BSTDB discloses portfolio breakdown for Azerbaijan
The breakdown of the Black Sea Trade and Development Bank (BSTDB) portfolio for Azerbaijan is as follows: support for small and medium enterprises (47.5%), energy (35%), real estate (8, 4%), consumer goods (4.8%). percent) and industry (4.4 percent), BSTDB Chairman Dmitry Pankin said in an exclusive interview with Trend.
“BSTDB has financed 39 projects worth more than half a billion euros in Azerbaijan since the start of operations in line with government investment priorities. The Bank has engaged in such large energy projects than Shah Deniz, while focusing on SMEs in the non-oil sector. This week we will meet with interested companies here in Azerbaijan and I am sure that this will contribute to the further development of business projects in the country”, added the president of the BSTDB.
The Black Sea Trade and Development Bank (BSTDB), an international financial institution headquartered in Thessaloniki, Greece, was 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 commercial loans and project finance, guarantees and equity investments in private companies and public entities in member countries.
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