OREANDA-NEWS. February 26, 2008.  Importers and exporters in Armenia will benefit from a revolving trade finance facility the BSTDB is providing to Inecobank (Armenia). BSTDB will increase the existing USD 3 million revolving trade finance facility by another USD 3 million.

BSTDB and Inecobank have been partners since January 2007, when the Armenian bank received the first USD 3 million facility to advance sub-loans to Armenian import/export companies. The new facility will also be used for financing exports from Armenia or imports of goods from the Black Sea region. The operation supports the Bank’s strategy to finance business involved in regional trade.