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DemirBank provides sponsor support to the 5th International Music Festival 'Sheki Silk Way'

July 3, 2014

ENP Newswire - 03 July 2014

Release date- 02072014 - As part of its social activities, DemirBank has provided sponsor support to the 5th International Music Festival 'Sheki Silk Way' which is held in Sheki since Jule 1 to July 5.

Organized jointly by the Ministry for Culture and Tourism, the Union of Composers, Sheki City Executive Administration and Turksoy, the festival has been held starting from 2010 and attracted artists from various countries around the world. The festival is held both at historical sites and contemporary cultural facilities of Sheki. Masterpieces of famous Azerbaijani composers, as well as mugham and folk songs were sounded at the festival.

During the 25 years of its operation, DemirBank has always worked on promotion of the development of culture and preservation of historical heritage, as well as increasing awareness of the community about culture and history. The Bank has implemented numerous projects and provided financial support in this field.

The first commercial bank of Azerbaijan, DemirBank started its operations in October 1989. Shareholders of the Banks include large international financial institutions, such as the European Bank for Reconstruction and Development (EBRD) and Netherlands Development Finance Company (FMO). DemirBank has 'B' rating with 'positive' forecast of Fitch Ratings and Planet Rating. These ratings are one of the best in Azerbaijan banking sector.

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Source: ENP Newswire

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