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February 14, 2011

USD 50mn Term Loan Facility signed for International Bank of Azerbaijan


LONDON, 9 February 2011 – Deutsche Bank AG London today announced the recent signing of a USD 50 million Term Loan Facility for International Bank of Azerbaijan (“IBA”). The loan has a two year maturity and pays a margin of 4.5% per annum. 


Ben Dobson, director of Structured Trade & Export Finance in Deutsche Bank's Global Transaction Banking division in London, said, "Deutsche Bank is very pleased to sign its first loan for IBA. This transaction reflects how highly we regard Azerbaijan as an important market offering us new opportunities to serve client needs."


Mr Mustafayev, Deputy Chairman of IBA, said, "We are pleased to further strengthen our relationship with Deutsche Bank by signing this USD50m loan which we will use to provide one of our core Azeri customers with trade related finance.”


IBA is the largest bank in Azerbaijan – accounting for approximately 45% of the country’s banking assets. The Bank, which has a BBB- rating from Fitch, is 50.2% owned by the Government.


For further information, please call:


Deutsche Bank AG                                    


Name : Libby Young                      

Phone: +44 (0) 20 7545 6941       



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