BSTDB’s Credit Rating Upgraded to “A” by Standard and Poor’s

Mihai-Alexandru Cristea 26/11/2021 | 19:30

Today the Black Sea Trade and Development Bank (BSTDB) received an upgrade of its long- and short-term issuer credit ratings from the S&P Global Ratings to ‘A/A-1’ from ‘A-/A-2’. The outlook is stable.


The credit rating agency stated that the upgrade reflects the BSTDB’s confirmed policy relevance, illustrated by solid loan book growth over the past three years and a recent decision from shareholders to inject new capital.  S&P notes BSTDB’s resilient and very strong financial risk profile, and the fact that the financial repercussions of the pandemic have only a mild impact on the Bank’s asset quality.

“This is the first full notch upgrade received by BSTDB in almost a decade and, given that it occurred during the current period of unprecedented global social and economic turmoil, reflects very positively on the Bank and sets a strong foundation for its future growth” – stated Dmitry Pankin, BSTDB President.

BR Magazine | Latest Issue

Download PDF or read online: December 2022 Issue | Business Review Magazine

The December 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Xclusiverse: Going Beyond the Traditional Ways of Doing Business.”
Mihai-Alexandru Cristea | 19/12/2022 | 18:45

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of
    I agree with the storage and handling of my data by
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue