Agroinvestbank Retained Rank on Trade Finance
OREANDA-NEWS. May 30, 2008. The activity of OJSC “Agroinvestbank” in sphere of Trade finance is connected with Program of Trade Assistance in Tajikistan carried out by the EBRD since 2005, reported the press-centre of Agroinvestbank.
The first project of OJSC "Agroinvestbank" was successfully realized with usage of credit line of EBRD under Trade Finance at the sum 2 million US dollars. In the same year the established limit has been increased by EBRD up to 4 million US dollars, and the total amount of limits from all foreign banks on Trade Finance by the end of 2005 composed 9 million US dollars.
Up to date the OJSC "Agroinvestbank" directly cooperates with 9 foreign financial institutions in sphere of Trade Finance. The total sum in this area exceeds 25 million US dollars, from them 10 million within the framework of the program of the EBRD "Trade Assistance in Tajikistan".
With use of the n limits have been financed more than 300 import operations above 64 million US dollars. The total amount of limits by all kinds of operations of OJSC "Agroinvestbank" composes more than 67 million US dollars.
Result of successful work of the bank in this area became recognition of OJSC "Agroinvestbank" in 2005 as "Most active bank under Trade Finance within the framework of EBRD Trade Assistance", and in 2006 and 2007 the bank was awarded "Most active issuing bank of region under Trade Finance in the countries, involved in the Program of EBRD".
In 2008 OJSC "Agroinvestbank" plans to continue its activity within the framework of Trade finance, expanding a number of credit products, in view of needs of Bank customers.
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