The Black Sea Trade and Development Bank (BSTDB) and Unibank
have signed a USD 7 million trade finance facility to support
export and import transactions and improve access to finance for
Azerbaijani businesses, particularly small and medium-sized
enterprises (SMEs).


The facility will provide short-term financing for eligible
trade transactions, helping companies maintain commercial flows and
strengthen their links with regional and international markets.


“Facilitating trade and supporting the private sector are
central to BSTDB’s mandate. We are pleased to expand the network of
our active financial intermediaries in Azerbaijan by joining forces
with Unibank. Through this facility, the Bank will help Azerbaijani
businesses, including SMEs, expand their commercial activities and
strengthen their links with regional and international markets,”
said Dr. Serhat Köksal,
President of BSTDB.


Heybat Gadirov, Acting Chairman of the
Management Board, Unibank: “We are
pleased to renew our partnership with BSTDB and further strengthen
our cooperation through this new trade finance facility. Expanding
access to trade finance is essential for supporting the growth and
competitiveness of Azerbaijani businesses, particularly SMEs. This
facility will enable us to provide our clients with additional
financing opportunities, facilitate international trade activities,
and contribute to the sustainable development of the country’s
private sector.”


The agreement, signed in Baku during the BSTDB Business Forum,
builds on a relationship between BSTDB and Unibank that dates back
to 2005. Previous BSTDB facilities supported nearly 150 sub-loans
to local SMEs and financed 31 trade transactions totaling USD 24.7
million.


About BSTDB







The Black Sea Trade and Development Bank (BSTDB) is an
international financial institution established by Albania,
Azerbaijan, Armenia, 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 http://www.bstdb.org


About Unibank


Unibank is one of Azerbaijan’s leading private commercial banks.
Founded in 1992 and headquartered in Baku, Unibank provides a broad
range of retail, corporate and investment banking services. The
Bank has been at the forefront of digital innovation in Azerbaijan
and launched Leobank, the country’s first mobile-only bank, in
2021.


For more information: https://unibank.az