Kocbank Azerbaijan Joint Stock Bank
MIGA issued a $2.7 million guarantee to Kocbank, A.S. of Turkey for its investment in the establishment of a commercial bank in Baku. The guarantee covers the investment against the risks of transfer restriction, expropriation, and war and civil disturbance risks. The Kocbank Azerbaijan Stock Bank will focus on export financing to promote the expansion of Azeri trade activities with Turkey.