OREANDA-NEWS. February 26, 2008.  BSTDB selected the Bank Standard as a financial intermediary to deliver its trade finance products in Azerbaijan.

BSTDB will extend an up to USD 8 million revolving and committed trade finance facility. Funds will be assisting Bank Standard to support additional Azerbaijani production for export, and to extend short-term trade financing to Azerbaijani companies that are trading with countries of the Black Sea region.

The operation comes in line with BSTDB’s strategy to support businesses involved in regional trade.

Bank Standard became the fourth BSTDB financial intermediary in Azerbaijan, with similar financial facilities provided earlier to International Bank of Azerbaijan, Bank Respublika and Unibank.