Company Name | ACCESSBANK CJSC |
| Web Site | https://www.ebrd.com/work-with-us/projects/psd/55301.html |
