SYNDICATED AND BILATERAL LOANS

The Bank is actively attracting capital by expanding its relations with international counterparties. EDB obtained its first US $150 million syndicated loan in December 2006. Following this the Bank obtained two more syndicated loans and five bilateral loans. The total raised through these transactions was US $1 billion.

In addition EDB is actively developing trade financing operations and has entered into a number of agreements with international banks in order to be able to offer financing insured by international export credit agencies. In March 2011 the EDB joined the ranks of leading international financial institutions by signing a framework cooperation agreement with the International Finance Corporation (IFC) and other international institutions such as the Development Bank of Austria (OeEB), the Arab Petroleum Investments Corporation (APICORP), the Belgian Investment Company for Developing Countries (BIO), the Development Bank of Japan (DBJ), the Islamic Corporation for the Development of the Private Sector (ICD), the Overseas Private Investment Corporation (OPIC), the German Investment and Development Company (DEG), the Dutch Development Bank (FMO), the OPEC Fund for International Development (OFID), the French Investment and Promotion Company for Economic Cooperation (Proparco), Export Development Canada (EDC), and the Black Sea Trade and Development Bank (BSTDB).

Such agreements will allow EDB to finance projects jointly with other international financial organizations.


We use cookies to take account of your preferences and improve your experience on our website. We assume that by continuing to use our website you agree with our use of cookies. You can always configure your Internet browser to refuse to have cookies saved by our website.

Yes More