(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 31. Raiffeisen Bank
International, based in Austria, is interested to support
Azerbaijan in modernization of its economy, RBI told trend .
RBI said it sees the increase of the oil price has a positive
impact on Azerbaijan economy and sees activation in cash flow and
trade.
"So, we are interested to support Azerbaijan in modernization of
its economy through purchase of modern technology using payments or
trade finance instruments," said the bank.
Raiffeisen Bank International has been acting for many years as
the main correspondent bank in Europe for the financial market of
Azerbaijan.
It is represented in 24 countries. In Central and Eastern
Europe, Raiffeisen Bank covers 12 countries, five of which are EU
members, with subsidiary banks. Its consolidated profit stood at
3.6 billion euros in 2022, driven by significant increase in core
revenues.
RBI not only offers Austrian and international companies a broad
range of products in corporate and investment banking, but also a
comprehensive coverage in CEE. Through an extensive branch network,
local companies of all sizes as well as private customers are
supplied with high-quality financial products. RBI maintains
representative offices and service branches in selected Asian and
Western European locations to support its business activities.
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