BSTDB interested in implementing infrastructure projects in Armenia
10.02.2020,
15:54
The Black Sea Trade and Development Bank (BSTDB) is interested in implementing infrastructure projects in Armenia, BSTDB President Dmitry Pankin told reporters on Monday.
YEREVAN, February 10. /ARKA/. The Black Sea Trade and Development Bank (BSTDB) is interested in implementing infrastructure projects in Armenia, BSTDB President Dmitry Pankin told reporters on Monday.
He said last year BSTDB had adopted a new medium-term work strategy outlining two key aspects. The first is about focusing on faster growth, since the bank believes that it should play a more prominent role in the countries of the Black Sea basin, as the demand for loans, financing and investments is on the rise, and the bank has the ability to attract money from the market on good terms.
He said the second important aspect is about a greater focus on large and infrastructure projects, including through partnerships between the state and the private sector.
"We are participating in several projects in Armenia, for example, in construction of an airport and the modernization of the Zangezur copper and molybdenum plant with other financial institutions. So, we plan to look for new projects and actively participate in infrastructure projects, "said Pankin.
He also noted that the BSTDB is also considering the possibility of co-financing large projects, but at the moment there are no proposals under consideration.
The Black Sea Trade and Development Bank (BSTDB), an international financial institution with headquarters in Thessaloniki, Greece, was established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine.
BSTDB started operations in June 1999 and has authorized capital of €3.45 billion. The Bank supports economic development and regional cooperation in the Black Sea Region through trade and project finance lending, guarantees, and equity participation in private enterprises and public entities in the member countries. BSTDB is rated A-/A-2 by Standard & Poor’s, and A2/P1 by Moody's. -0-
He said last year BSTDB had adopted a new medium-term work strategy outlining two key aspects. The first is about focusing on faster growth, since the bank believes that it should play a more prominent role in the countries of the Black Sea basin, as the demand for loans, financing and investments is on the rise, and the bank has the ability to attract money from the market on good terms.
He said the second important aspect is about a greater focus on large and infrastructure projects, including through partnerships between the state and the private sector.
"We are participating in several projects in Armenia, for example, in construction of an airport and the modernization of the Zangezur copper and molybdenum plant with other financial institutions. So, we plan to look for new projects and actively participate in infrastructure projects, "said Pankin.
He also noted that the BSTDB is also considering the possibility of co-financing large projects, but at the moment there are no proposals under consideration.
The Black Sea Trade and Development Bank (BSTDB), an international financial institution with headquarters in Thessaloniki, Greece, was established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine.
BSTDB started operations in June 1999 and has authorized capital of €3.45 billion. The Bank supports economic development and regional cooperation in the Black Sea Region through trade and project finance lending, guarantees, and equity participation in private enterprises and public entities in the member countries. BSTDB is rated A-/A-2 by Standard & Poor’s, and A2/P1 by Moody's. -0-
