Alexbank signs USD 100 mn agreement with EBRD to finance SMEs

Alexbank lands USD 100 mn EBRD loan for SME finance: Alexbank has signed a cooperation agreement worth USD 100 mn with the European Bank for Reconstruction and Development (EBRD) to finance SMEs, the local press reports. Under the agreement, the EBRD will provide USD 50 mn in funding for SMEs, including an assistance package that will provide businesses with training and workshops. The remaining half of the loan will be disbursed under the EBRD's Trade Facilitation Programwhich aims to boost foreign trade between EBRD countries by underwriting international trade transactions made by banks.