These terms and conditions supersede all prior notices, conditions, agreements or communications and constitute the entire agreement between BSTDB and the user with respect to the Website. Users are responsible for their use of the Site and any content they provide via a Tweet or Re-Tweet feed, including compliance with applicable laws, rules and regulations. They should only provide content that they like to share with others. Intellectual Property Rights The Site contains copyrighted material, trademarks and other proprietary information (collectively, the “Intellectual Property”), including text, photographs, video clips and graphics. Users may not modify, publish, transmit, display, participate in the transfer or sale, create derivative works from or commercially exploit in any way the content of the Website without the express prior written permission of BSTDB and / or the copyright owner, or unless expressly authorized by copyright law. Users acknowledge that users do not acquire property rights by downloading content from the Site. Although the Black Sea Economic Cooperation Organization has thirteen members, membership in the Bank includes only the eleven founding members: any dispute or claim arising out of or in connection with these Terms and Conditions shall be settled by arbitration in accordance with the UNCITRAL Arbitration Rules in force at the time of these Terms and Conditions. There is an arbitrator and the appointing authority is the London Court of International Arbitration. The seat and place of arbitration shall be London, England, and the English language shall be used throughout the arbitration. BSTDB and any User waive any right under the Arbitration Act 1996 or otherwise to appeal an arbitral award to the courts of England or elsewhere or to seek a preliminary point of law. Europe: Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, Ukraine General BSTDB reserves the exclusive right to modify, supplement, restrict, suspend or discontinue the Website or Material in any way at its sole discretion and for any reason and without notice to Users.

Under the Agreement establishing the Black Sea Trade and Development Bank, the Bank`s mission is to contribute effectively to the process of member states` transition to economic prosperity for the people of the region. This leads to a dual mandate for the Bank (i) to promote regional cooperation between Member States and (ii) to promote economic development in Member States, mainly through financing in the private and public sectors. BSTDB maintains the website exclusively as a service to its users without any form of insurance. The information contained herein is provided for informational purposes only. Users may visit the Website and download and copy materials from the Website for the User`s personal, non-commercial use without having the right to resell, redistribute or create derivative works thereof, subject to these Terms and Conditions and also subject to more specific restrictions that may apply to certain materials on the Website. The link to the BSTDB website websites may refer to the website without obtaining permission from BSTDB. However, these links must clearly identify the TSB AS THEBSB as the source of information on the Website and maintain the integrity of the Website unchanged. The BSTDB reserves the right to refuse permission to link to the Website and may at any time request users or websites to stop linking to the Website. BSTDB`s failure to exercise or enforce any right or provision of these Terms and Conditions shall not constitute a waiver of such right or provision. If any provision of the Terms and Conditions is held by a place of jurisdiction to be invalid or unenforceable, the remaining provisions of these Terms and Conditions shall remain in full force and effect. The Chairman of the Board is the Chief Executive Officer and the Chairman of the Board of Directors.

In accordance with Article 29 of the Agreement Establishing the Bank, the President, under the direction of the Board of Directors, shall direct the day-to-day operations of the Bank. Nothing on the Website (or any website to which the Website contains overwritten links) may be construed, implicitly or expressly, as containing any recommendation or investment advice or solicitation by or on behalf of the BSTDB to buy or sell securities or as a solicitation or inducement to engage in any investment activity under section 21(1) of the Financial Services and Markets Act 2000 of the United Kingdom. bplist00Ò_WebMainResource_WebSubresourcesÕ _WebResourceTextEncodingName_WebResourceMIMEType_WebResourceFrameName_WebResourceData^WebResourceURLUUTF-8Ytext/htmlPO±ÿ The Black Sea Trade and Development Bank (BSTDB) is a regional development bank established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine as an independent multilateral institution. The agreement establishing the BSTDB entered into force in January 1997 and the Bank became operational in June 1999. The Bank publishes audited financial statements in accordance with IFRS. Applicable law and jurisdiction These Terms and Conditions shall be construed in accordance with the laws of England. Links to BSTDB third-party websites may contain a series of hyperlinks or references to third-party websites, resources or advertisers, the inclusion of which in no way implies BSTDB`s endorsement, but is provided solely for the convenience of its users. These third-party websites are not under the control of BSTDB and BSTDB assumes no responsibility for the content, advertising, products or other materials made available on or through these websites, or the opinions and statements or hyperlinks expressed therein on these linked websites, and may determine availability, Accuracy, Do not guarantee the timeliness or relevance of these external documents. Disclaimer The content of the Website is provided for informational purposes only “as is” and “as available”. This information is subject to change at any time and without notice. Some information on the site is historical in nature and may now be outdated.

All historical information should be understood as speaking from the date of its first publication. The Bank is supervised by the Board of Governors, the Board of Directors, the President, three Vice-Presidents and the Secretary General. The Head of the Board of Directors and the Chairman of the Board of Directors of the Bank shall be the Director. The Board of Directors appoints the Vice-Presidents and the Secretary-General. [6] In 2018, Dmitry Pankin was appointed President for a four-year term. [7] These Terms and Conditions (the “Terms and Conditions”) apply to the use of the Website. By using the Site, Users (the “Users”) agree to be bound by these Terms and Conditions, including any changes made from time to time by BSTDB and posted on the Site. .