New BSTDB President Assumes Duties

Press Release | 16-Jul-2014

Following a proposal by the Government of the Republic of Türkiye, the BSTDB Board of Governors appointed Mr. Ihsan Uğur Delikanli as President of the Black Sea Trade and Development Bank for a period of four years starting on July 16, 2014. Mr. Delikanli is replacing Mr. Andrey Kondakov, who has run the Bank since July 2010.

Mr. Delikanli started his professional career in the financial sector as a Sworn Banks Auditor at the Undersecretariat of Treasury of the Republic of Türkiye in 1992. In 2005 he became Head of the Regulations Department in the Banking Regulation and Supervision Agency of Türkiye, and in 2009 he was appointed Vice President. In 2012 Mr. Delikanli moved to the private sector as Executive Vice President of Aktif Bank, a Turkish investment bank.

Mr. Delikanli has an MBA in Financial Management from the University of Exeter, United Kingdom, and a PhD degree in accounting and finance. 

During his career, Mr. Delikanli has been a member of the Turkish Accounting Standards Board and of the Tax Council. He also served as representative of the Republic of Türkiye at Basel Banking Supervision Committee between 2009 - 2012.

Mr. Delikanli is an author of a number of publications in the field of banking and finance. 

Mr. Delikanli is married and has two children.

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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 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). BSTDB is rated long-term “A-” by Standard and Poor’s and “A2” by Moody’s. For information on BSTDB, visit www.bstdb.org.

Press contact:

Haroula Christodoulou

Phone: +30 2310 290533

E-mail: cchristodoulou@bstdb.org