Black Sea Trade and Development Bank (BSTDB)
BSTDB was established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine which are the 11 founding countries of the Black Sea Economic Cooperation (BSEC) as a financial pillar of BSEC. As of end 2015, BSTDB cumulative portfolio in its 11 member countries has reached 322 approved operations in the key sectors of infrastructure, energy, transport, manufacturing, telecommunications, financial sector and other important areas amounting to about EUR 4.2 billion.
Mandate & Mission
The purpose of the Bank is to accelerate development and promote co-operation among its shareholder countries. BSTDB supports regional trade and investment, providing financing for commercial transactions and projects in order to help Member States to establish stronger economic linkages.
As defined in the Agreement Establishing the Black Sea Trade & Development Bank, the mission of the Bank is to effectively contribute to the transition process of the Member States towards the economic prosperity of the people of the region. This translates into a dual mandate for the Bank to (i) promote regional cooperation among and (ii) economic development in Member States principally by financing operations in the private and public sectors.
BSTDB’s vision is to be recognized globally, and by its shareholders in particular, as a prominent development finance institution for the Black Sea Region providing well-focused development assistance and solutions.