41910-014: AZE: SUBORDINATED LOAN TO INTERNATIONAL BANK OF AZERBAIJAN (IBA)

Project Data Sheet (PDS): Overview


Description

ADB's assistance will be in the form of a US dollar denominated subordinated loan (Tier 2 capital) of up to $40 million to International Bank of Azerbaijan (IBA) in order to strengthen the bank's capital position and underpin the expansion of its lending activities, particularly to small and medium-sized enterprises (SMEs) and retail clients. Read More

Country Azerbaijan
Borrower/Equity Investment Name INTERNATIONAL BANK OF AZERBAIJAN
Project Number 41910-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7266
Approval Date 05 Nov 2007
Closing Date 12 Feb 2008
Geographical Location Azerbaijan
Sector / Subsector Classification Finance
/ Banking Systems
Thematic Classification Economic growth
Safeguard Categories Environment: FI
Resettlement: C
Indigenous People: C

 

 

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Project Data Sheets (PDS)

Responsible ADB Officer
Stefan Hruschka
Email contact

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Capital Markets and Financial Sectors Division

PDS Creation Date
26 Sep 2007

Last PDS Update
26 Sep 2007

SEARCH/BROWSE PROJECTS