ABB Bank has concluded another successful transaction, further
\nexpanding its presence in international financial markets.<\/p>\n
The Bank has attracted a syndicated loan in the amount of USD
\n230,000,000 with the participation of 12 reputable banks \u2013 5 from
\nEurope and 7 from the UAE. The transaction was arranged by
\nMashreqbank, one of the leading banks in the United Arab Emirates.
\nAnother reputable UAE bank, Abu Dhabi Commercial Bank, acted as the
\nfacility agent.<\/p>\n
This is another major syndicated loan attracted by ABB Bank
\nfollowing its return to international financial markets last April
\nafter a long break. It should be noted that last year ABB Bank also
\nattracted a syndicated loan in the amount of USD 200,000,000.<\/p>\n
The 15% increase in the transaction amount compared to last
\nyear, as well as more favorable terms for ABB Bank, demonstrate the
\nfurther strengthening of international financial markets\u2019 high
\nconfidence in the sustainable development and strong financial
\nposition of both Azerbaijan and ABB Bank.<\/p>\n
The attracted funds will be directed toward financing the real
\nsector, particularly large export-oriented projects, in line with
\nABB Bank\u2019s new development strategy for 2026\u20132028.<\/p>\n
ABB Bank\u2019s participation in international financial markets
\nfurther strengthens the Bank\u2019s international image, expands its
\ncapacity to finance businesses, and has a positive impact on its
\nliquidity position and profitability. The high level of confidence
\nin ABB Bank in international markets creates opportunities to
\nattract long-term financing, expand the Bank\u2019s investor base, and
\nbroaden its regional coverage.<\/p>\n