Black Sea Trade and Development Bank plans to participate in Azerbaijan’s transport projects
Azerbaijan, Baku, June 21 / Trend E. Aliyev /
The Black Sea Trade and Development Bank plans to participate in the transport projects in Azerbaijan, BSBTD chairman Andrei Kondakov told Trend on Thursday.
"We plan to participate in financing the projects in the transport sector of the country," he said. "In particular, a project associated with the underground is at a preliminary stage."
According to him, the bank would like to expand the activity in the real sector of the Azerbaijani economy.
"This is a priority direction for the bank," he said. "Shareholders believe that the Black Sea Bank must be more active in the real sector in general and in Azerbaijan. Moreover, Black Sea Bank plans to increase its credit line to existing partners of the country's banking sector."
The fifteenth Annual Meeting of the Governing Council of the Black Sea Trade and Development Bank is being held in Baku on June 20-23. A business forum with the participation of international financial institutions and organizations of the bank's member-countries will be held.
The bank's shareholders are 11 countries. Russia, Turkey and Greece hold 16.5 per cent of the shares, Romania - 14 per cent, Bulgaria and Ukraine - 13.5 per cent, Azerbaijan - 5 percent. Around 2 per cent are owned by Albania, 1 percent - Armenia, another 0.5 per cent - Georgia.
The BSBTD authorized capital hits 3.5 billion euro, subscribed capital - 2.3 billion euro.