Sharifov: Azerbaijan ready to support additional capitalization of BSTDB

Azerbaijan is ready to support additional capitalization of the Black Sea Trade and Development Bank (BSTDB), Azerbaijani Finance Minister Samir Sharifov said at the 24th annual meeting of the BSTDB Board of Governors, held June 23 in Baku, Report informs.

He noted that the country will continue to provide the necessary support in this matter.

“International financial institutions should assess all the challenges associated with the war in Ukraine and the pandemic,” he said.

In October last year, at an extraordinary meeting of the Board of Directors of the BSTDB, a decision was made to increase the authorized capital of the bank. The decision was made by a majority of votes, in particular, with the support of the largest shareholders of the bank - Turkiye, Russia and Greece.