In May 2016, OeEB signed a long-term credit line of EUR 20 million to the Black Sea Trade & Development Bank (BSTDB) for the financing of investments in the Black Sea region. In May 2020, the funds were increased by EUR 30 million.
|Project name||Black Sea Trade & Development Bank (BSTDB)|
|Sector||Financial sector / Microfinance / SME|
|OeEB project volume||EUR 50 million|
|Projekt partner(s)||Black Sea Trade & Development Bank (BSTDB)|
The funds are used to finance investments in the areas of infrastructure, renewable energy, manufacturing and agriculture, as well as lending to MSMEs in the Black Sea region.
OeEB's credit line contributes to strengthening the private sector and helps secure a sustainable economic growth.
BSTDB is a local multilateral development bank. The bank's aim is to accelerate the economic development of its member countries and to support cooperations as well as trade between them.
OeEB and BSTDB have been long-standing partners with a first credit line of EUR 30 million signed in June 2012.