The EBRD is owned by 70 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 Portugal as Chair and the Governors for Estonia and Morocco as Vice Chairs for 2021-2022.
View other board of governors documents
EBRD Shareholders
|
Member country |
Date joined |
Capital subscription |
Governor |
Alternate |
|
18 Dec 1991 |
30,010 |
Vacant |
Ms Adela Xhemali |
|
|
7 Dec 1992 |
14,990 |
Mr Tigran Khachatryan |
Mr Vahe Hovhannisyan |
|
|
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 Valery Beltchev |
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 |
|
|
Vice Chair of the Board of Governors 2021-2022 |
28 Feb 1992 |
30,010 |
Ms Keit Pentus-Rosimannus |
Vacant |
|
28 Mar 1991 |
900,440 |
Mr Thomas Östros |
Ms Lilyana Pavlova |
|
|
28 Mar 1991 |
900,440 |
Mr Valdis Dombrovskis |
Mr Maarten Verwey |
|
|
28 Mar 1991 |
375,180 |
Ms Annika Saarikko |
Ms Nina Vaskunlahti |
|
|
28 Mar 1991 |
2,556,510 |
Mr Bruno Le Maire |
Mr Emmanuel Moulin |
|
|
4 Sep 1992 |
30,010 |
Mr Lasha Khutsishvili |
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 Ajay Seth |
|
28 Mar 1991 |
90,040 |
Mr Paschal Donohoe |
Mr John Hogan |
|
|
28 Mar 1991 |
195,080 |
Mr Avigdor Lieberman |
Ms Shira Greenberg |
|
|
28 Mar 1991 |
2,556,510 |
Mr Daniele Franco |
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 Dauren Kenbeil |
|
|
28 Mar 1991 |
300,140 |
Mr Nam Ki Hong |
Mr Ju Yeol Lee |
|
|
17 Dec 2012 |
5,800 |
Mr Hekuran Murati |
Vacant |
|
|
5 Jun 1992 |
21,010 |
Mr Akylbek Zhaparov |
Mr Ruslan Tatikov |
|
|
18 Mar 1992 |
30,010 |
Mr Jānis Reirs |
Mr Jānis Vitenbergs |
|
|
17 Jul 2017 |
9,860 |
Mr Ghazi Wazni |
Mr Georges Maarrawi |
|
| Libya |
16 July 2019 |
9,860 | To be appointed | To be appointed |
|
28 Mar 1991 |
5,990 |
Ms Sabine Monauni |
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 Clyde Caruana |
|
|
28 Mar 1991 |
45,010 |
Mr Rogelio Eduardo Ramírez de la O |
Mr Gabriel Yorio González |
|
|
5 May 1992 |
30,010 |
Mr Sergiu Gaibu |
Mr Octavian Armaşu |
|
|
9 Oct 2000 |
2,990 |
Mr Javkhlan Bold |
Mr Lkhagvasuren Byadran |
|
|
3 June 2006 |
5,990 |
Mr Milojko Spajić |
Ms Katarina Zivkovii |
|
|
Vice Chair of the Board of Governors 2021-2022 |
28 Mar 1991 |
24,640 |
Mr Mohamed Benchaaboun |
Ms Faouzia Zaaboul |
|
28 Mar 1991 |
744,350 |
Mr Wopke Hoekstra |
Vacant |
|
|
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 |
Mr Tadeusz Kościński |
|
|
Chair of the Board of Governors 2021-2022 |
5 Apr 1991 |
126,050 |
Mr João Leão |
Mr José Carlos Azevedo Pereira |
|
28 Mar 1991 |
144,070 |
Mr Dan Vîlceanu |
Mr Mugur Isărescu |
|
|
9 Apr 1992 |
1,200,580 |
Mr Maxim G. Reshetnikov |
Mr Timur Maksimov |
|
|
7 Jun 2019 |
2,030 | Mr Marco Gatti | Mr Nicola Ceccaroli | |
|
19 Jan 2001 |
140,310 |
Mr Siniša Mali |
Ms Andjelka Atanasković |
|
|
1 Jan 1993 |
128,070 |
Mr Igor Matovič |
Mr Peter Kažimír |
|
|
23 Dec 1992 |
62,950 |
Mr Andrej Šircelj |
Ms Nina Marin |
|
|
28 Mar 1991 |
1,020,490 |
Ms Nadia Calviño |
Mr Gonzalo García Andrés |
|
|
28 Mar 1991 |
684,320 |
Ms Magdalena Andersson |
Mr Max Elger |
|
|
29 Mar 1991 |
684,320 |
Federal Councillor Guy Parmelin |
Mr Dominique Paravicini |
|
|
16 Oct 1992 |
21,010 |
Mr Jamshed Karimzoda |
Mr Khurshed Ismailzoda |
|
|
29 Dec 2011 |
9,860 |
Mr Ali Kooli |
Ms Saloua Hsoumi Mejdoub |
|
|
28 Mar 1991 |
345,150 |
Mr Lütfi Elvan |
Mr Şakir Ercan Gül |
|
|
1 Jun 1992 |
2,100 |
Mr Myratdurdy Orazdurdyyev |
Mr Merdanguly Palivanov |
|
|
13 Apr 1992 |
240,110 |
Mr Sergii Marchenko |
Mr Kiril Shevchenko |
|
| United Arab Emirates | 23 Sep 2021 | 2,030 | To be appointed | To be appointed |
|
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 Andy Baukol |
Mr Jose W. Fernandez |
|
|
30 Apr 1992 |
44,120 |
Mr Sardor Umurzakov |
Mr Shukhrat Vafaev |
