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Financial Statements for the Year Ended 31 December 2020

BLACK SEA TRADE AND DEVELOPMENT BANK. Financial Statements for the Year Ended 31 December 2020. Together with Auditor's Report Table of Contents Page ---------------------------------------- ---------------------------------------- ---------------------------------------- --------- Independent Auditor's Report 2 5. Income Statement 6. Statement of Comprehensive Income 7. Statement of Financial Position 8. Statement of Changes in Members' Equity 9. Statement of Cash Flows 10. Notes to the Financial Statements 11 71. 1. Deloitte Certified Public Accountants 3a Fragkokklisias & Granikou str.

For the year ended 31 December 2020 Presented in thousands of EUR Note 2020 2019 Interest and similar income Interest and similar expense Net interest income (expense) on derivatives 7 8 9 97,856 (61,048) 7,427 93,969 (53,274) (4,113) Net interest income Net fees and commissions Dividend income

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