Independent Balkan News Agency

ABBank makes financing deal with the BSTDB

ABBank makes financing deal with the BSTDB
The Greek Aegean Baltic Bank (ABBank), a private shipping bank, is the first bank to start trade financing with the Black Sea Trade and Development Bank (BSTDB). The Greek bank will assist its clients who import-export goods from member states of the BSTDB.

The President of BSTDB, Ugur Delikanli, has expressed his satisfaction for the deal with the private bank and underlined the symbolic importance of this action for further support of the Greek economy and state's budget, which will also increase trade in the wider region.

The CEO of ABBank, Theodore Afthonides, mentioned that this will increase import and export in the Black Sea region, an important fact for the bank.../IBNA

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