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Chinese Development Bank to Fund Basis Bank with 15 mln USD

Chinese Development Bank to Fund Basis Bank with 15 mln USD

Basis Bank announced on attraction of 15 million USD from Chinese Development Bank.

The sum will be directed on the funding of small and middle –sized enterprises.

This is the second case of cooperation between the parties; Basis Bank has attracted 5 million USD from Chinese Bank in February, 2016. The purpose of the line was to finance international trade operations.

“Basis Bank is some kind of cooperation bridge between China and Georgia and reliable partner of Chinese Development Bank”, – Gau Daiog, representative of Chinese Development Bank declares.