EBRD INCREASED CBM’S TRADE FINANCE CREDIT LINE UP TO US$67mio
13.10.2010
<p>On 29 September 2010 European Bank for Reconstruction and Development increased CBM’s trade finance credit line by US$22mio – from US$45mio to US$67mio.</p> <p>Cooperation between CBM and EBRD under its Trade Facilitation Program (TFP) began in 2005. During five years of close and effective collaboration between these two financial institutions, CBM’s credit line for export-import operations financing was gradually increased from the original US$15mio to US$67mio.</p> <p>The boosting of CBM’s trade finance credit line reflects the EBRD's positive evaluation of the Bank’s performance as well as the strengthening of CBM's position on international markets.</p>