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41915-014: AZE: DEBT FINANCING TO BANK OF BAKU
Project Data Sheet (PDS): Overview
Description
To provide financial assistance to Bank of Baku (BOB) for onlending that will allow it to expand its SME and microfinance loan portfolio. The increased availability of capital or funding to SMEs would contribute to private sector development and translate to sustainable economic growth in Azerbaijan.... Read More
| Country |
Azerbaijan |
|---|---|
| Borrower/Equity Investment Name | BANK OF BAKU OPEN JSC BANK OF BAKU |
| Project Number | 41915-014 |
| Project Type or Modality of Assistance |
Private Sector Loan and Equity |
| Financing | Private sector (Nonsovereign) |
| Status | Approved |
| Approval Number |
7258 |
| Approval Date | 01 Aug 2007 |
| Closing Date | 05 Feb 2008 |
| Geographical Location | Azerbaijan |
| Sector / Subsector Classification |
Finance / Banking Systems |
| Thematic Classification | Economic growth Private sector development |
| Safeguard Categories |
Environment: FI Resettlement: C Indigenous People: C |
Results Delivered
| Small and medium-sized enterprise loan accounts opened or end borrowers reached (number) | 57 |
The results data reported above are limited to ADB's core sectors, as defined under Strategy 2020 and tracked through indicators in the ADB Results Framework. For definitions of results indicators, please see the ADB Results Framework Indicators Definition.
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.
Responsible ADB Officer
Janette A. Hall
Email contact form
Responsible ADB Department
Private Sector Operations Department
Responsible ADB Divisions
Capital Markets and Financial Sectors Division
Last PDS Update
20 Apr 2007