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

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.