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BSTDB at a glance

The Black Sea Trade & Development Bank is an international financial institution with supranational status and a mandate to foster economic growth and regional cooperation amongst its Member States in the Black Sea Region.

Moodys logo
A2 / P1 / Stable
Starndars & Poors logo
A / A-1 / Stable
ACRA logo
A+ / AAA(RU) / Stable
SCOPE logo
A / S1 / Stable
*(Unsolicited)
  • Target Borrowers & Projects

    • Public and private companies with operations in one or more of the Member States.
    • Transaction benefits Member State/s and has develop. impact.
    • Economically sustainable / financially viable so Bank participation will be profitable and the undertaking will prove sustainable beyond BSTDB’s involvement
  • Products & Services

    • Lending: Short to long-term loans, typically extended in USD or EUR
    • Guarantees
    • Trade Finance: Firms importing from Member States and regional exporters
    • Co-financing
    • SME’s: Financing through credit lines to local financial intermediaries
    • Bank equity / funds: Equity investments, looks to take stake of 5-25%
  • Priority Sectors

    • Energy
    • Public utilities
    • Environ. protection
    • Telecoms
    • Financial institutions
    • Manufacturing
    • Transport
    • Municipal Services
    • SME’s and Trade Finance
  • Starndars & Poors logo

    "The upgrade reflects the institution’s confirmed policy relevance, illustrated by solid loan book growth over the past three years and a recent decision from shareholders to inject capital. BSTDB benefits from a resilient and very strong financial risk profile, and it has weathered the financial repercussions of the pandemic with only a mild impact on asset quality.”

    S&P Rating Services. Research Update: Black Sea Trade and Development Bank, November 25th, 2021 
     

  • Moodys logo

    “Black Sea Trade and Development Bank's (BSTDB, A2 stable) credit profile is supported by its strong capital base and the strong commitment of its shareholders to support the bank”
    Moody’s Investors Service. Credit Opinion: Black Sea Trade and Development Bank, April 6th , 2021

Historical Portfolio Development (€ millions)

Financial Statements Summary (€ 000’s)

YEAR END 2018 2019 2020 1H 2021
Assets 1,795,767 2,343,437 2,809,019 3,414,249
Liquid Assets 443,933 501,097 722,289 1,234,016
Loan Portfolio 1,330,695 1,820,941 2,042,921 2,030,396
Other Assets (Net) 21,139 25,949 43,809 152,837
Liabilities 994,167 1,517,578 1,965,311 2,546,980
Borrowings 954,030 1,496,807 1,901,714 2,489,291
Other Liabilities 40,137 20,771 63,597 57,689
Members Equity 801,600 830,409 843,708 871,167
Income 79,615 94,260 103,791 55,790
Interest 78,817 93,969 97,856 54,177
Other 898 291 5,935 1,613
Expenses 74,439 80,597 89,534 21,835
Interest 37,974 53,274 61,048 31,873
Administrative 21,175 21,517 20,783 10,376

BSTDB Capital Structure (EUR 000’s)

Authorised Capital 3,450,000
Subscribed Share Capital 2,288,500
Paid In Share Capital 686,550
Reserves and Retained Earnings 184,617
Total Members Equity 871,167

Member States Capital Share

Outstanding Loan Portfolio by Country

Loan Portfolio by end user Sector

Source: Condensed Interim FS as of 30.06.2021, management data