Azerbaijan, Baku, April 13 / Trend N. Ismayilova /
The strategy of the Black Sea Trade and Development Bank (BSTDB) for Azerbaijan is expected to be approved by the Board of Directors in June, BSTDB president Andrei Kondakov said during a meeting with business circles of Azerbaijan.
"Our visit has two main objectives," he said. The first one is to discuss a new national strategy for the next four years (2011-2014), as well as the meetings with the business community of Azerbaijan to find new projects that the bank will finance for the period."
He said that the bank has financed 20 projects worth 100 million euros for 11 years. The country's share in the bank's loan portfolio is 5 percent.
"Our challenge is to accelerate BSTDB's activity in Azerbaijan for the nearest four years and to finance new interesting projects," Kondakov said.
He said that the strategy of the bank in the country is being discussed with the ministries and the Azerbaijani government to clarify the priorities of the strategy and bring them into line with the socio-economic policy of the country.
"We want to find 15-20 projects worth 75-100 million euros for this period. We think it is important to promote social infrastructure, industrial, energy sector and agriculture, Kondakov said.
He said that BSTDB actively cooperates with Azerbaijan's banking sector and plans to continue this cooperation, focusing on credit lines for financing small and medium business and trade.