International Bank of Azerbaijan Signs $83 Million Loan Facility
International Bank of Azerbaijan got a 2.6 billion-ruble ($82.8 million) loan from eight lenders for its Bank IBA-Moscow unit this month, according to a statement on agent Novikombank ZAO’s website.
Novikombank was joined by MDM Bank OJSJ, Sviaz-Bank, SME Bank, SMP Bank OOO, Globex Bank CJSJ, Bank of Moscow and Baltikums Bank AS in the bank syndicate, the lender said. Novikombank also helped arrange a $55 million in August for IBA- Moscow, it said.
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