16:22 EDB extends a RUB 1.27 billion loan facility for RG Brands Kazakhstan
15:52 EDB offers bonds underwritten by Kazkommerts Securities at KASE
19:36 EDB and the Global Infrastructure Hub sign a memorandum of understanding in Singapore
16:29 Dmitry Pankin: IFIs are important players in PPP syndicates
12:38 Trade between the EDB countries recovers in Q1 2017 (quarterly macro review)
20:44 Dmitry Pankin: Regional integration neutralises negative economic effects for landlocked countries
14:14 EDB acquires share in ASK, a concession company building Central Ring Road 3
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
13:50 Eurasian Development Bank accounts for the largest portion of investment finance approved by MDBs for the CIS countries in Q1 2017 (review)
14:00 Macroeconomic Review: Improvements in the global economy may accelerate growth in the EDB countries
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.
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)
15 May, 2017