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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- / A2 / Negative
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 2019 2020 2021 2022H
Assets 2,343,437 2,809,019 3,225,109 2,958,116
Liquid Assets 501,097 722,289 890,671 703,166
Loan Portfolio 1,820,941 2,042,921 2,344,438 2,254,950
Other Assets (Net) 25,949 43,809 - -
Liabilities 1,517,578 1,965,311 2,349,387 2,140,659
Borrowings 1,496,807 1,901,714 2,274,160 1,974,249
Other Liabilities 20,771 63,597 75,227 166,410
Members Equity 830,409 843,708 885,722 817,457
Income 94,260 103,791 114,645 68,747
Interest 93,969 97,856 105,171 62,813
Other 291 5,935 9,474 5,934
Expenses 80,597 89,534 79,896 44,162
Interest 53,274 61,048 58,492 27,713
Administrative 21,517 20,783 21,404 16,449

BSTDB Capital Structure (EUR 000’s)

Authorised Capital 3,450,000
Subscribed Share Capital 2,288,500
Paid In Share Capital 686,550
Reserves Member Equity 64,914
Total Members Equity 817,457

Member States Capital Share

Outstanding Loan Portfolio by Country

Loan Portfolio by end user Sector

Source: Information from Condensed Interim Financial Statements as of 30.06.2022
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