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Islamic Finance Briefing - Categorized | Banking, Performance more

Islamic Bank Group’s portfolio on Azerbaijan reaches $1.2 bln

Posted on 14 February 2012

The Islamic Development Bank Group (IDB) has achieved grandmaster-level portfolio on Azerbaijan. IDB representative in Baku Tamerlan Taghiyev has said that the IDB current portfolio on Azerbaijan is about $1.2 bn.
“We, as a group, transferred to financing large (with cost up to $250 million) projects in such key areas as energy, water supply and sanitation, irrigation and reclamation. The Bank does not forget about humanitarian development and support of the Government of Azerbaijan and is actively cooperating with the private sector,” Taghiyev said………………………………………..Full Article: Source

 
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