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Who we are


The Black Sea Trade and Development Bank (BSTDB), an international financial institution with headquarters in Thessaloniki, Greece, was established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. BSTDB started operations in June 1999 and has authorized capital of €3.45 billion. The Bank supports economic development and regional cooperation in the Black Sea Region through trade and project finance lending, guarantees, and equity participation in private enterprises and public entities in the member countries. BSTDB is rated A-/A-2 by Standard & Poor’s, and A2/P1 by Moody's.

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News and Events


14 Feb 2019BSTDB and STLC Will Cooperate in Constructing Modern Coal Transshipment Complex
14 Feb 2019EBRD and BSTDB finance new solar plant in Ukraine
14 Feb 2019BSTDB and InfraVEB Agreed to Jointly Promote Investment Projects in Russia
09 Feb 2019BSTDB Adopts Strategy for 2019-2022
30 Jan 2019Disclosure of environmental and social information related to Istanbul Waste Incinerator and Energy Generation Project
21 Jan 2019BSTDB and TKYB Join Forces to Support SME Sector Development in Turkey
16 Jan 2019Disclosure of environmental and social information related to Lavna Terminal in Russian Federation
08 Jan 2019Public disclosure of Efeler Geothermal Power Plant Extension

Annual Report 2017

Financial Statements for 2017

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