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TransCaspian / Translogistica - Societe Generale Bank becomes key lender of Azerbaijan’s transport sector for 2016

Societe Generale Bank becomes key lender of Azerbaijan’s transport sector for 2016
06.02.2017

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Societe Generale Bank has become the main lender of the transport sector of Azerbaijan in 2016, giving about EUR 300 million for this purpose.

Interfax-Azerbaijan, referring to governmental sources, in 2016 Azerbaijan has completed all the necessary procedures and signed with Societe Generale, BNP Paribas and French branch HSBC Bank the loan agreement on EUR 276.995 million for purchase of 50 locomotives.

"In addition, the Azerbaijani government raises a loan from bank Societe Generale in the amount EUR 32.205 million for purchase of 151 buses of model Iveco Urban Way. The agreement on this loan has already been signed," the Interfax-Azerbaijan source said.


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