Baku, Finance Time. 10% price of products that are purchased within the “Energocredit” project are repaid to customers in cash. Customers are also entitled to free technical support of specialists.

Implemented by the European Bank for Reconstruction and Development, the “Energocredit” project is aimed at saving electricity by local businessmen and individuals by means of offering them energy-efficient consumer equipment, materials and electronics.

“DemirBank” joined the “Energocredit” project in September of previous year. The EBRD has lent USD 5 million to “DemirBank” for the purposes of implementation of the project. 

One of Azerbaijan’s first commercial banks of Azerbaijan, “DemirBank” started its operations in 1989. Shareholders of the Banks include large international financial institutions, such as the European Bank for Reconstruction and Development (EBRD) and Netherlands Development Finance Company (FMO). 

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