Georgian Basisbank to receive $4 mln loan from Black Sea Trade and Development Bank

Business Materials 8 May 2012 10:43 (UTC +04:00)

Georgia, Tbilisi, May 8 / Trend, N.Kirtskhalia /

Georgian Basisbank and the Black Sea Trade and Development Bank concluded an agreement on the allocation of updated credit line of $4 million to finance exporters and importers and development of trade and economic relations between the countries.

Presentation of a special product developed for this credit line will be held at the Basisbank head office at 14:00 on May 8.

The presentation will be attended by representatives of the Black Sea Trade and Development Bank, Vice President of the National Bank of Georgia Otar Nadaraya, Deputy Finance Minister Konstantin Kintsurashvili and representative of the European Bank for Reconstruction and Development in Georgia, Paul-Henri Forestier.