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BSTDB may fund SGC


“Azerbaijan has 5% equity in Black Sea Trade and Development Bank (BSTDB), 7.2% in our credits. This figure is not sufficient for us. We want this equity to be increased more. Therefore, we intend to introduce ourselves to Azerbaijan’s business environment to get more investors from Azerbaijan”, the President of the Black Sea Trade and Development Bank Ihsan Ugur Delikanli said.

 

“Azerbaijan is only country that we have equity in a bank in this country. This shows our confidence in Azerbaijan’s financial system”, he noted.

 

According to him, the BSTDB intends to join funding of the Southern Gas Corridor: “Firstly, Azerbaijani government should help us in here. Value of the funding is still unknown. It depends on a figure that would be demanded from us. As this is a megaproject covering several countries, we’d like to be part of this project”. 

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