OREANDA-NEWS. The Black Sea Trade and Development Bank (BSTDB) increased the Trade Finance Facility provided to Georgia’s Basisbank to a total amount of USD 10 million.  The BSTDB facility aims to finance trade transactions between Georgia and other BSTDB member countries, as well as Georgian exports to all countries.
 
“BSTDB’s continued cooperation with Basisbank is a demonstration of support to Georgian trade and development. Basisbank has successfully utilized the first USD 4 million Trade Finance credit line provided by BSTDB in 2012 and has been a reliable BSTDB partner” said Mustafa Boran, BSTDB Vice President Banking at the signing ceremony in Tbilisi.
 
BSTDB launched its Trade Finance Program in Georgia in 2000 and since then has provided about USD 100 million to over 140 local companies, through partner banks in Georgia.