Yerevan/Mediamax/. Chairman of Black Sea Trade and Development Bank (BSTDB) Andrey Kondakov arrived in Armenia today.

The delegation of the bank will meet with the President, Minister of Finance, Chairman of Armenian CB and leadership of “Ardshininvestbank”, Mediamax was informed in CB press service today.

Armenia’s share in Black Sea Trade and Development Bank makes 1%.

In the period between 2004 and 2010, the bank presented credits (credit lines, trade credits) to 8 production, 3 financial and 1 trade organizations in Armenia at the total sum of USD 73mln.

The remainder of the credits, provided by BSTDB to Armenian organizations as of 31.12.09 made USD 54.2mln, which makes 6% of the total credit portfolio of the bank.