EBRD Ready to Provide Extra Financing for Rabitabank
OREANDA-NEWS. October 14, 2010. The European Bank for Reconstruction and Development (EBRD) is prepared for expanding financing of Rabitabank.
According to a representative of the European Bank in the country Francis Delay, they have been working with the Rabitabank for a long time and will continue to support its development through investments in capital and provision of debt capital for financing of lending process.
Of late EBRD together with the International Finance Corporation (IFC) purchased 25% + 1 share of the Rabitabank. It is expected that both these structures will provide additional credit lines to the bank.
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