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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.

Moodys logo
Baa1/ P2/ Negative
Starndars & Poors logo
A- / A-2 / Negative
ACRA logo
A+ / AAA(RU) / Stable
SCOPE logo
A- / S-1 / Negative
*(Unsolicited)

  • 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

Historical Portfolio Development (€ millions)

Financial Statements Summary (€ 000’s)

YEAR END 2018 2019 2020 2021
Assets 1,795,767 2,343,437 2,809,019 3,232,882
Liquid Assets 443,933 501,097 722,289 888,444
Loan Portfolio 1,330,695 1,820,941 2,042,921 2,344,438
Other Assets (Net) 21,139 25,949 43,809 -
Liabilities 994,167 1,517,578 1,965,311 2,347,160
Borrowings 954,030 1,496,807 1,901,714 2,274,160
Other Liabilities 40,137 20,771 63,597 73,000
Members Equity 801,600 830,409 843,708 885,722
Income 79,615 94,260 103,791 114,645
Interest 78,817 93,969 97,856 105,171
Other 898 291 5,935 9,474
Expenses 74,439 80,597 89,534 79,896
Interest 37,974 53,274 61,048 58,492
Administrative 21,175 21,517 20,783 21,404

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 100,312
Total Members Equity 885,722

Member States Capital Share

Outstanding Loan Portfolio by Country

Loan Portfolio by end user Sector

Source: Information from YE 2021 Financial Statements.
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