The EBRD is owned by 69 countries from five continents, as well as the European Union and the European Investment Bank. These shareholders have each made a capital contribution, which forms our core funding.
Each shareholder is represented individually on the Board of Governors of the EBRD which has overall authority over the Bank and sets its overall strategic direction. While retaining overall authority over the Bank, the Board of Governors has delegated the exercise of most of its powers to the Board of Directors. However, the Board of Governors remains solely responsible for determining membership to the Bank, changes in capital stock, appointment of Directors and the President of the Bank and decisions around financial statements and determining reserves and allocation of profits.
The Board of Governors have elected the Governor for Ireland as Chair and the Governors for Armenia and Uzbekistan as Vice Chairs for 2020-2021.
View other board of governors documents
EBRD Shareholders
|
Member country |
Date joined |
Capital subscription |
Governor |
Alternate |
|
18 Dec 1991 |
30,010 |
Ms Anila Denaj |
Ms Adela Xhemali |
|
|
Vice Chair of the Board of Governors 2020-2021
|
7 Dec 1992 |
14,990 |
Mr Tigran Avinyan |
Mr Avag Avanesyan |
|
30 Mar 1991 |
300,140 |
The Hon Josh Frydenberg MP |
Mr Luke Yeaman |
|
|
28 Mar 1991 |
684,320 |
Mr Gernot Blümel |
Ms Edith Frauwallner |
|
|
25 Sep 1992 |
30,010 |
Mr Mikayil Jabbarov |
Mr Samir Sharifov |
|
|
10 Jun 1992 |
60,020 |
Mr Dmitry Krutoy |
Mr Dmitry Yaroshevich |
|
|
10 Apr 1991 |
684,320 |
Mr Vincent van Peteghem |
Ms Meryame Kitir |
|
|
17 Jun 1996 |
50,710 |
Mr Vjekoslav Bevanda |
Ms Zora Vidović |
|
|
28 Mar 1991 |
237,110 |
Mr Kiril Ananiev |
Ms Nina Stoyanova |
|
|
28 Mar 1991 |
1,020,490 |
Ms Chrystia Freeland |
Ms Marta Morgan |
|
|
15 Jan 2016 |
29,000 |
Mr Gang Yi |
Mr Yulu Chen |
|
|
15 Apr 1993 |
109,420 |
Mr Zdravko Marić |
Mr Stipe Župan |
|
|
28 Mar 1991 |
30,010 |
Mr Constantinos Petrides |
Mr George Panteli |
|
|
1 Jan 1993 |
256,110 |
Ms Alena Schillerová |
Mr Jiří Rusnok |
|
|
28 Mar 1991 |
360,170 |
Mr Simon Kollerup |
Mr Michael Dithmer |
|
|
28 Mar 1991 |
21,010 |
Ms Rania A. Al-Mashat |
Mr Asem El-Gazzar |
|
|
28 Feb 1992 |
30,010 |
Mr Martin Helme |
Mr Veiko Tali |
|
|
28 Mar 1991 |
900,440 |
Vacant |
Ms Lilyana Pavlova |
|
|
28 Mar 1991 |
900,440 |
Mr Valdis Dombrovskis |
Mr Maarten Verwey |
|
|
28 Mar 1991 |
375,180 |
Mr Matti Vanhanen |
Ms Nina Vaskunlahti |
|
|
28 Mar 1991 |
2,556,510 |
Mr Bruno Le Maire |
Vacant |
|
|
4 Sep 1992 |
30,010 |
Mr Ivane Matchavariani |
Mr Koba Gvenetadze |
|
|
28 Mar 1991 |
2,556,510 |
Mr Olaf Scholz |
Mr Jörg Kukies |
|
|
29 Mar 1991 |
195,080 |
Mr Spyridon-Adonis Georgiadis |
Mr Ioannis Tsakiris |
|
|
28 Mar 1991 |
237,110 |
Mr Mihály Varga |
Mr László Balogh |
|
|
29 May 1991 |
30,010 |
Mr Bjarni Benediktsson |
Mr Guðmundur Árnason |
|
| India | 11 July 2018 | 9,860 | Ms Nirmala Sitharaman | Mr Tarun Bajaj |
|
Chair of the Board of Governors 2020-2021
|
28 Mar 1991 |
90,040 |
Mr Paschal Donohoe TD |
Mr Derek Moran |
|
28 Mar 1991 |
195,080 |
Mr Israel Katz |
Ms Shira Greenberg |
|
|
28 Mar 1991 |
2,556,510 |
Mr Roberto Gualtieri |
Ms Gelsomina Vigliotti |
|
|
2 Apr 1991 |
2,556,510 |
Mr Taro Aso |
Mr Haruhiko Kuroda |
|
|
29 Dec 2011 |
9,860 |
Mr Nasser Shraideh
|
Vacant
|
|
|
27 Jul 1992 |
69,020 |
Mr Alikhan Smailov |
Mr Ruslan Beketayev |
|
|
28 Mar 1991 |
300,140 |
Mr Nam Ki Hong |
Mr Ju Yeol Lee |
|
|
17 Dec 2012 |
5,800 |
Ms Hykmete Bajrami |
Vacant |
|
|
5 Jun 1992 |
21,010 |
Mr Sanjar Mukanbetov |
Ms Baktygul Jeenbaeva |
|
|
18 Mar 1992 |
30,010 |
Mr Jānis Reirs |
Mr Jānis Vitenbergs |
|
|
17 Jul 2017 |
9,860 |
Mr Ghazi Wazni |
Vacant |
|
| Libya |
16 July 2019 |
9,860 | To be appointed | To be appointed |
|
28 Mar 1991 |
5,990 |
Mr Daniel Risch |
Mr Roland Marxer |
|
|
5 Mar 1992 |
30,010 |
Ms Gintarė Skaistė |
Mr Mindaugas Liutvinskas |
|
|
28 Mar 1991 |
60,020 |
Mr Pierre Gramegna |
Mr Arsène Jacoby |
|
|
28 Mar 1991 |
2,100 |
Mr Edward Scicluna |
Mr Mario Vella |
|
|
28 Mar 1991 |
45,010 |
Mr Arturo Herrera Gutiérrez |
Mr Gabriel Yorio González |
|
|
5 May 1992 |
30,010 |
Mr Serghei Railean |
Mr Octavian Armaşu |
|
|
9 Oct 2000 |
2,990 |
Mr Khurelbaatar Chimed |
Mr Lkhagvasuren Byadran |
|
|
3 June 2006 |
5,990 |
Mr Milojko Spajić |
Ms Katarina Zivkovii |
|
|
28 Mar 1991 |
24,640 |
Mr Mohamed Benchaaboun |
Ms Faouzia Zaaboul |
|
|
28 Mar 1991 |
744,350 |
Mr Wopke Hoekstra |
Ms Sigrid Kaag |
|
|
19 Aug 1991 |
10,500 |
The Hon Grant Robertson |
Ms Caralee McLiesh |
|
| North Macedonia |
21 Apr 1993 |
17,620 |
Mr Fatmir Besimi |
Mr Fatmir Bytyqi |
|
28 Mar 1991 |
375,180 |
Mr Jan Tore Sanner |
Ms Lucie Katrine Sunde-Eidem |
|
|
28 Mar 1991 |
384,180 |
Mr Adam Glapiński |
Vacant |
|
|
5 Apr 1991 |
126,050 |
Mr João Leão |
Mr José Carlos Azevedo Pereira |
|
|
28 Mar 1991 |
144,070 |
Mr Alexandru Nazare |
Mr Mugur Isărescu |
|
|
9 Apr 1992 |
1,200,580 |
Mr Maksim Oreshkin |
Mr Sergey Storchak |
|
|
7 Jun 2019 |
2,030 | Mr Marco Gatti | Mr Nicola Ceccaroli | |
|
19 Jan 2001 |
140,310 |
Mr Siniša Mali |
Mr Goran Knežević |
|
|
1 Jan 1993 |
128,070 |
Mr Eduard Heger |
Mr Peter Kažimír |
|
|
23 Dec 1992 |
62,950 |
Mr Andrej Šircelj |
Mr Andrej Kavčič |
|
|
28 Mar 1991 |
1,020,490 |
Ms Nadia Calviño |
Ms Ana de la Cueva |
|
|
28 Mar 1991 |
684,320 |
Ms Magdalena Andersson |
Mr Max Elger |
|
|
29 Mar 1991 |
684,320 |
Federal Councillor Guy Parmelin |
Mr Raymund Furrer |
|
|
16 Oct 1992 |
21,010 |
Mr Farrukh Mahmour Hamralizoda |
Mr Jamshed Karimzoda |
|
|
29 Dec 2011 |
9,860 |
Mr Ali Kooli |
Ms Saloua Hsoumi Mejdoub |
|
|
28 Mar 1991 |
345,150 |
Mr Lütfi Elvan |
Mr Bülent Aksu |
|
|
1 Jun 1992 |
2,100 |
Mr Myratdurdy Orazdurdyyev |
Mr Merdanguly Palivanov |
|
|
13 Apr 1992 |
240,110 |
Mr Sergii Marchenko |
Mr Kiril Shevchenko |
|
|
28 Mar 1991 |
2,556,510 |
The Rt Hon Rishi Sunak, MP |
The Rt Hon Dominic Raab, MP |
|
|
28 Mar 1991 |
3,001,480 |
Mr Steven T. Mnuchin |
Mr Keith Krach |
|
|
Vice Chair of the Board of Governors 2020-2021
|
30 Apr 1992 |
44,120 |
Mr Sardor Umurzakov |
Mr Shukhrat Vafaev |
