Basisbank continues to build on long-lasting efficient partnership with the Black Sea Trade and Development Bank (BSTDB) by signing a new agreement for USD 15 million SME Facility. This financing will expand Basisbank's capacity to support small and medium-sized enterprises (SMEs) in Georgia. BSTDB and Basisbank have been building impactful portfolio since 2012, collaborating under the umbrella of multiple facilities, extending to the market Trade Finance and SME loans, totaling over USD 183 million. This successful cooperation highlights BSTDB's commitment to fostering market development, supporting SME growth, and driving job creation, income generation, and increased trade turnover in Georgia.
Commenting on the agreement, Dr. Serhat Köksal, BSTDB President, said: “We are delighted to further expand our cooperation with Basisbank, a trusted partner and one of the market leaders in Georgia. This new SME facility illustrates our commitment to fostering economic resilience and growth by empowering small and medium-sized enterprises — the backbone of the economy. Through joint efforts, BSTDB and Basisbank are laying a strong foundation for long-term economic progress and regional development.”
“Our long-lasting and impactful partnership with BSTDB continues with another successful collaboration in supporting the development of small and medium-sized businesses. The new facility will contribute to the growth of the private sector and meet the financial needs of SMEs. Our close cooperation with BSTDB reflects our shared commitment to supporting the private sector as a fundamental pillar of economic growth. I would like to thank our partner, BSTDB, for their ongoing support and look forward to working together on even more impactful projects in the future. – said David Tsaava, General Director of JSC Basisbank.
About BSTDB
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion.
About Basisbank
As the 3rd largest Bank in business finance, Basisbank provides top-notch banking, insurance and leasing products and services across the country. Its strong collaboration with partner international financial institutions gives Basisbank a distinct advantage as a trusted partner to many, top-tier international financial institutions, commercial banks and investment funds from all around the globe.
