The Black Sea Trade and Development Bank has apportioned credit line to BasisBank
The agreement about credit line apportion was signed between BasisBank and the Black Sea Trade and Development Bank (BSTDB) on 2nd April.
The Black Sea Trade and Development Bank (BSTDB) has provided Basisbank with a USD 4 million for the purpose of financial support of exporters and importers in Georgia.
Project purpose is to support economical and trade relations among member countries.
The project will strengthen the ongoing BSTDB programs for trade finance and support small and medium-sized companies in Georgia.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. These 11 countries are establishers of Black Sea Economic Corporation and its financial supporter. The BSTDB headquarters is in Thessaloniki, Greece. Since 1999 the authorized capital of the Bank has reached 3 billion Euros.