The Black Sea Trade and Development Bank (BSTDB) is stepping up its support for entrepreneurship and sustainable growth in Georgia with a new combined financing facility to Basisbank, further reinforcing its role as a catalyst for inclusive and green economic development in the region.

Under the approved facility of USD 25 million, BSTDB will channel fresh funding through Basisbank—a longstanding and trusted partner—to expand access to finance for small and medium-sized enterprises (SMEs) and environmentally responsible projects, unlocking growth opportunities while advancing climate-conscious investments.

Fully aligned with BSTDB’s SME Strategy and Climate Change Strategy, the facility is designed to empower businesses, stimulate innovation, and support the country’s transition toward a more sustainable and resilient economy. 

Commenting on the deal, BSTDB President Dr. Serhat Köksal said: “Empowering SMEs and advancing green transformation are at the heart of BSTDB’s mission. By joining forces with strong local partners like Basisbank, we are not only expanding access to finance but also enabling businesses to grow, innovate, and contribute to a more sustainable future. The new facility reflects our strong commitment to delivering tangible impact where it matters most.”

“We are delighted to continue and deepen our successful cooperation with BSTDB through this new financing package. The facility will help us provide greater support to Georgian SMEs and strengthen our efforts in financing environmentally responsible investments. We believe this partnership creates meaningful opportunities for businesses and contributes to more sustainable economic growth in Georgia.” – said David Tsaava, General Director of JSC Basisbank.

BSTDB remains committed to working closely with financial institutions across the Black Sea region to deliver impactful financing solutions that promote competitiveness, sustainability, and long-term economic resilience.

JSC Basisbank is the 3rd biggest bank in business finance and the 4th largest bank in retail services in Georgia. The bank provides industry expertise, top-notch banking, insurance, and leasing products and services across the country, establishing itself as one of the significant market players in Georgia. Its strong collaboration with partner international financial institutions gives Basisbank a distinct advantage as a trusted partner to many, highly rated international financial institutions, commercial banks and investment funds from all around the world including the Asian region. For more information, visit www.basisbank.ge

The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.