OREANDA-NEWS. On November 24, 2008 Kreditprombank effected a planned repayment in the amount of USD 10 million within a loan agreement with Black Sea Trade and Development Bank (BSTDB). The loan was used for financing of export operations of one of the largest Ukrainian enterprises, reported the press-centre of Kreditprombank.

As a reminder, Kreditprombank signed the first loan agreement with BSTDB on 17th of November, 2007. In this way the Bank expanded its co-operation with international financial organizations. Kreditprom works with a whole number of international financial institutions, except for BSTDB the Bank for many years has been a partner of the European Bank for Reconstruction and Development, the World Bank, DEG.

Under the abovementioned agreement with BSTDB, Kreditprombank uses a credit line in the amount of USD 10 million during five years on a revolving basis. The loan agreement envisages provision of export and import financing, including transactions between the countries of the Black Sea basin.