BSTDB Builds Up Support for Georgian SMEs

The Black Sea Trade and Development  Bank (BSTDB) extends a USD 5 million SME Facility to KSB Bank of Georgia  for the support of small and medium-sized enterprises (SMEs), a key business segment of the Georgian economy. The proceeds of the three-year loan will facilitate access to finance for industrial, agricultural and service-related SMEs. The operation builds up on the successful partnership between BSTDB and KSB Bank that started in 2012.