Harman Patil (Editor)

Black Sea Trade and Development Bank

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Formation
  
24 January 1997

Headquarters
  
Thessaloniki, Greece

Founded
  
24 January 1997

Black Sea Trade and Development Bank wwwbstdborgnewbstdbimagestemplateNewBSTDBL

Membership
  
11 Albania Armenia Azerbaijan Bulgaria Georgia Greece Moldova Romania Russia Turkey Ukraine

President, Chairman of the Board of Directors
  
Andrey Kondakov (July 2010 - July 2014)

Type of business
  
International Financial Institution

Profiles

Natfood leadership received of the black sea trade and development bank delegation


The Black Sea Trade and Development Bank (BSTDB) is multilateral development bank serving the eleven countries that are members of the Organization of the Black Sea Economic Cooperation, a regional economic organization. It supports economic development and regional cooperation by providing trade and project financing, guarantees, and equity for development projects. BSTDB supports both public and private enterprises in its member countries and does not attach political conditionality to its financing.

Contents

Objectives of the bank include promoting regional trade links, cross country projects, foreign direct investment, supporting activities that contribute to sustainable development, with an emphasis on the generation of employment in the member countries, ensuring that each operation is economically and financially sound. The bank has an authorized capital of EUR 3.45 billion.

BSTDB is governed by the Agreement Establishing the Black Sea Trade and Development Bank, a United Nations registered treaty. The Agreement came into force on January 24, 1997. BSTDB commenced its operational activities in June 1999.

Moody's Investors Service upgraded BSTDB to "A2" long term with stable outlook in February 2014. Standard & Poor's rating agency assigned to BSTDB a long term issuer rating of "A-" with stable outlook in January 2013.

Member states

  • Albania
  • Armenia
  • Azerbaijan
  • Bulgaria
  • Georgia
  • Greece
  • Moldova
  • Romania
  • Russia
  • Turkey
  • Ukraine
  • References

    Black Sea Trade and Development Bank Wikipedia