Black Sea Trade and Development Bank (BSTDB) will allocate to JSC Basisbank 5 million USD worth credit line intended for crediting importers and exporters. It is noteworthy thatit is not the first time cooperation between BSTDB and JSC Basisbank In March 2012, the first agreement on allocation of 4 million USD revolving credit line was reached between Black Sea Trade and Development Bank and JSC Basisbank, which was increased up to 10 million USD in November, 2013. Mentioned credit line has been successfully deployed in dozens of large international trading deals, 53% of funding has been used for export and 47% - for import transactions. The project has proved to be a success and BSTDB made decision to allocate additional USD 5 million to JSC Basisbank, which will also be directedat the development of international trade business.
“Such successful projects are a guarantee that BasisBank has full capacity to offer convenient terms and business-oriented credit products to its customers. It is a great privilege for us that Black Sea Trade and Development Bank considers “BasisBank” as a very stable partner with a long-term partnership potential.“ - JSC Basisbank General DirectorDavid Tsaava said.