OREANDA-NEWS. January 26, 2010. DemirBank jointly with the manufacturer of office furniture Ideal Design started consumer lending for the purchase of office furniture, reported the press-centre of DemirBank.

DemirBank offers loans for the purchase of office furniture on favourable terms. The loan is for the term of 3 to 24 months with 24% annual interest rate. The amount of loan varies from 500 to 20000 AZN. Currently the crediting of office furniture is realized in Narimanov and Khazar branches. For the expansion of the project other branches of the Bank are also expected to be involved in future. Additional information about the furniture purchase loans is available on the Bank’s website.

“Offering the wide spectrum of banking services, since the last year DemirBank started crediting the purchase of various types of furniture.  The cooperation with Ideal Design enables us to credit the purchase of office furniture and provide new credit opportunities to entrepreneurs and companies,” stated Deputy Head of the management Board of DemirBank, Mr.Yusif Jabbarov.

DemirBank offers the public and companies different types of loans, including mortgage within state housing finance program, business loans, car, refurbishment and other consumer loans.

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