Press Releases

BSTDB Supports Agriculture in Moldova


27-Jul-2017

The Black Sea Trade and Development Bank (BSTDB) will contribute USD 30 million to a Pre-Export Finance Facility to Trans-Oil Group, a leading agricultural commodities trader and sunflower oil producer in Moldova.

 

The BSTDB financing is part of a USD 170 million syndicated loan arranged by Societe Generale, Zurich Branch with the participation of Arab Bank Ltd, FMO, Banque Cantonale Vaudoise, Fimbank p.l.c. and UniCredit Bank AG.

 

The proceeds of the loan will be used to finance the Group’s seasonal working capital needs associated with origination, primary processing, storage and transportation of agricultural commodities sourced in Moldova and their subsequent export to other countries.

 

“The importance of this operation for BSTDB as a regional development institution is stemming from its multiple development impact on growth, exports and employment, and from the strategic position of the agricultural sector for Moldova. We are happy to join forces with other international lenders supporting the well-managed market leader”, stated Ihsan Ugur Delikanli, BSTDB President after the signing.

 

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Trans-Oil Group started its grain and agro trading activities in the Black Sea region in 1996, when the company’s founders launched agro business activities in the Republic of Moldova and Ukraine.


Trans-Oil is a market leader in the origination and trading of grains and oilseeds in the Black Sea region. The company has developed into a group with an impressive global network of clients, specifically focusing in regions of Europe, Southern Mediterranean, Turkey, and North/West Africa which still constitute the Group’s main sales destinations today.

 

The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, 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. BSTDB is rated long-term “A-” by Standard and Poor’s and “A2” by Moody’s. For information on BSTDB, visit www.bstdb.org.

 

Press contact:
Haroula Christodoulou
Phone: +30 2310 290533
E-mail: cchristodoulou@bstdb.org