/who-we-are/bstdb-at-a-glance
Top Banner

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 BSTDB's extremely strong financial and moderate enterprise risk profiles. Although the bank's financial strength underpins the ratings, credit constraints stem from its policy role and the overall relevance of its funding contribution”
    S&P Rating Services. Research Update: Black Sea Trade and Development Bank, July17th, 2019

  • Moodys logo

    “The Black Sea Trade and Development Bank's (A2 stable) credit strengths include its robust capital base and low leverage, both of which have been strengthened by the doubling in subscribed capital over the last 10 years. In addition, the bank has a substantial stock of liquid assets and benefits from its shareholders' strong willingness but weak ability to support the institution.”
    Moody’s Annual Credit Analysis. 17th October 2019

Historical Portfolio Development (€ millions)

Financial Statements Summary (€ 000’s)

YEAR END 2017 2018 2019 1h 2020
Assets 1,514,926 1,795,767 2,343,437 2,473,695
Liquid Assets 373,729 443,933 502,447 484,249
Loan Portfolio 1,135,081 1,330,695 1,820,941 1,943,613
Other Assets (Net) 6,116 21,139 20,049 45,833
Liabilities 756,256 994,167 1,513,028 1,643,529
Borrowings 722,592 954,030 1.485,155 1,585,339
Other Liabilities 33,664 40,137 27,873 50,190
Members Equity 758,670 801,600 830,409 830,166
Income 80,459 79,615 94,260 53,649
Interest 69,805 78,817 93,969 52,566
Other 10,654 898 291 1,083
Expenses 71,804 74,439 80,597 49,289
Interest 42,037 37,974 53,274 31,634
Administrative 19,741 21,175 21,517 17,646

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 143,616
Total Members Equity 830,166

Member States Capital Share

Loan Portfolio by Country

Loan Portfolio by end user Sector

As of 30 June 2020