BSTDB allocated 510 million euro to private sector in Azerbaijan


June 24, Fineko/ The Black Sea Trade & Development Bank (BSTDB) has allocated 510 million euro of loans to the private sector in Azerbaijan over the entire period of its activity, ABC.AZ reports that Finance Minister Samir Sharifov stated this at the Azerbaijan-BSTDB business forum in Baku.

He added that the bank also participated in the development of local financial markets:

"In 2019, an auction on BSTDB corporate bonds was held at Baku Stock Exchange CJSC, and the funds raised were used to finance the private sector in Azerbaijan. Thus, the bank became the first international financial institution in Azerbaijan to place bonds in the national currency."