$2 million credit agreement signed between UniBank and EBRD

As APA reports, EBRD awarded $1,5 million credit line to UniBank for small enterprising finance in 2002 the amount of which was doubled in 2003. In addition, the Bank is in receipt of a trade finance credit line from the EBRD; this facility equals $1,5 million.

Moreover, the EBRD awarded UniBank $5 million loan syndicate for local financial system; the share of the EBRD in the syndication equaled $1,5 million. In 2005, the EBRD loaned UniBank a co-finance credit line (towards co-financing major projects costing over $1 million) in the total amount of $5 million. UniBank was anticipating investment of $5 million of its own funds in the format of this project.

The EBRD is one of the UniBank shareholders since 2003.