BSTDB held its 11th Annual Meeting of the Board of Governors

News | 14-Jun-2009

On 14 June 2009, the Board of Governors of BSTDB held its 11th Annual Meeting in Thessaloniki under the Chairmanship of Mr. Konstantinos Kollias, BSTDB Alternate Governor for the Hellenic Republic.

The Board approved the financial statements of the Bank for 2008, showing a 44% increase of net profit amounted to SDR 13.1 million (appx. USD 20 million).

The Board approved the application for Observer Status with BSTDB by the International Investment Bank (based in Moscow), which became the 6th BSTDB Observer Institution.

The Board elected Mr. Ibrahim Canakci, BSTDB Governor for Türkiye as the new Chairman of the Board of Governors for the period until the next Annual Meeting of the Board. Governors for Armenia and Bulgaria were elected Deputy Chairmen of the Board. The next BSTDB Annual Meeting was decided to take place in Istanbul on 6 June 2010.