BSTDB Addresses the 66th PABSEC General Assembly
News | 24-Nov-2025
President Showcases Key Institutional Milestones and Strong Regional Performance
The President of the Black Sea Trade and Development Bank, Dr. Serhat Köksal, and a Bank delegation participated in the 66th General Assembly of the Parliamentary Assembly of the Black Sea Economic Cooperation (PABSEC), held in Sofia. The General Assembly was hosted by Ms. Raya Nazaryan, President of the National Assembly of the Republic of Bulgaria.
Addressing parliamentarians from across the region, President Köksal highlighted major institutional progress and robust regional activity. He also underlined the importance of strong parliamentary engagement and presented a landmark development for the Bank, namely the relocation to BSTDB’s new sustainable Headquarters in Thessaloniki, designed according to high environmental and energy-efficiency standards. He also informed the parliamentarians about the Bank’s new modernised corporate identity.
The President also reported solid operational performance, with 25 new projects approved since the beginning of the year, amounting to EUR 555 million. These investments support key sectors across member states, including renewable energy, infrastructure, manufacturing, agriculture, and SME development.
“BSTDB remains fully committed to advancing sustainable development and deepening regional economic cooperation. Our new corporate identity and our environmentally sustainable Headquarters mark a new era for the Bank—one of greater visibility, stronger partnerships, and enhanced delivery. With the continued support of our member states and their parliaments, we will keep expanding our impact, strengthening private-sector growth, and promoting stability and prosperity across the Black Sea region.” Dr. Serhat Köksal said.
Dr. Köksal expressed appreciation to the Bulgarian National Assembly and PABSEC for their warm hospitality and excellent organisation of the General Assembly.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.
Contact: Haroula Christodoulou
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