BAKU, Azerbaijan, July 21. The current project portfolio of the Black Sea Trade and Development Bank (BSTDB) in Azerbaijan as of January 1, 2023 amounted to 12.6 million euro, Trend reports.
According to the bank, this amount decreased by more than three times, compared to 49.4 million euro as of January 1 last year.
The balance of the bank's loans in the national currency (manat) as of 2022 amounted to 5.5 million manat ($3.2 million), compared to 5.1 million manat ($3 million) as of 2021.
In total, the bank's loan portfolio at the beginning of this year was worth 2.06 billion euro.
Azerbaijan's share in the bank's equity capital is five percent.
The BSTDB was founded in January 1997 to support the economic development of the Black Sea basin countries and strengthen regional cooperation. Its founders and shareholders are the governments of 11 countries: Russia, Greece, Türkiye, Bulgaria, Ukraine, Romania, Albania, Azerbaijan, Armenia, Georgia, and Moldova.
