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