The European Bank for Reconstruction and Development (EBRD) has
extended a €10 million loan to the Belariusian Minsk Transit Bank
over five years, with the money to be used for lending through
asset finance to small and medium sized businesses.
MTB is one of six banks in Belarus partnered with EBRD, and was
the 11th largest bank in the country at the end of 2008.
The EBRD has previously offered finance for mortgage and equity
lending in Belarus, but this funding deal marks the first time that
the framework has been extended to a leasing firm.