BAKU, Azerbaijan, July 1. The Black Sea Trade
and Development Bank (BSTDB) approved 31 new projects totaling over
668 million euro in 2025, Azerbaijani Finance Minister Sahil
Babayev said at the 28th Annual Meeting of the BSTDB Board of
Governors in Baku, Trend's correspondent reports from the event.
"Despite the challenging geopolitical and economic environment,
the Bank demonstrated resilience, expanded its operations, and
continued to deliver on its development mandate across the region.
The results achieved last year are encouraging. 31 new projects
totaling over 668 million euro were approved, marking a growth of
nearly 81% compared to the previous year," he noted.
According to him, along with the growth of the bank's operating
portfolio to approximately 1.5 billion euro and its strong
financial performance, this underscores its importance and
effectiveness as a regional development institution.
"These achievements represent significant progress in the first
year of implementing the second phase of the bank's medium-term
strategy and business plan for 2025–2026. They also demonstrate the
bank's ability to effectively respond to the changing needs of its
member countries while remaining firmly committed to its
development mission," he added.
