BAKU, Azerbaijan, April 14. The Black Sea Trade
and Development Bank (BSTDB) has announced a new partnership with
Basisbank to support small and medium-sized enterprises (SMEs) and
green investments in Georgia, Trend reports via the BSTDB.
Under a $25 million financing facility, BSTDB will channel funds
through Basisbank to expand access to credit for local SMEs and to
finance environmentally sustainable projects, aiming to support
both entrepreneurship and the country’s green transition.
The initiative is aligned with BSTDB’s SME and climate
strategies and is designed to stimulate innovation, improve
competitiveness and strengthen long-term economic resilience in
Georgia.
BSTDB President Dr. Serhat Köksal said the partnership reflects
the bank’s commitment to delivering tangible economic impact by
working with strong local financial institutions.
“Empowering SMEs and advancing green transformation are at the
heart of BSTDB’s mission,” he said, adding that cooperation with
Basisbank would help businesses grow, innovate and contribute to a
more sustainable future.
Basisbank General Director David Tsaava said the agreement would
enhance the bank’s ability to support Georgian SMEs and finance
environmentally responsible investments, contributing to more
sustainable economic growth.
BSTDB said it remains focused on expanding cooperation with
financial institutions across the Black Sea region to promote
investment, sustainability and long-term economic development.
