BSTDB Supports High-Tech Industry in Greece
Press Release | 23-Nov-2015
The Black Sea Trade and Development Bank (BSTDB) will extend a EUR 3 million secured loan to help MLS Multimedia S.A. (Greece) to implement its business plan for the period of 2015-2019. The maturity of the loan is five years.
BSTDB’s financing will support the diversification of the Greek economy by investing in the development of the private company specializing in the high technology sector. MLS Multimedia is active in research, development, manufacturing and trade of a variety of information technology products, including smartphones and tablets, navigation systems and educational multimedia products.
“We are happy to assist MLS Multimedia, a Thessaloniki-based high-tech company to reach their business growth objectives. The Company employs young professionals at the time when unemployment among young Greeks is particularly high. Our financing will create new jobs in this promising sector, where the potential of Greek economy is yet to be realized. The operation’s development impact is of prime importance for us as a development bank” said Ihsan Delikanli, BSTDB President.
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MLS Multimedia SA is an ICT company founded in October 1989 in Thessaloniki, Greece, listed on the Athens Stock Exchange since 2001. The company develops interactive media technology with a focus on research and development and is a leader in the Greek market in navigation systems and tablets, and an increasing market share in smartphones. In 2014, the turnover increased to EUR 14.4 million, with the gross profit of EUR 5.2 million. See more information at www.mls.gr
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. BSTDB is rated long-term “A-” by Standard and Poor’s and “A3” by Moody’s. For more information, visit www.bstdb.org
Press contact:
Haroula Christodoulou
Phone: +30 2310 290533
E-mail: cchristodoulou@bstdb.org