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Monday, April 24, 2017

European Bank for Reconstruction and Development (EBRD)

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European Bank for Reconstruction and Development (EBRD) News

EBRD to help Bai Tushum Bank expand loan offerings

The European Bank for Reconstruction and Development (EBRD) and Bai Tushum Bank (BTB) said on Thursday that they have signed an agreement that will let BTB offer longer terms and larger loans to its clients. BTB, one of the largest financial institutions in the Kyrgyz Republic, started out as a micro-financing institution that focused on small loans in the nation's rural areas. It later became a bank and began to increase and diversify its client base. Read More »

EBRD: Aid to reform-minded Ukraine likely to continue

European Bank for Reconstruction and Development (EBRD) President Sir Suma Chakrabarti said on Thursday that Ukraine's commitment to financial reforms will be met with the bank increasing its investments in the country. Chakrabarti also said that Ukrainian officials within the banking and energy sectors should work to attract more investors seeking opportunities. EBRD support in Ukraine totaled approximately $1.34 billion in 2014. Read More »

Hydrolea CEO sees potential for growth in Georgia's hydropower industry

The European Bank for Reconstruction and Development (EBRD) published a personal account on Friday by Radoslav Dudolenski, CEO of Hydrolea, who said Georgia's hydropower industry is showing growth potential. Dudolenski is a Bulgarian native who came to Georgia at a time when decades of little development and investment left the Georgian energy sector unstable and prone to blackouts. Read More »

EBRD launches new Kyrgyzstan investment strategy

The European Bank for Reconstruction and Development (EBRD) said on Thursday that it has launched a new four-year strategy for the bank's projects in Kyrgyzstan. Major focus points for this strategy include supporting the growth in competitiveness for small and medium-size enterprises (SME), strengthening links between neighboring countries, and promoting the renovation and modernization of utility delivery within the country. Read More »

EBRD supports Moldovan small firms

The European Bank for Reconstruction and Development (EBRD) announced on Tuesday that it would be financing small firms in Moldova with an $8 million loan in the local currency. The bank is working through ProCredit Bank which will loan the funding to businesses within Moldova. “We continue to support ProCredit Bank and increase the availability of local currency financing to private businesses as access to long-term funds remains very limited in Moldova," EBRD Director for Financial Institution Read More »