URSA Bank carries out trade financing transaction

URSA Bank has recently completed a $5.5m trade financing transaction. The money was obtained from the European Bank for Reconstruction and Development for Delrus, one of the major players on Russia’s medical equipment market.

The transaction was carried out within the framework of the European Bank for Reconstruction and Development’s Trade Facilitation Programme (TFP). URSA Bank has been cooperating with the EBRD since October 2005. This particular loan will be used for buying medical equipment.

In fact, URSA Bank also received $2.5m for a two-year period in June 2008 to finance the import of medical equipment for Delrus.