Black Sea Bank set to finance more Greek firms by end-2018

Black Sea Bank set to finance more Greek firms by end-2018

The Black Sea Trade and Development Bank will offer Greek enterprises loans totaling 180 million euros up to the end of 2018, raising its target share in disbursements for Greece – one of its main stakeholders – to 16.5 percent.

Total financing to Greek enterprises from the BSTDB to date amounts to 207 million euros, and, according to its president, Ihsan Ugur Delikanli, the increase in loan issues is intended to create a balance between the percentage of loans to Greece and the country’s contribution to the bank’s share capital.

In a joint press conference held on Wednesday with Greek Economy Minister Giorgos Stathakis, Delikanli also announced that the Black Sea Trade and Development Bank is in talks regarding the issuance of a loan to a Greek lender, and that the BSTDB’s the participation in the funding of the Transadriatic Pipeline (TAP), which will go through three of the bank’s founding states (Greece, Turkey and Albania), is a priority interest.

“Greece is one of the countries we wish to place more attention on for the additional reason that the seat of our bank is in Thessaloniki,” Delikanli stated, ahead of the regional lender’s 18th annual meeting of the Board of Governors that will take place at Hania on Crete, on June 12.

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