AIS welcomes the Black Sea Trade and Development Bank to the Summit

Published on 25/02/2016 in Athens Investment Summit

AIS welcomes the Black Sea Trade and Development Bank to the Summit


The Black Sea Trade and Development Bank (BSTDB), an international financial institution with headquarters in Thessaloniki, Greece, was established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine.

BSTDB started operations in June 1999 and has authorised capital of €3.45 billion.

The Bank supports economic development and regional cooperation in the Black Sea Region through trade and project finance lending, guarantees, and equity participation in private enterprises and public entities in the member countries. BSTDB is rated A-/A-2 by Standard & Poor’s, and A2/P1 by Moody's.