The Black Sea Trade and Development Bank (BSTDB) is going to increase credit portfolio for Georgia and open its branch in Tbilisi.

This was stated in Tbilisi, June 28 at the meeting of the president of the National Bank of Georgia (NBG), Roman Gotsiridze, and the BSTDB delegation headed by vice president Mikhail Zhirnov.

As Prime News was told in the NBG, the BSTDB is drafting a long-term business plan based on which the bank’s credit portfolio in Georgia will be increased.

The Black Sea Trade and Development Bank has financed several projects in Georgia in the total amount of $ 40 million. BSTDB has opened credit lines for some Georgian commercial banks and invested $ 8 million into the realization of the project for the reconstruction of the Poti Oil Terminal.