The Black Sea Trade and Development Bank (BSTDB) has approved a $25 million financing facility for Basisbank toexpand access to finance for small and medium-sized enterprises (SMEs) and support environmentally sustainable projects in Georgia.
The new funding will be channeled through Basisbank, a long-standing partner of BSTDB, and is expected to strengthen business activity while advancing climate-focused investments in the country.
BSTDB stated that the facility is aligned with the bank’s SME and climate strategies, targeting two main areas: improving access to finance for businesses and promoting environmentally responsible economic development.
BSTDB President Serhat Köksal said the initiative reflects the institution’s broader mission to help inclusive growth and sustainability in the Black Sea region. He emphasized that cooperation with local financial institutions enables businesses to expand, innovate and contribute to long-term economic resilience.
Basisbank’s General Director, David Tsaava, welcomed the agreement, noting that the financing package will enhance the bank’s ability to support Georgian SMEs and scale up investments in environmentally responsible projects.
The partnership is expected to create new opportunities for businesses while reinforcing sustainable economic growth.
BSTDB is a multilateral development bank headquartered in Thessaloniki, established by 11 member states, including Georgia. The institution provides loans, credit lines and other financial instruments to support development and regional cooperation. Its authorized capital stands at €3.45 billion.
Basisbank is one of Georgia’s leading financial institutions, ranking among the top banks in both business financing and retail services.
