OREANDA-NEWS. June 27, 2013. The Eurasian Development Bank (EDB) signed the agreement on current credit line increase up to USD20 million for the trade finance purpose and renewal of credit line on 5 year-period.

In autumn, 2010 EDB provided LOCKO Bank with the revolving USD 15 million Credit Line for the two year period. It was the debut project under EDB’s program for the development of trade finance and facilitation of trade between its member-states.

Credit means are intended for financing of foreign trade operations of LOCKO Bank’s clients in EDB member-states. Financing could be provided in rubles, euro, US dollars or in the other currencies of CIS countries.