BSTDB Concludes the 2018 Annual Meeting in Russia

Event | 01-Jul-2018

On 1 July 2018, the Board of Governors of the Black Sea Trade and Development Bank (BSTDB) held its 20th Annual Meeting under the Chairmanship of Mr. Sergey Storchak, BSTDB Governor for Russia and Deputy Minister of Finance of the Russian Federation.

The Board of Governors approved the Bank’s Annual Report and financial statements. The Bank maintained profitability for the thirteenth consecutive year, while its operating income reached a record EUR 38.4 million. In 2017, the Board of Directors approved EUR 525 million in 27 new operations, showing an increase of 21% over the previous year. Signed operations increased by over 7% over 2016 figures.

The Board elected the Governor for the Republic of Türkiye as Chairman of the Board of Governors. The Governors for Ukraine and for the Republic of Albania were elected as Deputy Chairs, for a period of one year. Türkiye will host the next BSTDB Annual Meeting in June 2019.

BSTDB Board Members and Management at the Annual Meeting 2018

<p>BSTDB observers and guests at the Annual Meeting in Sochi</p>

<p>Sergey Storchak chairing the Board of Governors opens the Annual Meeting</p>

<p>Sergey Goncharenko, Deputy Secretary General of BSEC PERMIS addresses the Board</p>

<p>PABSEC Secretary General Asaf Hajiyev addresses the Board</p>

<p>BSTDB Head of Delegation for Albania Gelardina Prodani at the Annual Meeting</p>

<p>BSTDB Alternative Governor for Armenia Andranik Grigoryan addresses the Board</p>

<p>BSTDB Governor for Azerbaijan Samir Sharifov addresses the Board</p>

<p>BSTDB Director Nikola Sherletov and Governor Marinela Petrova for Bulgaria at the Annual Meeting</p>

<p>BSTDB Head of Delegation for Greece Ilias Xanthakos and Alternate Director Margarita Antoniou at the Annual Meeting</p>

<p>BSTDB Head of Delegation for Romania Boni Cucu and Director Diana Blindu at the Annual Meeting</p>

<p>BSTDB Head of Delegation Evgeny Stanislavov addresses the Board</p>

<p>BSTDB Head of Delegation Raci Kaya addresses the Board</p>

<p>BSTDB President Delikanli's closing remarks</p>

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