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13:59 EDB: Eurasian economic integration has gained practical content but may encounter stumbling blocks in the future (the report “Eurasian Economic Integration 2017”)
19:02 EDB provides a US $10 million loan facility to Belinvestbank for trade finance
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Press Releases

EDB provides a US $10 million loan facility to Belinvestbank for trade finance

Moscow, 15 May 2017. Eurasian Development Bank (EDB) and Belinvestbank signed an agreement to finance foreign trade transactions of Belinvestbank’s clients in the EDB member states. The signatories were Dmitry Ladikov-Roev, Managing Director for Assets and Liabilities at EDB, and Andrei Sokirko, Deputy Chairman of the Board at Belinvestbank.

In accordance with the agreement, EDB will provide US $10 million for five years. Finance from the facility may be extended for three to twelve months in the US dollars, euro, tenge or Russian roubles. The agreement envisions that 100% of the funds will be used to finance export and import transactions between the member countries.

“This is one of EDB’s targeted and priority products. Trade finance contributes significantly to the advancement of businesses in the real sectors of the Bank’s member states and the financial sector of Belarus,” Dmitry Ladikov-Roev commented.

Additional Information

Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.

Belinvestbank is a universal bank offering all types of banking services for corporate and private clients of various forms of ownership or incorporation that operate in different areas and sectors. The Bank has extensive correspondent relationships with the largest foreign banks and provides all forms of international settlements used in global practice, including the servicing of clients’ foreign trade transactions in the CIS, Europe and the U.S. Belinvestbank is a member of the Association of Belarusian Banks, the Belarus Currency and Stock Exchange, the Society for Worldwide Interbank Financial Telecommunications (SWIFT), the VISA International and MASTERCARD International systems, as well as the BELCARD national payment system. Belinvestbank’s official website is www.belinvestbank.by

EDB Media Centre:
+7 (727) 244 05 45, ext. 6147 (Almaty)

+7 (495) 645 04 45, ext. 2724 (Moscow) (Москва)
e-mail: pressa@eabr.org


15 May, 2017

EDB Member States

  • Russian Federation


  • Republic of Kazakhstan

    of Kazakhstan

  • Republic of Armenia

    of Armenia

  • Republic of Tajikistan

    of Tajikistan

  • Republic of Belarus

    of Belarus

  • Kyrgyz Republic