EBRD Deepens Cooperation With AccessBank In Azerbaijan
By Rezo Bitsadze The European Bank for Reconstruction and Development (EBRD) has relaunched its Risk-Sharing Facility (RSF) in Azerbaijan by partnering with AccessBank to share risk in loans provided to local small and medium-sized enterprises (SMEs). Under the RSF agreement, the EBRD and AccessBank will each provide up to €15 million(US$16.6million)to share the risk of loans that AccessBank will make to local companies. It is expected that the EBRD will share up to 50 per cent of the risk on individual loans, allowing AccessBank to expand its lending to a...