OREANDA-NEWS. August 28, 2013. The European Bank for Reconstruction and Development (EBRD) increased the TFP Facility limit for LOCKO-Bank by USD 10 million to an overall limit totalling USD 115 million. The EBRD’s decision to increase the limit will further contribute to the Bank’s success in financing the foreign trade operations of its clients.

A TFP Issuing Bank Agreement with an initial limit of USD 10 million was signed between LOCKO-Bank and the EBRD in September 2005. Since then the facility has been increased several times to support the constantly growing trade finance business of the Bank. As part of TFP Programme, a Revolving Credit Agreement in Russian Roubles was signed in May 2008 for refinancing of foreign trade loans in Russian Roubles.

The EBRD named LOCKO-Bank the “Most active Issuing Bank in Russia in Short-term trade finance in 2009”, the “Most active Issuing bank in Financing Trade with Taiwan in 2010” and the “Most Active Issuing Bank in Russian Federation in 2012.”