Azerbaijan, Baku, July 2 / Trend N. Ismayilova /
The representative of Russia in the Black Sea Bank for Development and Trade (BSTDB) Andrei Kondakov will come into the office of the bank president July 16, the organization said.
The Board of BSTDB passes from Turkey to Russia. According to the decision taken at an Extraordinary General Meeting of Governors of the bank in December 2009, current vice-president of the bank, the representative of Russia Andrei Kondakov was appointed new president of BSTDB, who will assume his duties in July 2010.
Kondakov was elected president of BSTDB until 2014. Turkey has been leading the bank since its establishment, i.e since 1999. The current head of the bank is Hayrettin Kaplan.
Today, 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 - 5 percent, Albania - 2 percent, Armenia and Moldova - one percent each, and Georgia - 0,5 percent.
A manager in the Black Sea Bank from the Azerbaijani side is Minister of Economic Development Shahin Mustafayev, his deputy - Minister of Finance Samir Sharifov.