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BSTDB at a glance

The Black Sea Trade & Development Bank is an international financial institution with supranational status and a mandate to foster economic growth and regional cooperation amongst its Member States in the Black Sea Region.

A2 / P1 / Stable
Moodys logo
A- / A2 / Positive
Starndars & Poors logo
  • Target Borrowers & Projects

    • Public and private companies with operations in one or more of the Member States.
    • Transaction benefits Member State/s and has develop. impact.
    • Economically sustainable / financially viable so Bank participation will be profitable and the undertaking will prove sustainable beyond BSTDB’s involvement
  • Products & Services

    • Lending: Short to long-term loans, typically extended in USD or EUR
    • Guarantees
    • Trade Finance: Firms importing from Member States and regional exporters
    • Co-financing
    • SME’s: Financing through credit lines to local financial intermediaries
    • Bank equity / funds: Equity investments, looks to take stake of 5-25%
  • Priority Sectors

    • Energy
    • Public utilities
    • Environ. protection
    • Telecoms
    • Financial institutions
    • Manufacturing
    • Transport
    • Municipal Services
    • SME’s and Trade Finance
  • Starndars & Poors logo

    “The ratings are based on our assessments of Black Sea Trade and Development Bank's (BSTDB's) very strong financial and moderate enterprise risk profiles. The bank's financial strength continues to underpin the ratings.”
    S&P Rating Services. Research Update: Black Sea Trade and Development Bank, August 11th , 2020

  • Moodys logo

    “Black Sea Trade and Development Bank's (BSTDB, A2 stable) credit profile is supported by its strong capital base and the strong commitment of its shareholders to support the bank”
    Moody’s Investors Service. Credit Opinion: Black Sea Trade and Development Bank, April 6th , 2021

Historical Portfolio Development (€ millions)

Financial Statements Summary (€ 000’s)

YEAR END 2017 2018 2019 2020
Assets 1,514,926 1,795,767 2,343,437 2,807,713
Liquid Assets 373,729 443,933 501,097 722,289
Loan Portfolio 1,135,081 1,330,695 1,820,941 2,042,921
Other Assets (Net) 6,116 21,139 25,949 42,503
Liabilities 756,256 994,167 1,517,578 1,965,311
Borrowings 722,592 954,030 1,496,807 1,901,714
Other Liabilities 33,664 40,137 20,771 63,597
Members Equity 758,670 801,600 830,409 843,708
Income 80,459 79,615 94,260 98,501
Interest 69,805 78,817 93,969 97,856
Other 10,654 898 291 645
Expenses 71,804 74,439 80,597 104,395
Interest 42,037 37,974 53,274 61,048
Administrative 19,741 21,175 21,517 20,783

BSTDB Capital Structure (EUR 000’s)

Authorised Capital 3,450,000
Subscribed Share Capital 2,288,500
Paid In Share Capital 686,550
Reserves and Retained Earnings 157,158
Total Members Equity 843,708

Member States Capital Share

Outstanding Loan Portfolio by Country

Loan Portfolio by end user Sector

Information from 31st December 2020 Financial Statements