European Bank for Reconstruction and Development (EBRD) confirmed its consent on purchasing 25% plus one share of the Agrarian Bank, which is in process of establishment on the basis of “Agrarcredit” state non-bank credit organization.

Mediamax reports referring Trend that the official decision of EBRD Board of Directors will be publicized after the session of the Agrarian Bank.

The credit organization informed that interest for participation in the capital of the Agrarian Bank of Azerbaijan is also showed by the International Finance Corporation (IFC) and the German KfW bank. It is expected that each of them will be offered 10-15% of shares.