New BSTDB Vice President Finance Assumed Duties

Press Release | 20-Sep-2010

Following a proposal of the Government of Romania, the BSTDB Board of Directors appointed Ms.Valentina Siclovan Vice President Finance of the Bank as of September 16, 2010 for a period of 4 years.

After graduating the Academy of Economic Studies of Bucharest, Ms. Siclovan started her career holding financial positions in different companies.  In 1992 she joined the Ministry of Public Finance of Romania and after taking progressively responsible managerial positions, in 2000 became Deputy Minister in charge of the preparation and implementation of the state budget. She was also responsible for the financial policy issues of the Romanian accession to the EU. In 1996-2000, she was representing Romania in the Board of Directors of the Black Sea Trade and Development Bank and the Council of Europe Development Bank.

In 2001-2007 she served two consecutive terms at BSTDB as Vice President Banking and Vice President Operations being responsible for developing the Bank’s operations portfolio and strategies.  In 2008 she joined Gaz de France Suez in Romania as Vice-President, Business Development & Strategy, being responsible for the coordination of project development in South East Europe (ex-Yugolsav countries, Albania, Bulgaria, Romania, Greece and Türkiye).

Ms. Siclovan has a Master’s Degree in Finance and Administration from the Universite Paris- Dauphine.

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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 is 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 recently increased authorized capital of the Bank is SDR 3 billion (approx. USD 4,5 billion). BSTDB is rated Long Term Baa1 with positive outlook and Short Term P2 by Moody’s.

Press Contact

Haroula Christodoulou

Tel: +30 2310 290533

Email: cchristodoulou@bstdb.org