"Azerkontrakt" attracted loans of 100 million manats from local banks

In 2021, the State Contract Corporation - "Azerkontrakt" OJSC attracted loans of approximately 55 million US dollars or 93,684 million manats from local banks with the guarantee of the Ministry of Finance.

Referring to the Corporation,Qazet.az reports that the debt was raised at 1% per annum.

40.88 million manats of debt was received from "International Bank of Azerbaijan" OJSC, 40.88 million manats from "Kapital Bank" OJSC, and 11.924 million manats from "Azer-Turk Bank" OJSC.

"Azerkontrakt" was established in 1997. Its authorized capital is 13,539 million manats. The joint-stock company has been engaged in the purchase of natural gas from producers, transportation, distribution within the country and organization of sales to consumers in the country for 2 years.