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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.
*(Unsolicited)
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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
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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%
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Priority Sectors
- Energy
- Public utilities
- Environ. protection
- Telecoms
- Financial institutions
- Manufacturing
- Transport
- Municipal Services
- SME’s and Trade Finance
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"The upgrade reflects the institution’s confirmed policy relevance, illustrated by solid loan book growth over the past three years and a recent decision from shareholders to inject capital. BSTDB benefits from a resilient and very strong financial risk profile, and it has weathered the financial repercussions of the pandemic with only a mild impact on asset quality.”
S&P Rating Services. Research Update: Black Sea Trade and Development Bank, November 25th, 2021
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“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 | 2018 | 2019 | 2020 | 1H 2021 |
|---|---|---|---|---|
| Assets | 1,795,767 | 2,343,437 | 2,809,019 | 3,414,249 |
| Liquid Assets | 443,933 | 501,097 | 722,289 | 1,234,016 |
| Loan Portfolio | 1,330,695 | 1,820,941 | 2,042,921 | 2,030,396 |
| Other Assets (Net) | 21,139 | 25,949 | 43,809 | 152,837 |
| Liabilities | 994,167 | 1,517,578 | 1,965,311 | 2,546,980 |
| Borrowings | 954,030 | 1,496,807 | 1,901,714 | 2,489,291 |
| Other Liabilities | 40,137 | 20,771 | 63,597 | 57,689 |
| Members Equity | 801,600 | 830,409 | 843,708 | 871,167 |
| Income | 79,615 | 94,260 | 103,791 | 55,790 |
| Interest | 78,817 | 93,969 | 97,856 | 54,177 |
| Other | 898 | 291 | 5,935 | 1,613 |
| Expenses | 74,439 | 80,597 | 89,534 | 21,835 |
| Interest | 37,974 | 53,274 | 61,048 | 31,873 |
| Administrative | 21,175 | 21,517 | 20,783 | 10,376 |
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 | 184,617 |
| Total Members Equity | 871,167 |