Oschad increased the volume of trade finance transactions with the participation of the EBRD almost four times

During the year, Oschadbank achieved a significant increase in the volume of trade finance transactions for large corporate clients under the EBRD Trade Facilitation Program (TFP). This was made possible, among other things, by the largest trade finance transaction of the year, implemented in late June jointly with the EBRD and the Swiss bank BCP.

Oschad provided structured trade finance in the amount of USD 15 million for a period of 3 years to one of its large corporate clients. For the entire amount of the open limit, 3 letters of credit with post-import financing were issued.

“Trade finance is one of the focus products that Oschad offers to large corporate business clients focused on export-import operations. Since the beginning of 2024, our trade finance portfolio has already increased by more than 1.6 times,” said Yuriy Katsion, Deputy Chairman of the Management Board of Oschadbank in charge of corporate business.

The signed agreement is one of the examples of deepening cooperation with the European Bank for Reconstruction and Development aimed at supporting the country's economic potential. Between June 2023 and June 2024, the volume of trade finance transactions for large corporate clients carried out by Oschad under the EBRD Trade Facilitation Program (TFP) increased almost fourfold.