BSTDB President to present bank strategy in Yerevan

March 23, 2011 - 18:52 AMT

PanARMENIAN.Net - On March 23, a delegation of the Black Sea Trade and Development Bank (BSTDB) led by the bank President Andrey Kondakov arrived in Yerevan.

The delegation is scheduled to meet with Chairman of the Central Bank of Armenia (CBA), RA Ministers of Finance and Economy and Deputy Minister of Foreign Affairs.

On March 24, Kondakov will present BSTDB strategy for the upcoming years, the CBA press service reported.

The mission of BSTDB is to stimulate economic growth of the countries shareholders. Armenia has been cooperating with BSTDB since its establishment. The bank actively finances SME, industry and private sector.

The Black Sea Trade and Development bank was established in 1997 by 11 countries shareholders, including Armenia, but launched its operation in 1999. Armenia’s share in the bank makes 1%, in its outstanding portfolio – around 5%.

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