BSTDB - The Black Sea Trade and Development Bank
BSTDB - The Black Sea Trade and Development Bank
03/17/2026 | News release | Distributed by Public on 03/17/2026 03:57
BSTDB Delegation Visits Azerbaijan to Advance Development Financing and Strategic Partnerships
BSTDB Delegation Visits Azerbaijan to Advance Development Financing and Strategic Partnerships
News | 17-Mar-2026
High-level meetings focus on expanding cooperation, strengthening private sector engagement, and preparations for the Bank's upcoming Annual Meeting and Business Forum
A delegation from the Black Sea Trade and Development Bank (BSTDB), led by President, Dr. Serhat Köksal, visited Baku, Azerbaijan, for a country mission aimed at discussing the Bank's strategic priorities and expanding development financing in the country. The delegation also included Ziya Aliyev, Vice President Banking, Asterios Tsoukalas, Secretary General, and Mehmet Tas, Special Advisor to the President.
During the visit, the President and the delegation were received by H.E. Mr. Samir Sharifov, Deputy Prime Minister of Azerbaijan, and Mr. Sahil Babayev, Minister of Finance. Discussions focused on BSTDB's ongoing activities in the country and explored opportunities to further expand the Bank's development financing to support Azerbaijan's private sector and sustainable economic growth.
The delegation also held meetings with representatives of national business associations to strengthen cooperation ahead of BSTDB's upcoming Annual Meeting and Business Forum, which will bring together regional policymakers, financial institutions, and private sector leaders.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.
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BSTDB - The Black Sea Trade and Development Bank published this content on March 17, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 17, 2026 at 09:57 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]