BSTDB Adopts Strategy for 2019-2022
Press Release | 09-Feb-2019
At a Special Meeting held today, the BSTDB Board of Governors discussed and approved the Bank’s Medium-Term Strategy and Business Plan for the period of 2019-2022. The meeting was chaired by Bülent Aksu, Deputy Minister of Treasury and Finance, and BSTDB Governor for the Republic of Türkiye.
The Strategy is set to significantly increase the Bank’s capacity in the changing economic and business setting through greater involvement in infrastructure development and public sector operations, direct trade financing, and other sectors with high development impact.
Introducing the draft Strategy to the Board, Dmitry Pankin, BSTDB President, said: “We strongly believe that now is the time to build upon Bank’s established credibility to grow the institution and enhance the degree to which it delivers on its dual mandate of regional cooperation and economic development. This is an ambitious growth oriented strategy, which aims to expand the Bank’s role in promoting regional prosperity and to increase its value and significance to stakeholders.”
Bülent Aksu, Chairman of the Board of Governors, commented after the strategy’s approval: “Despite the challenging operating environment, BSTDB has displayed an outstanding performance towards becoming a globally recognized bank. Today, the shareholders reaffirmed their trust for the Bank by approving the new strategic targets for the period of 2019-2022. I am confident that our Bank will achieve these targets.”
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