BSTDB Allocated DemirBank $ 10 million in funding for MSME
DemirBank and the Black Sea Trade and Development Bank (BSTDB) signed an agreement to draw another loan.
As reported in the bank, according to the contract, the Black Sea Trade and Development Bank will allocate DemirBank a loan of 10 million U.S. dollars. These funds will be used for lending to micro, small and medium-sized businesses.
DemirBank cooperates with Black Sea Bank since 2006. This is the fourth such agreement signed between the parties. In total , the bank's credit programs, work with more than twenty international organizations, including the EBRD , IFC, ADB, FMO, DEG, OFID, USAID, etc. -15D -