Black Sea Trade and Development Bank
| Date: | 05 Oct 2009 |
|---|---|
| Country: | International |
| Customer: | Black Sea Trade and Development Bank |
| Amount in EUR: | EUR 30 million |
| Maturity: | 9 years |
| Business sector: | Financial Institutions |
Project
The 9-year-maturity loan programme totalling EUR 30 million has been provided for financing projects of mutual interest to the member countries of NIB and the Black Sea Trade and Development Bank.
The BSTDB is an international financial institution of Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine. 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 its member countries.
Sustainability summary
The BSTDB has an environmental policy and procedures in place. Under the loan programme, individual subprojects will be assessed for the allocation of financing.