OREANDA-NEWS. September 09, 2009. A meeting with President of the Rosemount Capital Management company James Klatski took place in the Azerdemiryolbank.

CEO of the Azerdemiryolbank Roman Amirjanov, Deputies CEO  Yusif Jabbarov and Rauf Akhundov  took part in the meeting.

The bank informed the sides discussed expansion of cooperation  and new projects. In accordance with the  agreement, which was  signed in September, 2008,  with the Rosemount Capital Management and the Portuguese bank BANIF, the Azerdemiryolbank got syndicated loan amounted to USD 16 million. Within the frames of the agreement the Rosemount Capital Management company allocated for the Azerdemiryolbank funds to lend  import and export operations in the  volume of USD 11 million.

“The guest was also informed of positions of the Azerdemiryolbank in bank sector, projected plans, implementation of system SAP in the bank,” it was informed.

Mr. James Klatski appreciated highly  current activity of the Azerdemiryolbank and realization of loan agreement.

“Cooperation of the Azerdemiryolbank with influential at the financial market of the USA the Rosemount Capital Management company was launched in 2007 and this cooperation is of special significance. The agreement signed last year created additional possibilities in the sphere  of lending the operations on international trade. We hope for beneficial development of the cooperation and  for this  there are all necessary possibilities,” Deputy CEO of the bank Y. Jabbarov said.

One of the first banks of the country the Azerdemiryolbank was established  in 1989. Large international financial organizations as the European Bank for Reconstruction and Development (EBRD) and the Netherlands Development Finance Company (FMO) are among the bank’s  shareholders.