BSTDB finances the expansion program of a major Ukrainian petroleum distribution company

News | 02-Apr-2018

The Black Sea Trade and Development Bank (BSTDB) has provided a USD 20 million loan to Concern Galnaftogaz, a leading Ukrainian petroleum retailer company. 
The 7-year loan will help expand and upgrade Company’s network of gas filling stations and meet its working capital needs.
 
The Operation will generate new jobs and increased tax revenues in the country and will have a solid regional cooperation impact from servicing regional transportation flows.  
 
BSTDB and Galnaftogaz established their partnership in 2004.  Since then, the Bank has provided USD 87 million to Galnaftogaz, contributing to a notable growth of Company’s business.