Mgaloblishvili Kipiani Dzidziguri (MKD) acts as legal counsel to the Black Sea Trade and Development Bank on providing SME facility to KSB Bank

November 16, 2015
Mgaloblishvili Kipiani Dzidziguri (MKD) law firm has advised the Black Sea Trade and Development Bank (BSTDB) on the provision of a US$5 million SME facility to KSB Bank of Georgia.

This three-year loan was issued to support small- and medium-sized enterprises (SMEs) in Georgia by facilitating access to financing for industrial, agricultural and service-related SMEs. 

For the BSTDB, supporting Georgian SMEs as the backbone of a market economy is expected to facilitate Georgia’s trade transactions in the Black Sea region and bolster the country’s economic growth. 

The MKD team on this transaction was led by partner Victor Kipiani, with the assistance of lawyer Giorgi Kankava.

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