OREANDA-NEWS. December 7, 2007. BSTDB provided Technika Bank of Azerbaijan with a USD 8 million 6-year bank to bank loan for mortgage financing. The BSTDB financing will help meet a high demand for mortgage loans in Baku and other regions of the country.

“For BSTDB, the mortgage market development is a strategic priority and we are very glad to be the first IFI lending an Azeri bank with the purpose to finance residential mortgages”, stated Andrey Kondakov, Vice President Banking signing the loan agreement.