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.