Black Sea Trade and Development Bank adopts strategy for 2019-2022

The Black Sea Trade and Development Bank (BSTDB) Board of Governors discussed and approved the Bank’s Medium-Term Strategy and Business Plan for the period of 2019-2022. The meeting was chaired by Bülent Aksu, Deputy Minister of Treasury and Finance, and BSTDB Governor for the Republic of Turkey.

The Strategy is set to significantly increase the Bank’s capacity in the changing economic and business setting through greater involvement in infrastructure development and public sector operations, direct trade financing, and other sectors with high development impact.

Introducing the draft Strategy to the Board, Dmitry Pankin, BSTDB President, said: “We strongly believe that now is the time to build upon Bank’s established credibility to grow the institution and enhance the degree to which it delivers on its dual mandate of regional cooperation and economic development. This is an ambitious growth oriented strategy, which aims to expand the Bank’s role in promoting regional prosperity and to increase its value and significance to stakeholders.”