AVOID CONFUSION: Black Sea Trade & Development Bank is NOT Black Sea Bank for Reconstruction & Development in Simferopol, Crimea

Date: 19-Jul-2017

It has come to our attention recently that there is a possibility of initial confusion due to the similarity of names, between our Institution and a completely unrelated one. For the avoidance of any doubt, please note that the Black Sea Trade and Development Bank (BSTDB) is a Multilateral Developmental Institution, comprising the eleven Sovereign Member States of the Black Sea region, whose establishing international agreement is registered with the United Nations, and headquartered in Thessaloniki, Greece pursuant to the intergovernmental treaty of its Headquarters Agreement, and is completely unrelated and in no way affiliated nor has any dealings with the “Black Sea Bank for Reconstruction and Development (ChBRR, in Russian - ЧБРР)” based in Simferopol, Crimea. BSTDB is rated A2 by Moody's and A- by Standard and Poor's and is the best-rated institution in the Black Sea region.