Russia to Host the BSTDB Annual Meeting Events
Press Release | 28-Jun-2018
The Black Sea Trade and Development Bank (BSTDB) will hold the Annual Meeting of the Board of Governors in Sochi (Russia) on Sunday, 1 July 2018, under the chairmanship of Mr. Sergey Storchak, Deputy Minister of Finance and BSTDB Governor for the Russian Federation.
The Board of Governors will review economic conditions and prospects for the global economy and the Black Sea region and will evaluate Bank’s operational development. The Board will also consider and approve the BSTDB Annual Report and Financial Statements for 2017.
On the occasion of the Annual Meeting, the Bank will host a Business Forum titled “BSTDB: Supporting Russia’s Growth and Regional Cooperation” on 2 July, 2018. At the Forum, the Bank will present its products and services, as well as technical assistance opportunities offered to Russian businesses, in particular in the country’s southern regions.
The Forum is organized under the auspices of the Ministry of Finance and the Administration of the Krasnodar region in close cooperation with the business association “Delovaya Rossiya” and the Chamber of Commerce and Industry of the Krasnodar region.
“With a cumulative portfolio exceeding EUR 1 billion, Russia has always been and remains among BSTDB’s largest borrowers” said BSTDB President Ihsan Delikanli. He added that “the Bank will continue to closely cooperate with the Government supporting the national economic and investment policy priorities and sustainable growth. The Bank has developed a solid pipeline of operations to secure its sustained presence in Russia in the coming years. We believe that the forthcoming BSTDB Business Forum in Sochi will provide a further boost to Bank’s activities in the country.”
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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. See more information at www.bstdb.org.
Press contact:
Haroula Christodoulou
Phone: +30 2310 290533
E-mail: cchristodoulou@bstdb.org
