Update on the Capital Increase Process

Press Release | 18-Sep-2023

Further to the Press Release issued on 6 July 2023, after the Annual Meeting of the Board of Governors, the Black Sea Trade and Development Bank (BSTDB) wishes to update all stakeholders that there has been no decision on the finalization of the capital increase process. Discussions are currently ongoing at the governmental level of Member States. Work continues to be actively undertaken to reach a resolution, updates shall be provided as and when appropriate.

The BSTDB remains committed to its mission of fostering economic development and promoting regional cooperation among its Member States.