EBRD and Unibank to support trade finance in Azerbaijan
May 30, 2025
The European Bank for Reconstruction and Development (EBRD) has approved a trade finance line of up to €4.4 million for Azerbaijani lender Unibank under its Trade Facilitation Programme (TFP).
This trade finance agreement was signed on 16 May, at the EBRD’s 2025 Annual Meeting in London.
The newly established facility, which is aimed at supporting the export and import operations of private companies, will enable Unibank to further expand trade transactions with the international banking community.
George Orlov, the EBRD’s Financial Institutions Director for Central Asia, the Caucasus and Türkiye, said: “I am confident that this transaction will allow Unibank to expand its trade finance business and contribute to the growth of export-import operations in Azerbaijan.”
“This partnership is playing a key role in Unibank’s strategy to develop Azerbaijan’s non-oil sector,” said Unibank’s Chief Investment Officer, Emin Rasulzade.
The EBRD’s TFP programme currently operates in 27 economies, with an extensive network of more than 130 issuing banks and over 800 confirming banks, strengthening correspondent banking relationships, developing links with new markets and promoting intraregional transactions. Through the TFP, the EBRD provides guarantees to local banks, enabling smoother trade flows and increasing access to new markets for local businesses.
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