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BSTDB gets 34% decline in outstanding balance in Azerbaijan


As at the end of 2017, the outstanding balance of the Black Sea Trade and Development Bank (BSTDB) in Azerbaijan stood at EUR 60.710 million, down 33.5% from previous year, APA-Economics reports citing to bank’s financial statement dated December 31, 2017.  

 

Undrawn commitments for Azerbaijan fell 30.8% to EUR 18.791 million.

 

As of January 1, 2018, bank’s portfolio on the projects in Azerbaijan, Albania, Armenia, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine amounted to EUR 1,166,442,000. 

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