BSTDB Concludes the 27th Annual Meeting of the Board of Governors in Yerevan
Governors Reaffirm Support for BSTDB and Approve New Strategic Branding
The Board of Governors of the Black Sea Trade and Development Bank (BSTDB) held its 27th Annual Meeting under the Chairmanship of Mr. Artur Javadyan, BSTDB Governor for the Republic of Armenia.
The Meeting brought together high-level representatives from BSTDB’s eleven member states, along with BSEC leaders and the Bank’s Observers.
The Governors evaluated the Bank’s operational activity and unanimously approved the Financial Statements for 2024. They praised BSTDB’s sustained role as a reliable partner for regional economic advancement.
During the Meeting, the Board of Governors extended the term of Dr. Serhat Köksal as President of BSTDB by two years.
Mr. Artur Javadyan, Chairman of the Board of Governors, commented: “Amid challenging economic times, BSTDB continued to deliver tangible results, reinforcing its role as a catalyst for sustainable regional growth”.
Dr. Serhat Köksal, President of BSTDB, noted: ‘This meeting reaffirmed the shared vision of our member countries for a resilient and inclusive Black Sea region, underpinned by responsible finance.” Dr. Köksal expressed his gratitude to the Governors, stating: “I am deeply honored by the renewed trust placed in me. I thank the Board of Governors for their continued confidence and support, and I remain committed to advancing our collective vision for a resilient and inclusive Black Sea region, grounded in responsible finance.”
The BSTDB President also acknowledged the excellent organization and warm hospitality extended by Governor Javadyan and the host country.
The Board also elected Mr. Sahil Babayev, Governor for the Republic of Azerbaijan, as the new Chair of the Board of Governors for the upcoming one-year term. Governors for the Republic of Bulgaria and Georgia were elected as Deputy Chairpersons. The 28th Annual Meeting of the Board of Governors will be held in Azerbaijan. The exact date and venue of the Meeting will be determined in due course.
In addition, the Board approved BSTDB’s new visual identity, reflecting the institution’s strategic orientation and commitment to modernization. The new brand will be officially unveiled in the coming weeks.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.
Contact: Haroula Christodoulou
: @BSTDB
