Azerbaijan, Baku, 20 June / Trend E. Aliyev /
The Black Sea Trade and Development Bank (BSTDB) does not exclude the possibility of expanding the partner network in Azerbaijan, BSTDB chairman Andrei Kondakov told Trend.
"Among Azerbaijani banks, we are cooperating with the country's largest banks, such as the International Bank of Azerbaijan, Unibank, Bank Respublika, Kapital Bank, Bank Technique and others. We are also expanding cooperation with non-bank credit organizations and are currently considering the possibility of cooperation with smaller banks in the country," Kondakov said.
According to him, in 2012, the Board of Directors of the Black Sea Bank approved three projects worth 10 million euros.
"Meanwhile, four projects worth 21 million euros were approved in January-April 2013.
Additionally, one or two projects will be submitted to the Board of Directors on Saturday and one of them is of record size. This shows the level of the bank's confidence in Azerbaijan and the fact that the country is seen as a long-term and reliable partner," Kondakov said.
According to him, the BSTDB strategy of operations until 2014 provides for eight operations in the amount of 90 million euros.
"10 operations worth 70 million euros have already been undertaken. If the Board of Directors of the Bank approves two more projects, we will be far ahead of our own expectations," the head of the Black Sea Bank said.
On June 21-23, Baku will host the XV Annual Meeting of the Governing Council of the Black Sea Trade and Development Bank. A business forum with participation of international financial institutions and organizations of the bank's member countries will be held in the framework of the forum.
At present, Greece, Russia and Turkey remain the largest shareholders with stakes of 16.5 percent each. Romania owns 14 percent, Bulgaria and Ukraine - 13.5 percent each, Azerbaijan - five percent, Albania - two percent, Armenia and Moldova - one percent each, and Georgia - 0.5 percent.
The bank's authorized capital amounts to 3.5 billion euros, subscribed capital - 2.3 billion euros.