Financing of small and medium business is one of the priority areas for «Bank of Baku». Our Bank, by cooperating with a number of financial institutions, pays special attention to formation of a true business environment in Azerbaijan, and successful sales of local goods and services both in Azerbaijan, and abroad. Since the time of commencement of SME financing, «Bank of Baku» provided loans for over USD 30 million to more than 3000 private entrepreneurs and enterprises from various sectors of the economy.
Existing SME financing programs of the Bank are flexible, attractive and competitive as to the scope of their coverage, and are aligned to needs of our potential clients. We can offer SME financing of USD 10 000 and more with GAF, EBRD, NFSE and our own funds upon very attractive conditions.
Transparent and professional analysis, which accompanies the financing process, constitutes the ground for the good reputation of the Bank in this area and is also conducive to client’s satisfaction. Financing formalization procedures as applied by «Bank of Baku» are also simple and thus gained the respect of the clients. Within the framework of a special campaign “It Has Never Been That Easy to Get a Loan”, which started in Summer of 2005, hundreds of entrepreneurs and enterprises got a chance to benefit from business loans offered by «Bank of Baku».
Please review general terms and conditions applicable upon SME loans: |
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Amount |
min USD 10 000
max USD 100 000 |
Term |
For fixed assets – 36 months
For turnover assets – 18 months |
Interest rate |
24$ per annum* |
Repayment |
In installments |
Loan currency |
AZN/USD/EUR |
Grace period |
Up to 6 months |
* Interest rate and other terms and conditions under this project are determined on an individual basis upon the following criteria:
- Bank’s experience with the client
- Image and rating of the borrower in the market
- Collateral
- Term
- Other criteria
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Additional information
Please send us your queries related to this service or approach any branch or office of the Bank,
call in information centre under number 145.
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