Baku, Azerbaijan, Oct. 2
By Azad Hasanli – Trend:
The Black Sea Trade and Development Bank (BSTDB) may become a shareholder of one more Azerbaijani bank, BSTDB President Ihsan Delikanli said in an interview with Trend.
“As I have indicated earlier, the bank is not actively developing equity investments in member countries at the moment. We have recently increased our stake in AccessBank together with other founding shareholders,” noted Delikanli.
Meanwhile, the BSTDB indicated its readiness to join a loan to equity conversion process in one of the stressed banks to help the Financial Market Supervisory Authority (FIMSA) in its efforts to stabilize financial system, he added.
Currently, the Black Sea Trade and Development Bank is one of the shareholders of AccessBank (20 percent). As for the loans issued, currently, the bank is a creditor of three Azerbaijani banks – Unibank, DemirBank and TuranBank. Recently, the BSTDB also issued a loan of $17 million for AccessBank in order to raise the bank’s capital.
The BSTDB was established by Azerbaijan, Albania, Bulgaria, Georgia, Greece, Moldova, Armenia, Romania, Turkey, Ukraine and Russia. The bank’s authorized capital is 3.45 billion euros.