Who we are
The Black Sea Trade and Development Bank (BSTDB), an international financial institution with headquarters in Thessaloniki, Greece, was established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. BSTDB started operations in June 1999 and has authorized capital of €3.45 billion. The Bank supports economic development and regional cooperation in the Black Sea Region through trade and project finance lending, guarantees, and equity participation in private enterprises and public entities in the member countries. BSTDB is rated A-/A-2 by Standard & Poor’s, and A2/P1 by Moody's.
Supporting investors and companies in the 11 member countries
Mainly mid-term to long-term loans, equity investments and guarantees
Increased by governors to EUR 2.45 billion in Dec 2007- exclusively dedicated to the countries of the Black Sea Region.
To support SMEs and trade financing (mostly via local financial intermediaries)
BSTDB is rated “A-” by Standard and Poor’s and “A2” by Moody's
Combining resources of a developmental bank with the flexibility of a commercial institution