EDB provides a $20m loan facility to Alfa Bank for trade finance

Region:

Europe

The Eurasian Development Bank (EDB) and Alfa Bank signed an agreement to finance foreign trade transactions of Alfa Bank's clients. The EDB will provide $20 million for five years, with the funds being used primarily in the EDB member states. Sub-loans may be extended for three to 12 months in the US dollars, euro, tenge or Russian roubles.

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