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ADIF about to repay first tranche of loan borrowed from Central Bank
04 October 2016
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Azerbaijan Deposits Insurance Fund is about to repay first tranche of loan borrowed from the Central Bank of Azerbaijan, Executive Director Azad Javadov said at the press conference.
According to him, the repayment of AZN 22 million on this tranche will be completed in February: “This loan had been borrowed at 5%. We repaid about AZN 4 million per month. The second tranche makes up AZN 100 million and was borrowed at 7% for 4 years”, Javadov said.
