Government approves EUR 50mln loan by EBRD for Oschadbank

Government approves EUR 50mln loan by EBRD for Oschadbank

The government has issued a decree ordering state owned Oschadbank to nod through EBRD

The memorandum and the action plan for Oschadbank will help the bank to join the ERBD program for trade support. The EBRD agreed to provide financing back in 4 October 2016. The major issues concerned are related to objectives of transformation of the state owned bank and its further actions in crediting. Oschadbank has to negotiate and go through external auditing in the frames of receiving the facility.

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