OREANDA-NEWS. December 28, 2010. Eurasian Development Bank (EDB) signed on December 24 a frame agreement with  BPS-Bank on providing a revolving purpose loan facility for financing of export-import trading transactions of BPS-Bank's customers. The agreement is made for 24 months, the volume of the loan facility equals to USD25 m.

According to the agreement's terms and conditions, 80% of the funds provided must be directed to financing of trade between Belarus and other EDB-members. This is already the second deal in a row with BPS-Bank this month: on December 7, EDB signed with its Belarusian counterparts a USD25 m loan agreement to finance small and medium-sized businesses in the Republic of Belarus.

"We consider the trade finance as an effective tool of integration, as a strong power source for mutual trade, - says D. Krasilnikov, Managing Director for Corporate Finance, Member of EDB Board. - Financing of export-import operations has a benign impact on the development of corporate and partnership relations  between EDB-members, which, in turn, creates pre-requisites for establishing  joint-ventures".