Basisbank and the Black Sea Trade and Development Bank (BSTDB) recently signed an agreement on a new $15 million SME facility to support small and medium-sized enterprises in Georgia. The deal is another milestone of a long partnership between the two institutions, which have cooperated since 2012 in the quest to offer Trade Finance and SME loans.
BSTDB, a global financial institution founded by 11 countries, provides regional economic development through financing public and private sector initiatives, whereas Basisbank, third-ranked for business finance in the country, strengthens global financial collaborations to secure banking, insurance, and leasing services in Georgia.
“This new facility underscores our dedication to strengthening economic resilience and fostering growth for SMEs, the backbone of the economy,” said BSTDB President Dr. Serhat Köksal. “Together with Basisbank, we are building a solid foundation for long-term development.”
“Our continued collaboration with BSTDB plays a crucial role in developing Georgia’s private sector and meeting SMEs’ financial needs. We appreciate BSTDB’s ongoing support and look forward to future impactful projects,” Basisbank General Director David Tsaava said.
