BSTDB’s USD 350 million bond issuance has been recognised as Supranational & Agency Bond Deal of the Year at the 2026 Global Banking & Markets Awards: CEE, Central Asia & Türkiye. Issued in February 2026, the three-year bond marked BSTDB’s return to the international bond market and attracted strong demand from investors worldwide. The award represents an important milestone in the Bank’s efforts to strengthen its funding profile and access to international capital markets. Our sincere thanks go to the investors and partner banks who supported this transaction. Their confidence strengthens our ability to finance projects supporting economic development and regional cooperation across the Black Sea region.

How can development banks better understand and demonstrate the difference their investments make? On 20–22 October, the Black Sea Trade and Development Bank (BSTDB) hosted the Fall Meeting of the Evaluation Cooperation Group at its headquarters in Thessaloniki. Marking the ECG's 30th anniversary, the meeting brought together Independent Evaluation Units of international financial institutions to enhance evidence-based evaluation of development impact, improving evaluation standards and using lessons learned to inform future decisions. Read more: bstdb.org/newsroom/bstdb-hos…

Financing major infrastructure and industrial investment increasingly depends on strong partnerships across institutions and markets. At the #WBGMeetings in Bangkok, BSTDB President Dr. Serhat Köksal met Wolfgang Behler, Global Head of Industries and Commerce, KfW IPEX-Bank. The meeting provided an opportunity to explore potential areas of cooperation and investment opportunities in sectors of shared interest, including infrastructure, energy and industry.

Financing sustainable investment remains a key area of cooperation between BSTDB and OeEB Oesterreichische Entwicklungsbank AG - The Development Bank of Austria. At the #WBGMeetings in Bangkok, BSTDB President Dr. Serhat Köksal met with Sabine Gaber, CEO and Member of the Executive Board at the OeEB. The meeting provided an opportunity to review ongoing cooperation and explore potential future financing opportunities in support of sustainable investment and private-sector development across the Black Sea region

Mobilising investment is central to Ukraine’s economic resilience and recovery. At the #WBGMeetings in Bangkok, BSTDB President Dr. Serhat Köksal met Oleksandr Kravchenko, Minister of Economy and Environment of Ukraine. The meeting continued BSTDB’s engagement with Ukraine as the Bank supports investment, private-sector resilience and economic recovery in the country.

Regional development banks can strengthen their impact by building partnerships across regions. At the #WBGMeetings in Bangkok, BSTDB President Dr. Serhat Köksal met with Gisela Sánchez Maroto, Executive President of @BCIE_Org and José Guillermo Guerrero, Executive Vice President. The meeting provided an opportunity to strengthen institutional dialogue and explore potential areas of cooperation between the two regional development banks in support of sustainable development and economic integration.

Long-standing partnerships help development institutions extend their reach and impact. On the sidelines of the #WBGMeetings in Bangkok, BSTDB President Dr. Serhat Köksal met Said Taufik Ridha, Director of Business Development at @TheOPECFund. The meeting provided an opportunity to discuss potential areas of cooperation, including funding and co-investment opportunities and to further strengthen the institutional relationship between the two institutions.

Closer cooperation among development finance institutions can help mobilise investment and strengthen support for sustainable growth. At the #WBGMeetings in Bangkok, BSTDB President Dr. Serhat Köksal met Tsutomu Yamamoto, Managing Director of the @MIGA. The meeting provided an opportunity to strengthen the institutional dialogue between BSTDB and MIGA and explore areas for further cooperation.

Regional investment benefits from stronger links between development finance institutions. During the 2026 IMF–World Bank Group Annual Meetings in Bangkok, BSTDB President Dr. Serhat Köksal met Baghdad Amreyev, President of the @TurkicFundOrg. The two institutions signed a Memorandum of Understanding establishing a framework for closer cooperation and supporting their shared interest in investment, private-sector development and regional economic cooperation. Learn more: bstdb.org/newsroom/bstdb-and…

BSTDB will be in Bangkok next week for the 2026 IMF–World Bank Group Annual Meetings. Led by President Dr. Serhat Köksal, the Bank’s delegation will hold a series of meetings with development finance institutions and financial partners, providing an opportunity to strengthen partnerships that can help mobilise investment and support sustainable growth and regional cooperation across the Black Sea region. Follow our updates from Bangkok throughout the week. #WBGMeetings #IMFMeetings 📸: @WorldBankGroup

Many investors want more evidence on the performance of development finance investments. As a long-time member of the Global Emerging Markets Risk Database, BSTDB is proud to contribute to the latest GEMs statistics, which now include, for the first time, a pilot study of returns to GEMs members. Together with GEMs default and recovery statistics, the new analysis helps improve understanding of lending outcomes in emerging markets and developing economies. Explore the publications and supporting materials: gemsriskdatabase.org

BSTDB is providing €75m to @holdingronesans to support strategic investments in Türkiye’s petrochemical, port, logistics and transport infrastructure. Part of a USD 461m financing package with @AIIB_Official, @ADB_HQ, @EBRD & @IFC_org, the investment will strengthen industrial capacity, supply chains and regional connectivity. Learn more: bstdb.org/newsroom/bstdb-pro…

BSTDB brought together businesses, banks and public institutions in Tbilisi to talk about investment, financing and what companies need to grow. The discussions focused on connectivity, energy and access to long-term finance, alongside direct meetings between Georgian companies and BSTDB banking teams. The event also included three financing agreements with Georgian banks, worth EUR 37 million in total. Learn more: bstdb.org/newsroom/bstdb-bri…

Strengthening SME finance and trade in Georgia. BSTDB has signed a EUR 5 million financing facility with Terabank to support lending to Georgian SMEs and trade finance. This is the third SME facility under the partnership between BSTDB and Terabank. Learn more: bstdb.org/newsroom/bstdb-pro…

Expanding access to finance for Georgian businesses. BSTDB and Isbank Georgia have signed a EUR 7 million SME facility to support investment, working capital and trade financing needs. The agreement further strengthens the partnership between the two institutions and supports the continued growth and competitiveness of Georgia’s SME sector. Learn more: bstdb.org/newsroom/bstdb-and…

BSTDB and Basisbank have signed a EUR 25 million SME facility in Tbilisi, expanding access to long-term financing for Georgian businesses. The agreement was signed during BSTDB Business Dialogues: Georgia and builds on more than 14 years of cooperation between the two institutions. Learn more: bstdb.org/newsroom/bstdb-sig…

As a regional multilateral development bank, we want to better understand where Georgian businesses see opportunities, what financing they need and what may be holding investment back. Tomorrow, we will host the first Georgia edition of BSTDB Business Dialogues in Tbilisi, bringing together businesses, banks and public institutions for practical discussion and direct engagement with BSTDB banking teams.

BSTDB is supporting one of Europe’s largest ground-mounted solar projects with EUR 16 million in long-term financing. The financing will support the up to 1.3 GW Dama Solar project in Romania, sponsored by Rezolv Energy, and forms part of an up to EUR 561 million package involving international financial institutions and commercial banks. Learn more: bstdb.org/newsroom/bstdb-pro…

Our President, Dr. Köksal, led a delegation to the #AIIBAnnualMeeting, where he met with AIIB Chief Investment Officer Konstantin Limitovskyi and CFO Gustavo De Rosa to explore ways to further strengthen the partnership between the two Banks. The meeting highlighted opportunities for closer cooperation in support of sustainable investment, connectivity and development across the region.

At the @AIIB_Official Annual Meeting in Doha, BSTDB President Dr. Köksal joined fellow panelists for “Across Borders: Connecting Regions, Building Resilience” panel. The discussion explored how stronger regional cooperation, coordinated investment & partnerships among countries and development institutions can help build more connected, reliable and resilient transport corridors. 👉: bit.ly/3VFI9DX #BSTDB #AIIBannualmeeting #RegionalConnectivity #MiddleCorridor