Black Sea Trade and Development Bank Key Facts

The Black Sea Trade and Development Bank is a unique financial institution with a rich history. It was established in 1994.

The bank is headquartered in Thessaloniki, Greece, with a strong presence in the Black Sea region. Its main goal is to promote economic development and cooperation among its member countries.

The bank's membership consists of 11 countries, including Albania, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, Ukraine, Armenia, and Azerbaijan.

The Black Sea Trade and Development Bank has a strong presence in the region, with its headquarters located in Thessaloniki, Greece.

The bank has a significant number of member countries, with 45 countries from the Black Sea and the Mediterranean region being part of its membership.

The bank's operations are overseen by a board of directors, which includes representatives from each member country.

The Flag of BSTDB is a striking image that may not be immediately recognizable as a flag. It features a large blue field with a prominent white wave of the Black Sea.

The flag's design is a unique representation of the Black Sea region. The wave motif is a distinctive element that sets the flag apart from more traditional national emblems.

You can find the flag on the Bank's website, specifically in the Photo gallery section. It's also available on the bank's home page.

The Black Sea Trade and Development Bank (BSTDB) is an international financial institution that supports economic development in the Black Sea region.

It was established by 11 countries, including Bulgaria, Armenia, and Russia, with the purpose of promoting trade and economic cooperation in the region.

The BSTDB provides financing for projects in various sectors, including trade finance, energy, telecommunications, and transportation.

Projects that contribute to regional development and cooperation are a priority for the bank.

Bulgaria has a significant stake in the BSTDB, holding 13.6% of the authorized capital and being represented in the bank's governing bodies.

Companies interested in applying for funding can find more information on the bank's website at http://www.bstdb.org.

The BSTDB's services and activities can be found under the following categories:

The Black Sea Economic Cooperation organization has 13 member states, but the bank has only 11 founding members.

Albania is one of the founding members, holding a 2.0% shareholding in the bank.

Armenia also holds a shareholding, but it's the smallest at 1.0%.

Azerbaijan has a significantly larger shareholding at 5.0%.

The countries with the largest shareholdings are Bulgaria, Greece, Russia, Turkey, and Ukraine, each holding 13.5% or 16.5%.

Here's a breakdown of the 11 founding member countries and their shareholdings:

Each of these countries has an obligation to pay additional capital if called upon, totaling €1.602 billion.

The Black Sea Trade and Development Bank (BSTDB) has established significant partnerships to further its mission. The bank has a strong track record of collaboration with other financial institutions.

In February 2018, the BSTDB finalized a strategic partnership agreement with the Eurasian Development Bank. This partnership aims to promote economic development in the region.

The BSTDB has also signed a cooperation agreement with the OPEC Fund for International Development in July 2018. This agreement demonstrates the bank's commitment to supporting development projects in member countries.

A notable partnership was established with the Development Bank of Austria in October 2008. This cooperation agreement has likely contributed to the bank's growth and success.

Here are some key partnerships of the BSTDB: