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14.08.2017

China Development Bank has allocated credit line in amount of USD 15 million to BasisBank

On July 28 at exhibition hall of Head Office of BasisBank was held ceremony of signing of allocation of credit line in amount of 15 million between China Development Bank and JSC “BasisBank”! 

Credit line will provide funding of SME Businesses.

We would like to remind, that in 2016 China Development Bank has allocated to BasisBank credit line in amount of USD 5 million for the purpose of financing of international trade transactions.

Noteworthy is that such fact was unprecedented that Chinese financial institution has started cooperation in this direction with the local Georgian Bank. 

China Development Bank is one of the largest and successful financial institution in the world. As per 2016 the volume of total credit amount issue by the bank equaled to USD 347 million.

„It’s a great honor for BasisBank to be the host Company and partner in Georgia of one of the largest and successful financial institution all over the world. The fact that our cooperation became even stronger gives us reason to be confident that the relationship between our companies will be long-term and will become even more widespread, it will enable us to attract more resource for supporting business. Development of business is directly depends to economic development and growth of Georgia”- as has stated General Director of BasisBank David Tsaava.

“Our Bank is a kind of bridge in the cooperation between Georgia and China. On the base of successful cooperation  BasisBank became the reliable partner to China Development Bank  in Georgia. Noteworthy is that our Bank is actively involved in the Project “One Belt-One Road”  in the frame of which we have implemented and in the future have planned implementation of several Projects and respectively the range of cooperation with BasisBank will be increased once more”. – as has stated representative of China Development Bank Mr. Gu Deiog.

 

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