EBRD Shareholders and Board of Governors

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EBRD logo at EBRD HQ in London

The EBRD is owned by 71 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 Austria as Chair and the Governors for Georgia and Jordan as Vice Chairs for 2022-2023.

View other board of governors documents

EBRD Shareholders

Member country

Date joined

Capital subscription
(€ 000)

Governor

Alternate

Albania

18 Dec 1991

30,010

Ms Delina Ibrahimaj

Ms Adela Xhemali

Algeria
 
19 Oct 2021 2,030

Mr Brahim Djamel Kassali

Mr Ali Bouharaoua

Armenia

7 Dec 1992

14,990

Mr Tigran Khachatryan

Mr Vahe Hovhannisyan

Australia

30 Mar 1991

300,140

Mr Jim Chalmers

Mr Luke Yeaman

Austria

Chair of the Board of Governors 2022-2023

28 Mar 1991

684,320

Mr Magnus Brunner

Mr Harald Waiglein

Azerbaijan

25 Sep 1992

30,010

Mr Mikayil Jabbarov

Mr Samir Sharifov

Belarus

10 Jun 1992

60,020

Mr Dmitry Krutoy

Mr Dmitry Yaroshevich

Belgium

10 Apr 1991

684,320

Mr Vincent van Peteghem

Ms Meryame Kitir

Bosnia and Herzegovina 

17 Jun 1996

50,710

Mr Vjekoslav Bevanda

Ms Zora Vidović

Bulgaria

28 Mar 1991

237,110

Ms Rositza Velkova–Jeleva

Ms Nina Stoyanova

Canada

28 Mar 1991

1,020,490

Ms Chrystia Freeland

Ms Marta Morgan

China

15 Jan 2016

29,000

Mr Gang Yi

Mr Yulu Chen

Croatia

15 Apr 1993

109,420

Mr Marko Primorac

Mr Stipe Župan

Cyprus

28 Mar 1991

30,010

Mr Constantinos Petrides

Mr George Panteli

Czech Republic

1 Jan 1993

256,110

Mr Zbynĕk Stanjura

Mr Aleš Michl

Denmark

28 Mar 1991

360,170

Mr Simon Kollerup

Mr Michael Dithmer

Egypt

28 Mar 1991

21,010

Ms Rania Al-Mashat

Mr Asem El-Gazzar

Estonia

28 Feb 1992

30,010

Ms Annely Akkermann

Mr Märten Ross

European Investment Bank

28 Mar 1991

900,440

Mr Thomas Östros

Ms Lilyana Pavlova

European Union

28 Mar 1991

900,440

Mr Valdis Dombrovskis

Mr Maarten Verwey

Finland

28 Mar 1991

375,180

Ms Annika Saarikko

Ms Nina Vaskunlahti

France

28 Mar 1991

2,556,510

Mr Bruno Le Maire

Mr Emmanuel Moulin

Georgia

Vice Chair of the Board of Governors 2022-2023

4 Sep 1992

30,010

Mr Lasha Khutsishvili

Mr Koba Gvenetadze

Germany

28 Mar 1991

2,556,510

Mr Christian Lindner

Mr Carsten Pillath

Greece

29 Mar 1991

195,080

Mr Spyridon-Adonis Georgiadis

Mr Ioannis Tsakiris

Hungary

28 Mar 1991

237,110

Mr Márton Nagy

Mr Máté Lóga 

Iceland

29 May 1991

30,010

Mr Bjarni Benediktsson

Mr Guðmundur Árnason

India 11 July 2018 9,860 Ms Nirmala Sitharaman Mr Ajay Seth

Ireland

28 Mar 1991

90,040

Mr Paschal Donohoe 

Mr John Hogan

Israel

28 Mar 1991

195,080

Mr Avigdor Lieberman

Ms Shira Greenberg

Italy

28 Mar 1991

2,556,510

Mr Giancarlo Giorgetti

Ms Francesca Utili

Japan

2 Apr 1991

2,556,510

Mr Shunichi Suzuki

Mr Haruhiko Kuroda

Jordan

Vice Chair of the Board of Governors 2022-2023

29 Dec 2011

9,860

Ms Zeina Touqan
Mr Marwan Al-Refai

Kazakhstan

27 Jul 1992

69,020

Mr Yerulan Zhamaubayev

Mr Dauren Kenbeil

Korea, Republic of

28 Mar 1991

300,140

Mr Kyungho Choo

Mr Ju Yeol Lee

Kosovo

17 Dec 2012

5,800

Mr Hekuran Murati

Vacant 

Kyrgyz Republic

5 Jun 1992

21,010

Mr Daniyar Amangeldiev

Mr Almaz Baketaev

Latvia

18 Mar 1992

30,010

Mr Jānis Reirs

Ms Līga Kļaviņa

Lebanon

17 Jul 2017

9,860

Mr Youssef El Khalil

Mr Georges Maarrawi

Libya 16 July
2019
 
9,860 Mr Fakher Buferna Mr Basem H.I. Bbubaker

Liechtenstein

28 Mar 1991

5,990

Ms Sabine Monauni

Mr Markus Biedermann

Lithuania

5 Mar 1992

30,010

Ms Gintarė Skaistė 

Mr Mindaugas Liutvinskas

Luxembourg

28 Mar 1991

60,020

Ms Yuriko Backes

Mr Arsène Jacoby 

Malta

28 Mar 1991

2,100

Mr Edward Scicluna

Mr Clyde Caruana

Mexico

28 Mar 1991

45,010

Mr Rogelio Eduardo Ramírez de la O

Mr Gabriel Yorio González

Moldova

5 May 1992

30,010

Mr Sergiu Gaibu

Mr Octavian Armaşu

Mongolia

9 Oct 2000

2,990

Mr Javkhlan Bold

Mr Lkhagvasuren Byadran

Montenegro

3 June 2006

5,990

Mr Aleksandar Damjanović

Ms Katarina Živković

Morocco

28 Mar 1991

24,640

Ms Nadia Fettah

Ms Faouzia Zaaboul

Netherlands

28 Mar 1991

744,350

Ms Sigrid Kaag

Ms Liesje Schreinemacher

New Zealand

19 Aug 1991

10,500

Mr Grant Robertson

Ms Caralee McLiesh

North Macedonia

21 Apr 1993

17,620

Mr Fatmir Besimi

Mr Fatmir Bytyqi

Norway

28 Mar 1991

375,180

Mr Trygve Magnus Slagsvold Vedum

Mr Halvard Ingebrigtsen

Poland

28 Mar 1991

384,180

Mr Adam Glapiński

Ms Magdalena Rzeczkowska

Portugal

5 Apr 1991

126,050

Mr Fernando Medina

Mr José Carlos Azevedo Pereira

Romania

28 Mar 1991

144,070

Mr Adrian Câciu

Mr Mugur Isărescu

Russian Federation

9 Apr 1992

1,200,580

Mr Maxim G. Reshetnikov 

Mr Timur Maksimov

San Marino

7 Jun
2019
 
2,030 Mr Marco Gatti Mr Nicola Ceccaroli

Serbia

19 Jan 2001

140,310

Mr Siniša Mali

Ms Andjelka Atanasković

Slovak Republic

1 Jan 1993

128,070

Mr Igor Matovič

Mr Peter Kažimír

Slovenia

23 Dec 1992

62,950

Mr Klemen Boštjančič

Ms Nikolina Prah

Spain

28 Mar 1991

1,020,490

Ms Nadia Calviño

Mr Gonzalo García Andrés

Sweden

28 Mar 1991

684,320

Ms Elisabeth Svantesson

Ms Johanna Lybeck Lilja

Switzerland

29 Mar 1991

684,320

Mr Guy Parmelin

Mr Dominique Paravicini

Tajikistan

16 Oct 1992

21,010

Mr Jamshed Karimzoda

Mr Khurshed Ismailzoda 

Tunisia

29 Dec 2011

9,860

Mr Samir Saied

Ms Saloua Hsoumi Mejdoub

Türkiye

28 Mar 1991

345,150

Mr Nureddin Nebati

Mr Murat Zaman

Turkmenistan

1 Jun 1992

2,100

Mr Myratdurdy Orazdurdyyev

Mr Merdanguly Palivanov

Ukraine

13 Apr 1992

240,110

Mr Sergii Marchenko

Mr Kiril Shevchenko

United Arab Emirates 23 Sep 2021 2,030 Mr Mohamed Bin Hadi Al Hussaini Mr Younis Haji Al Khoori

United Kingdom

28 Mar 1991

2,556,510

Mr Jeremy Hunt

Mr James Cleverly

United States of America

28 Mar 1991

3,001,480

Mr Andy Baukol

Mr Jose W. Fernandez

Uzbekistan

30 Apr 1992

44,120

Mr Sardor Umurzakov

Mr Shukhrat Vafaev

 
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