Headquarters: Thessaloniki, Greece

Operation started: 1 June 1999

The Black Sea Trade and Development Bank is an international financial institution established by the 11 founding members of BSEC - Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. With an authorized capital of SDR 3 billion (approximately EUR 3.5 billion), the Bank supports economic development and regional cooperation by providing trade and project financing, guarantees, and equity for development projects supporting both public and private enterprises in member countries.

Further information on BSTDB is available at

Latest from the BSTDB:

BSTDB Cooperates with TRANSKAPITALBANK to Contribute to the SME Sector Development in Russia

The Islamic Corporation for the Development of the Private Sector (ICD) and the Black Sea Trade and Development Bank (BSTDB) Ink an Agreement to Boost Regional Trade and Investments

BSTDB Supports a Greek Packaging Manufacturer

BSTDB Supports High-Tech Industry in Greece

BSTDB to Boost Support for Leasing in Georgia

BSTDB Partners with Ardshininvestbank to Support Small Business in Armenia

 New BSTDB President Assumes Duties

Increased BSTDB Support for Factoring Services in Turkey

BSTDB supports expansion of Armenian supermarket chain

BSTDB Extends Support for Small Business Development in Albania

BSTDB Invests in Solar Energy in Romania

BSTDB supports modernization of the electricity distribution in Ukraine

BSTDB finances its first leasing operation in Turkey

EUR 20 million to Support SME Financing in Russia

IFC and BSTDB Help Unibank Expand Lending to Small and Medium Enterprises in Armenia

BSTDB supports modernization of the Albanian steel and power sectors