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2017 July 24   10:56

EBRD signed loan agreement with NIBULON totaling USD 90 million

The European Bank for Reconstruction and Development signed an agreement on the extension of a USD 90 million syndicated loan to NIBULON.

NIBULON says the investments will be used to finance trade and export activities and provide for 2 stages of lending: the EBRD provides USD 19 million for its own account, and USD 71 million will be syndicated through commercial partner banks. This agreement continues the successful cooperation between NIBULON and the EBRD started in 2010.

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