THE BLACK SEA TRADE AND DEVELOPMENT BANK IS CONSIDERING PROJECTS IN UKRAINE FOR 155 MLN

The Black Sea Trade and Development Bank (BSTDB) is considering a portfolio of projects in Ukraine for possible implementation amounting to $ 155 million, including road infrastructure, agro-industry, commercial property, financial facilities, said bank chairman Dmytro Pankin.
In an interview with Interfax-Ukraine, he said that in 2021 the bank updated its $ 5 million trade finance facility with Creditwest Bank, and also completed operations to provide a certain number of loans: $ 15 million to Interpipe to support the company in debt capital markets and modernization of production facilities, some $ 20 million to a chain of Araks furniture shopping malls to improve efficiency energy, some $ 23 million to Epicenter to improve agricultural infrastructure.
Regarding the project announced in 2020 with Halnaftogaz, Pankin indicated that the bank is cooperating successfully with the company, but unfortunately could not agree on the price of the transaction announced last summer.
“The bank is ready to consider other opportunities for mutually beneficial cooperation with the company in the future,” said the chairman of BSTDB.
He also said that the bank is expanding the financing and placement of local currency securities in member countries to provide local currency loans to companies in those countries. According to him, BSTDB was the first multilateral development bank to offer such operations in Azerbaijan and Armenia.
“As far as Ukraine is concerned, at present the market situation does not allow us to attract the local currency by issuing national bonds at a cost that would allow us to offer attractive prices to Ukrainian borrowers” , Pankin said.

BSTDB, PROJECTS


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