EBRD and BANK CASPIAN JSC (Kazakhstan) will sign up agreement on the Program of Financing on the security of Grain Receipts

/IRBIS, Natalya Khoroshevskaya, July 20, 04/ - BANK CASPIAN JSC (Almaty) has spread press-release, which says that on July 22 of 2004 official ceremony of signing of the Agreement on the Program of Trade Development Support between the countries and on the Program of Financing on the security of Grain Receipts between European Bank for Reconstruction and Development and BANK CASPIAN JSC will be held. Within the framework of the Agreement on the Program of Trade Development Support between the countries BANK CASPIAN JSC is given credit line at the rate of $5 m. for up to 1 year, on the Program of Financing on the security of Grain Receipts - $3 m. The bank intends to use the borrowed funds for trade financing of import- export contracts of clients, and also for financing of grain deals at most profitable rates for the bank's clients. [2004-07-20]