All agreed loans

Multilateral. Black Sea Trade and Development Bank

Date of agreement: 16 Dec 2019
Country: Multilateral
Customer: Black Sea Trade and Development Bank
Amount in EUR: EUR 50 million
Maturity: 10 years
NACE sector / loan type: Loan programme
Business area: Financial institutions and SMEs

Project

The loan programme has been agreed with the Black Sea Trade and Development Bank (BSTDB) to finance projects of mutual interest in the Black Sea region.

Eligible investments for example include projects in the fields of renewable energy, energy efficiency and public transportation.

This is the fourth loan programme signed with BSTDB. The previously agreed loans, amounting to a total of EUR 75 million, have been allocated to public transport, renewable energy and hospital projects in the BSTDB’s region of operation.

The Black Sea Trade and Development Bank is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine. The Bank supports economic development and regional cooperation in the Black Sea region through trade and project finance lending, guarantees and equity finance participation in private enterprises and public entities in its member countries. The Bank is headquartered in Thessaloniki, Greece.

Fulfilment of NIB's mandate

All projects proposed for financing under the facility will be assessed for their impact on productivity and the environment on an individual basis according to NIB’s criteria. An environmental and social assessment will be carried out for each project considered for financing.

Sustainability summary

All project allocations under the loan programme are required to comply with NIB’s Sustainability Policy and Guidelines.