Georgian ‘KSB Bank’, Black Sea Trade and Development Bank to sign agreement
Georgia, Tbilisi, May 8 / Trend, N.Kirtskhalia /
Georgian "KSB Bank" and the Black Sea Trade and Development Bank (BSTDB) will sign an agreement to allocate a credit line.
BSTDB will allocate a credit line of $5 million. The signing ceremony will be held today.
The project aims at assisting member countries in deepening trade and economic relations, as well as in the development of small and medium businesses.
BSTDB founders are 11 countries (Georgia, Azerbaijan, Albania, Armenia, Bulgaria, Greece, Moldova, Romania, Russia, Turkey and Ukraine). The bank's loan portfolio is 3 billion euros.