BSTDB Builds Up Support for Georgian SMEs

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The FINANCIAL — The Black Sea Trade and Development  Bank (BSTDB) extends a USD 5 million SME Facility to KSB Bank of Georgia  for the support of small and medium-sized enterprises (SMEs), a key business segment of the Georgian economy.

The proceeds of the three-year loan will facilitate access to finance for industrial, agricultural and service-related SMEs. The operation builds up on the successful partnership between BSTDB and KSB Bank that started in 2012, according to BSTDB.

KSB Bank  is a universal bank providing  a full range of banking services for private, corporate and governmental clients, primarily SMEs, through a network of 21 branches in Georgia.

 

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