Shareholders and Board of Governors

The EBRD is owned by 67 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. The Board of Governors has delegated the exercise of most of its powers to the Board of Directors. However, it 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.

EBRD Shareholders

Member country

Date joined

Capital subscription
(€ 000)

Governor

Alternate

Albania

18 Dec 1991

30,010

Mr Arben Ahmetaj

Mr Erjon Luçi

Armenia

7 Dec 1992

14,990

Mr Tigran Avinyan

Mr Avag Avanesyan

Australia

30 Mar 1991

300,140

The Hon Josh Frydenberg MP

The Hon Stuart Robert MP

Austria

28 Mar 1991

684,320

Mr Hartwig Löger

Dr Edith Frauwallner

Azerbaijan

25 Sep 1992

30,010

Mr Shahin Mustafayev

Mr Samir Sharifov

Belarus

10 Jun 1992

60,020

Mr Dmitry Krutoy

Mr Yury Seliverstov

Belgium

10 Apr 1991

684,320

Mr Johan Van Overtveldt

Mr Alexander De Croo

Bosnia and Herzegovina 

17 Jun 1996

50,710

Mr Mirko Šarović

Mr Adil Osmanović

Bulgaria

28 Mar 1991

237,110

Mr Vladislav Goranov

Mr Dimitar Kostov

Canada

28 Mar 1991

1,020,490

The Hon Bill Morneau

Mr Ian Shugart

China

15 Jan 2016

29,000

Mr Gang Yi

Vacant

Croatia

15 Apr 1993

109,420

Mr Zdravko Marić

Mr Stipe Župan

Cyprus

28 Mar 1991

30,010

Mr Harris Georgiades

Mr Christos Patsalides

Czech Republic

1 Jan 1993

256,110

Ms Alena Schillerová

Mr Jiří Rusnok

Denmark

28 Mar 1991

360,170

Mr Rasmus Jarlov

Mr Michael Dithmer

 

Egypt

28 Mar 1991

21,010

Dr Sahar Nasr

Dr Mostafa Madbouly

Estonia

28 Feb 1992

30,010

Mr Toomas Tõniste

Mr Veiko Tali

European Investment Bank

28 Mar 1991

900,440

Mr Alexander Stubb

Mr Vazil Hudak

European Union

28 Mar 1991

900,440

Mr Jyrki Katainen

Mr Marco Buti

Finland

28 Mar 1991

375,180

Mr Petteri Orpo

Mr Markku Keinänen

FYR Macedonia

21 Apr 1993

17,620

Mr Dragan Tevdovski

Mr Koco Angjushev

France

28 Mar 1990

2,556,510

Mr Bruno Le Maire

Mrs Odile Renaud-Basso

Georgia

4 Sep 1992

30,010

Mr Ivane Matchavariani

Mr Koba Gvenetadze

Germany

28 Mar 1991

2,556,510

Mr Olaf Scholz

Dr Jörg Kukies

Greece

29 Mar 1991

195,080

Mr Yannis Dragasakis

Mr Ilias Xanthakos

Hungary

28 Mar 1991

237,110

Mr Mihály Varga

Mr László Balogh

Iceland

29 May 1991

30,010

Mr Bjarni Benediktsson

Mr Guðmundur Árnason

India 11 July 2018 9,860 Mr Arun Jaitley Mr Subhash Chandra Garg

Ireland

28 Mar 1991

90,040

Mr Paschal Donohoe TD

Mr Derek Moran

Israel

28 Mar 1991

195,080

Mr Moshe Kahlon

Mr Yoel Naveh

Italy

28 Mar 1991

2,556,510

Mr Giovanni Tria

Ms Gelsomina Vigliotti

Japan

2 Apr 1991

2,556,510

Mr Taro Aso

Mr Haruhiko Kuroda

Jordan

29 Dec 2011

9,860

Dr Mary Kawar
Ms Zeina Toukan

Kazakhstan

27 Jul 1992

69,020

Mr Bakhyt Sultanov

Vacant

Korea, Republic of

28 Mar 1991

300,140

Mr Dong Yeon Kim

Mr Juyeol Lee

Kosovo

17 Dec 2012

5,800

Mr Bedri Hamza

Vacant 

Kyrgyz Republic

5 Jun 1992

21,010

Mr Oleg Pankratov

Mr Adylbek Kasymaliev

Latvia

18 Mar 1992

30,010

Ms Dana Reizniece-Ozola

Mr Arvils Ašeradens

Lebanon

17 Jul 2017

9,860

Mr Ali Hassan Khalil

Mr Alain Bifani

Liechtenstein

28 Mar 1991

5,990

Dr Daniel Risch

Mr Roland Marxer

Lithuania

5 Mar 1992

30,010

Mr Vilius Šapoka

Ms Miglė Tuskienė

Luxembourg

28 Mar 1991

60,020

Mr Pierre Gramegna

Mr Arsène Jacoby 

Malta

28 Mar 1991

2,100

Prof Edward Scicluna

Dr Mario Vella

Mexico

28 Mar 1991

45,010

Mr José Antonio Meade Kuribreña

Mr Miguel Messmacher Linartas

Moldova

5 May 1992

30,010

Mr Chiril Gaburici

Mr Sergiu Cioclea

Mongolia

9 Oct 2000

2,990

Mr Chimed Khurelbaatar

Mr Bayartsaikhan Nadmid

Montenegro

3 June 2006

5,990

Mr Darko Radunović

Mr Dragan Darmanović

Morocco

28 Mar 1991

24,640

Mr Mohamed Benchaaroun

Mrs Faouzia Zaaboul

Netherlands

28 Mar 1991

744,350

Mr Wopke B Hoekstra

Ms Sigrid Kaag

New Zealand

19 Aug 1991

10,500

The Hon Murray McCully

Mr David Evans

Norway

28 Mar 1991

375,180

Ms Siv Jensen

Mr Roy Angelvik

Poland

28 Mar 1991

384,180

Mr Adam Glapiński

Mr Piotr Nowak

Portugal

5 Apr 1991

126,050

Mr Mário Centeno

Mr José Carlos Azevedo Pereira

Romania

28 Mar 1991

144,070

Mr Eugen Orlando Teodorovici

Mr Mugur Isarescu

Russian Federation

9 Apr 1992

1,200,580

Mr Maksim Stanislavovich Oreshkin

Mr Sergey Storchak

Serbia

19 Jan 2001

140,310

Mr Siniša Mali

Mr Goran Knežević

Slovak Republic

1 Jan 1993

128,070

Mr Peter Kažimír

Mr Jozef Makúch

Slovenia

23 Dec 1992

62,950

Mr Andrej Bertoncelj

Vacant

Spain

28 Mar 1991

1,020,490

Ms Nadia Calviño

Ms Ana de la Cueva

Sweden

28 Mar 1991

684,320

Ms Magdalena Andersson

Ms Karolina Ekholm

Switzerland

29 Mar 1991

684,320

Federal Councillor Johann N Schneider-Ammann

Ambassador Raymund Furrer

Tajikistan

16 Oct 1992

21,010

Mr Jamoliddin Nuraliev

Mr Jamshed Karimzoda

Tunisia

29 Dec 2011

9,860

Mr Zied Ladhari

Mrs Saloua Hsoumi Majdoub

Turkey

28 Mar 1991

345,150

Mr Berat Albayrak

Mr Bülent Aksu

Turkmenistan

1 Jun 1992

2,100

Mr Muratniyaz Berdiyev

Mr Merdanguly Magtymgulyevich Palivanov

Ukraine

13 Apr 1992

240,110

Mrs Oksana Markarova

Mr Yakiv Smolii

United Kingdom

28 Mar 1991

2,556,510

The Rt Hon Philip Hammond MP

The Rt Hon Penny Mordaunt MP

United States of America

28 Mar 1991

3,001,480

Mr Steven T. Mnuchin

Vacant

Uzbekistan

30 Apr 1992

44,120

Mr Sukhrob R. Kholmuradov

Vacant