EBRD: Local banks are reluctant to provide long-term loans to businesses

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# 16:21
29 April 2021

European Bank for Reconstruction and Development's (EBRD) has allocated several companies with secured loans with preferential rights in local currency during the half a year in Azerbaijan, APA-Economics reports.

EBRD says that companies’ cooperation with the EBRD for financing their domestic projects also comes from that mentioned institutions can not find large amount loans with acceptable terms in local market.

 

According to the EBRD, local banks are reluctant to finance projects, which have long-term capital expenditures in manat.

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