BSTDB increases Ukraine project financing to €198m

The volume of financing projects of the Black Sea Trade and Development Bank (BSTDB) in Ukraine in the first half of 2020 increased by €34.17 million, or 20.8%, to €198.72 million.

The amount of unfulfilled obligations on projects in the country during this period almost halved to €35.28 million. The bank said that in January-June this year it increased its net interest income by 43.8% to €20.93 million, net operating income by 31.7% to €20.44 million, and net profit by 36.8% to €4.36 million. BSTDB's total assets rose by 5.65 to €2.47 billion during the period.

The bank in July issued bonds worth €150 million to increase its liquidity and assistance for post-pandemic recovery in the Black Sea region.