On 21 May 2019, the European Bank for Reconstruction and Development and Optima Bank signed risk participation agreements in the aggregate amount up to USD 20 million. According to these agreements, EBRD will share the risks of up to 50 percent for some loans issued by Optima Bank. Borrowers under the agreements will also have the opportunity to use various technical cooperation programs to familiarize themselves with the best practices of international and local experts.
Nurlan Kyshtobaev, Partner of Bishkek office of GRATA International, took part in the signing ceremony of the agreements. GRATA International acted as a local legal counsel to EBRD on this project.
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