EDB increases trade finance facility limit for LOCKO-Bank up to USD 20 million

The Eurasian Development Bank (EDB) signed the agreement on current credit line increase up to US$20 million for the trade finance purpose and renewal of credit line on 5 year-period.
In autumn, 2010 EDB provided LOCKO Bank with the revolving US$15 million Credit Line for the two year period. It was the debut project under EDB’s program for the development of trade finance and facilitation of trade between its member-states. Credit means are intended for financing of foreign trade operations of LOCKO Bank’s clients in EDB member-states. Financing could be provided in rubles, euro, US dollars or in the other currencies of CIS countries.