
Last modified: 2023-06-03 by  zachary harden
 zachary harden
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![[Black Sea Trade and Development Bank flag]](../images/i/int-bstdb.gif) 
 
image by Zoltan Horvath, 16 February 2011
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The Black Sea Trade and Development Bank (BSTDB) is an international financial 
institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, 
Greece, Moldova, Romania, Russia, Turkey, and Ukraine. With an authorized 
capital of SDR 1 billion, the Bank supports economic development and regional 
cooperation by providing trade and project financing, guarantees, and equity for 
development projects supporting both public and private enterprises in its 
member countries." 
Source :<http://www.bstdb.org/bank.htm>.
Valentin Poposki, 25 March 2007
The Black Sea Trade and Development Bank (BSTDB) is an international financial 
institution that supports economic development and regional cooperation by 
providing trade and project financing, guarantees, and equity for development 
projects supporting both public and private enterprises in its member countries. 
Objectives of the bank include promoting regional trade links, cross country 
projects, foreign direct investment, supporting activities that contribute to 
sustainable development, with an emphasis on the generation of employment in the 
member countries, ensuring that each operation is economically and financially 
sound and contributes to the development of a market orientation.It was 
established on January 24 1997, and headquartered in Thessaloniki, Greece.
Its members are: Albania, Armenia,
Azerbaijan, Bulgaria,
Georgia, Greece, 
Moldova, Romania, Russia,
Turkey, and Ukraine.
Zoltan Horvath, 16 February 2011
The
flag of BSTDB is shown on the website of Icelandic Patent Bureau. It should 
be the first image (the one with filename "0"), cause the other two images are 
shown as logos on the BSTDB site. However, I'm not sure which one is the flag, 
so I didn't attach any image.
Valentin Poposki, 25 March 2007
I didn't expect, but the flag (yes - it is the first image), is shown on the 
Bank's site in the Section of Photo gallery :<http://www.bstdb.org/gallery.htm> 
and <http://www.bstdb.org/photogallery/flag2.jpg>.
I check this section for eventual photo, but this is better. I'm out of credit 
for today. Anyone to make a shot?
Valentin Poposki, 25 March 2007
Its flag is blue with a large white wave of the Black Sea. Name of the 
organization is written in the upper part of the fly. 
Home page and image of flag: 
http://www.bstdb.org/
Zoltan Horvath, 16 February 2011