EBRD INCREASED CBM’S TRADE FINANCE CREDIT LINE UP TO US$45MIO
15.12.2009
On 08 December 2009 European Bank for Reconstruction and Development increased CBM’s TF credit line by US$20mio – from US$25mio to US$45mio.
Cooperation with EBRD under its Trade Facilitation Program (TFP) began in 2005. During the last four years of our close and effective collaboration the Bank’s export-import deals’ credit line was increased from US$15mio to US$45mio.
CBM’s TF credit line increase represents the Bank’s high performance rating and is one more successful step in CBM-to-EBRD relationship’s development. "Such limit increase will certainly stimulate the Bank’s competitive market position strengthening on international level, and, in its turn, will determine CBM’s future opportunities for new partner banks and clients’ attraction, as well as for coverage of new regions for foreign trade operations financing" – noted Vladimir Chubar, Deputy Chairman of the Management Board.