![\"\"](\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2017\/03\/BSTDB.jpg\")
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Offering unparalleled flexibility in the structuring of its clients financing requirements, the Black Sea Trade and Development Bank (BSTDB) meets the needs of businesses and state-owned entities in one of the world\u2019s most dynamic \u2013 and fastest growing \u2013 regions. Headquartered in Thessaloniki, Greece \u2013 and set up in 1999 by the governments of Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine \u2013 the bank aims to support economic development and trade throughout the Black Sea Region.<\/strong><\/p>\n The BSTDB maintains a number of facilities geared towards micro, small and medium-sized enterprises (MSMEs), recognising their importance as engines of growth. The bank often works in conjunction with organisations that support SMEs such as Albania\u2019s Fondi Besa which recently accessed a $5m credit facility to supply working capital to rural MSMEs. In Georgia the BSTDB helped a local bank set up a MSME financing programme.<\/p>\n The bank is also heavily involved in underwriting regional trade by offering a number of instruments that address the funding needs of exporters and trading companies. Trade financing options run from short-term \u2013 typically less than one year \u2013 to medium\/long-term with tenors of up to ten years.<\/p>\n The CFI.co judging panel is pleased to see the BSTDB take an active role in the promotion of both international trade and regional development. The judges reaffirm last year\u2019s win and declare the Black Sea Trade and Development Bank winner of the 2016 Best Regional Development Bank Award.<\/p>\n","protected":false},"excerpt":{"rendered":" Offering unparalleled flexibility in the structuring of its clients financing requirements, the Black Sea Trade and Development Bank (BSTDB) meets the needs of businesses and state-owned entities in one of<\/p>\n","protected":false},"author":1,"featured_media":3969,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[10,53],"tags":[],"class_list":["post-3968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-front"],"yoast_head":"\n