> Daily news > URSA Bank and EBRD sign credit line agreement

URSA Bank and EBRD sign credit line agreement


26.05.2008. : public
URSA Bank and the European Bank for Reconstruction and Development signed a revolving credit line agreement as part of their trade financing program. The agreement was signed during the European Bank for Reconstruction and Developments annual meeting that was held in Kiev on May 18-19, 2008, the banks press officer reports.


Based on this new contract, URSA Bank can get at least 60 million RUR (to be returned within five years time) to finance trade fixtures. The bank has already had a few similar agreements before, but this is their only agreement with the European Bank for Reconstruction and Development that allows for such a long loan period.