Bank selects fresh leader for its presidentship
**New Leadership at the Black Sea Trade and Development Bank: Ihsan Ugur Delikanli Takes the Helm**
Ihsan Ugur Delikanli, a seasoned financial professional, has been appointed as the new president of the Black Sea Trade and Development Bank (BSTDB). He succeeds Andrey Kondakov, who served in the role from July 2010.
Delikanli's appointment by the BSTDB board of governors marks a fresh start for the bank, as it embarks on a four-year term with a renewed focus and direction.
Delikanli's career in the financial sector began in 1992, where he started as a sworn bank auditor at the under-secretariat of Treasury of the Republic of Turkey. He later moved to the Banking Regulation and Supervision Agency of Turkey, serving as head of the regulations department from 2005.
In 2009, Delikanli joined BSTDB as vice-president, and his contributions to the bank have been significant. He represented the Republic of Turkey at the Basel Banking Supervision Committee from 2009 to 2012, and in 2012, he moved to the private sector, serving as executive vice-president of one of the Turkish investment banks.
Under Delikanli's leadership, BSTDB has invested over €2.6bn since its establishment 15 years ago. The bank's investments have primarily supported economic policy priorities in member countries, focusing on trade, SMEs, and key sectors generating growth and employment.
With Delikanli at the helm, BSTDB is set to expand its operational presence in all eleven member countries and increase its focus on cross-border activities and regional cooperation. The bank also intends to offer a broader array of more sophisticated products in the coming years, although specific plans or details about these products have not been disclosed.
Delikanli's tenure at BSTDB has been marked by a commitment to expanding the bank's project portfolio, strengthening regional collaboration, and crafting innovative financing solutions tailored to the unique needs of the Black Sea region's economies. He has also played a key role in enhancing the bank's operational capacity and governance standards in line with international best practices.
As BSTDB enters a new era under Delikanli's leadership, it is poised to continue its mission of fostering economic development and regional cooperation among its member countries in the Black Sea region.
Delikanli, as the new president of the Black Sea Trade and Development Bank (BSTDB), aims to expand the bank's operational presence in all eleven member countries and increase its focus on cross-business activities and regional cooperation. During his tenure, BSTDB is expected to offer a broader array of more sophisticated financial products to cater to the unique needs of the Black Sea region's economies.
