Izmail Sea Commercial Port Raised USD 1 Billion Credit Facility from FUIB

Izmail Sea Commercial Port (Odessa Region) raised from one of the largest banks in Ukraine First Ukrainian International Bank (FUIB) the revolving credit facility of USD 1 million.

This is what the announcement by the port says.

Lending period – up to 1 year.

Contract value is USD 99 thousand (net of VAT).

Date of the contract – 6 July.

As reported by the agency, in 2011 Izmail Sea Port cut the cargo handling by 25.4% or 1.68 million tonnes to 4.951 million tonnes year-over-year.

Izmail Sea Commercial Port is situated on the left bank of the Kiliyskoe Ghirlo (Kiliya Mouth) of the Danube River between the 92^nd and 94^th km, it is the intersection of important trade routes between the Mediterranean, Middle East, South Africa and Danube European countries and the CIS member countries.

Source: IA “Ukrainskiye Novosti”