OREANDA-NEWS. December 12, 2011. Black Sea Trade and Development Bank and TuranBank have signed a credit agreement for trade financing facility in amount of USD 4 million.

The report from TuranBank says that as a result of negotiations with TuranBank Black Sea Trade and Development Bank allocated a trade financing facility for USD 4 million.

Funding will be used to increase trade turnover among member countries of the Black Sea Economic Cooperation.

The Bank has been cooperating with international financial institutions since 1995.  At present the Bank cooperates within various financing projects with International Finance Corporation (IFC, World Bank Group), Islamic Corporation for the Development (ICD), International Islamic Trade Financing Corporation (ITFC, IDB Group), International Finance Corporation (IFC), International Fund for Agricultural Development (IFAD), International Development Association (IDA, World Bank Group), WBC (USA), OPIC (USA), BCP (Switzerland), Bank Asya (Turkey), ZiraatBank (Turkey), ShekerBank (Turkey), MicroVest (USA), Bank im Bistum Essen (Germany)  and others.