In May 2020, OeEB provided EUR 30 million to the Black Sea Trade & Development Bank (BSTDB) to finance investments in the countries of the Black Sea region. In addition, OeEB provided a further credit line of EUR 30 million, which is earmarked for green finance projects and financing to support the private sector in Ukraine. BSTDB and OeEB share a long-standing partnership. Credit lines of EUR 30 million and EUR 20 million were already made available in 2012 and 2016.
|Project name||Black Sea Trade & Development Bank (BSTDB)|
|Sector||Financial sector / Microfinance / SME|
|OeEB project volume||EUR 60 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.