BAKU, Azerbaijan, September
29. The volume of funds disbursed by the Black
Sea Trade and Development Bank (BSTDB) under projects in Georgia
reached about 631.2 million euro as of August 31, 2026.
This was reflected in the bank’s portfolio data.
According to Trend’s calculations, the BSTDB Board of Directors
approved 47 projects in Georgia worth a total of 414.64 million
euro, while the number of signed projects reached 46, with a
combined value of 399.87 million euro.
The number of projects for which disbursements were made totaled
45, while the volume of funds actually disbursed amounted to 631.2
million euro.
The bulk of the BSTDB’s portfolio in Georgia is accounted for by
financial institutions, at 89.98%. Applying this structure to the
total disbursed financing of 631.2 million euro, the financial
sector accounts for about 567.96 million euro.
Utilities are the second-largest area, accounting for 6.81% of
the portfolio, or about 43 million euro.
The remaining sectors account for less than 4% of the portfolio:
industry accounts for 1.84%, or approximately 11.6 million euro,
while consumer staples account for 1.38%, or around 8.7 million
euro.
BSTDB projects in Georgia include $25 million in financing for
Basisbank to support small and medium-sized businesses and green
investments, $7 million in trade financing for Is Bank, as well as
7 million euro in financing for Terabank TF, 10 million euro for
TBC Leasing 5, and other projects.
The Black Sea Trade and Development Bank is an international
financial institution established by the member countries of the
Organization of the Black Sea Economic Cooperation. Georgia is
among the bank’s founding members.
