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Thursday, August 22, 2019

European Bank for Reconstruction and Development

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European Bank for Reconstruction and Development 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 support helping open Georgia to global markets

Two airports and one sea port in Georgia that have received prior European Bank for Reconstruction and Development (EBRD) have helped the country open up to international markets, an EBRD report stated on Friday. International airports in Tbilisi and Batumi were recipients of $25.9 million in financing in order to construct new facilities at both airports including a new international terminal at Tbilisi and renovations to runways and new equipment purchases have allowed increased traffic into a 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 »

Donor conference raises funds for Chernobyl project

Funding needed to complete the construction and implementation of a New Safe Confinement (NSC) structure was raised at an international donor conference, the European Bank for Reconstruction and Development (EBRD) reported Wednesday. This structure is set to be completed by 2017 and will be covering reactor 4 that was destroyed in the nuclear incident that occurred at Chernobyl. Read More »