Following the successful full subscription and allocation of the offering to its shareholders, BSTDB’s capital base has been raised by 35%, reaching EUR3.10 billion.
This capital increase will enhance BSTDB’s financial capacity, enabling the Bank to offer a broader range of funding instruments to address critical regional challenges, thereby driving further growth and prosperity in Black Sea member countries.
“I am proud to announce that the Black Sea Trade and Development Bank has successfully increased its capital, reinforcing its mandate to support the development of the Black Sea region. This capital increase marks a significant milestone, equipping the Bank to tackle regional challenges and continue providing essential financial resources necessary to drive growth and prosperity in the Black Sea region”, said Mr. Osman Çelik, Deputy Minister of Treasury and Finance of the Republic of Türkiye and Chair of the Board of Governors, as quoted in the Bank’s press release.
“I would like to thank our shareholders for their continued support and commitment to the Bank. This capital increase is a testament to the confidence our member countries have in BSTDB’s ability to deliver on our mission of supporting economic development and trade in the Black Sea region. The new capital injection will empower the Bank to effectively address the most pressing challenges of our time and enable us to provide even greater support to our member countries”, Dr. Serhat Köksal, BSTDB President, commented on the decision, as quoted in the press statement.