The FINANCIAL — The Black Sea Trade and Development Bank (BSTDB) is providing additional funds for small and medium-sized enterprises (SMEs) in Azerbaijan with a USD 17 million loan to AccessBank.
The proceeds of the three-year loan will facilitate access to finance for industrial, agricultural and service-related SMEs and will contribute to the increase of non-oil sector business in the country, according to BSTDB.
This is the fifth facility for SME support, extended by BSTDB to AccessBank, bringing the total amount of financing to USD 54 million since 2005.
