August 27, 2021 17:10 (UTC + 04: 00)

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By Vugar Khalilov

The Black Sea Trade and Development Bank (BSTDB) has approved eight deals for Azerbaijan worth more than € 140 million by July 2021, Trend reported on August 27.

The bank made the relevant decision at the event titled “The Black Sea Region in the Post-Pandemic Period: A Strategic Dialogue with BSTDB Leadership,” the report reads.

Some 131 million euros have already been allocated to transactions, of which some 84 million euros are payable.

According to BSTDB, the value of 6 unredeemed transactions represented more than 52 million euros.

In total, the BSTDB Board of Directors approved 164 transactions in July 2021, amounting to more than 3.6 billion euros.

Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia , Turkey and Ukraine. The headquarters of the BSTDB are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, lines of credit, equity and guarantees for projects and commercial finance in the public and private sectors of its member countries. The authorized capital of the Bank is 3.45 billion euros.

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