ACRA affirmed credit rating of Black Sea Trade and Development Bank on April 5, 2021

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AK&M 08 April 2021 20:21

On April 5, 2021, Russia's Analytical Credit Rating Agency (ACRA) affirmed the credit rating of Black Sea Trade and Development Bank at A+, with a stable outlook, on the international scale, at AAA(RU), with a stable outlook, on the national scale of the Russian Federation, the rating agency informed.

The credit rating assigned to Black Sea Trade and Development Bank (hereinafter, BSTDB or the Bank) is driven by BSTDB's standalone creditworthiness assessment (SCA) of a+, which stems from strong capital adequacy, a satisfactory risk profile, and adequate liquidity and funding positions, ACRA notes.

BSTDB is an International Financial Institution (IFI) with a mandate of nurturing economic growth and regional cooperation through financing projects and trade activities, as well as providing financing to public and private entities in the Black Sea Region. The member states of BSTDB are the Russian Federation (16.50%), Greece (16.50%), the Republic of Turkey (16.50%), Romania (14.00%), the Republic of Bulgaria (13.50%), Ukraine (13.50%), the Republic of Azerbaijan (5.00%), the Republic of Albania (2.00%), the Republic of Armenia (1.00%), Georgia (0.5%), and the Republic of Moldova (0.5%).