The first important step in the bank’s history was the establishment of strategic partnership with European Bank for Reconstruction and Development in 2007. EBRD extended $6 million credit line to Basisbank for the financing of small and medium businesses. To deepen the partnership, EBRD acquired 15% of BasisBank stakes in 2008. Another very important and positive result of partnership with this institution was that EBRD granted half a million Euros for the formation, development and strengthening of the bank’s corporate governance principles, strategy, operations and internal procedures.
In addition, Trade Facilitation Program (TFP) which promotes foreign trade was approved by EBRD for BasisBank in the amount of 2 million USD.