OREANDA-NEWS. October 22, 2009. IFC, a member of the World Bank Group, increased TCB’s facility under Global Trade Finance Program from USD US20 million up to USD 30million (USD 10 mln from this total facility may be utilized for trade finance transactions with up to 2 years tenor) that will allow the bank to expand financing to its small-business clients throughout the country.

Transcapitalbank has joined IFC’s Global Trade Finance Program as an issuing bank in May 2009. IFC provides the bank with up to 100 percent guarantees for the import and export operations of its clients, including small and medium enterprises. The bank has access to a global network of more than 250 banks participating in the program.

The increase of IFC's limit shows that Trade finance remains one of the primarily areas of the Transcapitalbank's activity and the bank continues to increase the volume ofsuch transactions despite ongoing volatile market situation.