ForteBank raises $60 mln from European Bank for Reconstruction and Development for lending to businesses

30.12.19 11:04
/KASE, December 30, 2019/ – ForteBank (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated December 30, 2019: quote ForteBank took part in the program of funding micro-, small-, and medium-sized businesses by raising funds from the EBRD. This program will help the bank to more actively lend to Kazakhstan's businesses on more favorable terms. The general funding package includes a 3-year loan in the equivalent of USD50 mln for funding businesses and an equivalent of USD10 mln for developing women's businesses. The respective agreements were signed on December 27, 2019 in the HQ of ForteBank. unquote The full press release is available on KASE website – [2019-12-30]