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 the Netherlands as Chair and the Governors for Egypt and Lithuania as Vice Chairs for 2023-2024.
View other board of governors documents
EBRD Shareholders
|
Member country |
Date joined |
Capital subscription |
Governor |
Alternate |
|
18 Dec 1991 |
30,010 |
Ms Delina Ibrahimaj |
Ms Adela Xhemali |
|
|
Algeria |
19 Oct 2021 | 2,030 |
Mr Laaziz Faid |
Mr Ali Bouharaoua |
|
7 Dec 1992 |
14,990 |
Mr Vahe Hovhannisyan |
Mr Eduard Hakobyan |
|
|
30 Mar 1991 |
300,140 |
Mr Jim Chalmers |
Ms Katrina Di Marco |
|
|
28 Mar 1991 |
684,320 |
Mr Magnus Brunner |
Mr Harald Waiglein |
|
|
25 Sep 1992 |
30,010 |
Mr Mikayil Jabbarov |
Mr Samir Sharifov |
|
|
10 Jun 1992 |
60,020 |
Mr Aleksandr Chervyakov |
Mr Andrei Kartun | |
|
10 Apr 1991 |
684,320 |
Mr Vincent van Peteghem |
Ms Caroline Gennez |
|
|
17 Jun 1996 |
50,710 |
Ms Borjana Krišto |
Mr Staša Košarac |
|
|
28 Mar 1991 |
237,110 |
Mr Assen Vassilev |
Ms Nina Stoyanova |
|
|
28 Mar 1991 |
1,020,490 |
Ms Chrystia Freeland |
Mr David Morrison |
|
|
15 Jan 2016 |
29,000 |
Vacant |
Vacant |
|
|
15 Apr 1993 |
109,420 |
Mr Marko Primorac |
Mr Stipe Župan |
|
|
28 Mar 1991 |
30,010 |
Mr Makis Keravnos |
Mr George Panteli |
|
|
1 Jan 1993 |
256,110 |
Mr Zbynĕk Stanjura |
Mr Aleš Michl |
|
|
28 Mar 1991 |
360,170 |
Mr Morten Bødskov |
Mr Michael Dithmer |
|
|
Vice Chair of the Board of Governors 2023-2024 |
28 Mar 1991 |
21,010 |
Ms Rania Al-Mashat |
Mr Asem El-Gazzar |
|
28 Feb 1992 |
30,010 |
Mr Mart Võrklaev |
Mr Märten Ross |
|
|
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 Riikka Purra |
Vacant |
|
|
28 Mar 1991 |
2,556,510 |
Mr Bruno Le Maire |
Mr Emmanuel Moulin |
|
|
4 Sep 1992 |
30,010 |
Mr Lasha Khutsishvili |
Vacant |
|
|
28 Mar 1991 |
2,556,510 |
Mr Christian Lindner |
Mr Heiko Thoms |
|
|
29 Mar 1991 |
195,080 |
Mr Nikos Papathanasis |
Vacant |
|
|
28 Mar 1991 |
237,110 |
Mr Márton Nagy |
Mr Máté Lóga |
|
|
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 Michael McGrath |
Mr John Hogan |
|
|
28 Mar 1991 |
195,080 |
Mr Bezatel Smotrich |
Mr Shmuel Abramzon |
|
|
28 Mar 1991 |
2,556,510 |
Mr Giancarlo Giorgetti |
Ms Francesca Utili |
|
|
2 Apr 1991 |
2,556,510 |
Mr Shunichi Suzuki |
Mr Kazuo Ueda |
|
|
29 Dec 2011 |
9,860 |
Ms Zeina Toukan
|
Mr Marwan Al-Refai | |
|
27 Jul 1992 |
69,020 |
Mr Yerulan Zhamaubayev |
Mr Dauren Kenbeil |
|
|
28 Mar 1991 |
300,140 |
Mr Kyungho Choo |
Mr Chang Yong Rhee |
|
|
17 Dec 2012 |
5,800 |
Mr Hekuran Murati |
Vacant |
|
|
5 Jun 1992 |
21,010 |
Mr Daniiar Amangeldiev |
Mr Almaz Baketaev |
|
|
18 Mar 1992 |
30,010 |
Mr Arvils Ašeradens |
Ms Līga Kļaviņa |
|
|
17 Jul 2017 |
9,860 |
Mr Youssef El Khalil |
Mr Georges Maarrawi |
|
| Libya |
16 July 2019 |
9,860 | Mr Mohammed Yousef Elzidani | Mr Mohammed Salem Mohammed Abu Dena |
|
28 Mar 1991 |
5,990 |
Ms Sabine Monauni |
Mr Markus Biedermann |
|
|
Vice Chair of the Board of Governors 2023-2024 |
5 Mar 1992 |
30,010 |
Ms Gintarė Skaistė |
Mr Mindaugas Liutvinskas |
|
28 Mar 1991 |
60,020 |
Ms Yuriko Backes |
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 Dumitru Alaiba |
Mr Octavian Armaşu |
|
|
9 Oct 2000 |
2,990 |
Mr Javkhlan Bold |
Mr Lkhagvasuren Byadran |
|
|
3 June 2006 |
5,990 |
Mr Aleksandar Damjanović |
Ms Katarina Živković |
|
|
28 Mar 1991 |
24,640 |
Ms Nadia Fettah |
Ms Faouzia Zaaboul |
|
|
Chair of the Board of Governors 2023-2024 |
28 Mar 1991 |
744,350 |
Ms Sigrid Kaag |
Ms Liesje Schreinemacher |
|
19 Aug 1991 |
10,500 |
Mr Grant Robertson |
Ms Caralee McLiesh |
|
| North Macedonia |
21 Apr 1993 |
17,620 |
Mr Fatmir Besimi |
Mr Fatmir Bytyqi |
|
28 Mar 1991 |
375,180 |
Mr Trygve Magnus Slagsvold Vedum |
Mr Halvard Ingebrigtsen |
|
|
28 Mar 1991 |
384,180 |
Mr Adam Glapiński |
Ms Magdalena Rzeczkowska |
|
|
5 Apr 1991 |
126,050 |
Mr Fernando Medina |
Mr José Carlos Azevedo Pereira |
|
|
28 Mar 1991 |
144,070 |
Mr Marcel-Ioan Boloș |
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 |
Mr Tomislav Momirović |
|
|
1 Jan 1993 |
128,070 |
Mr Michal Horváth |
Mr Peter Kažimír |
|
|
23 Dec 1992 |
62,950 |
Mr Klemen Boštjančič |
Ms Nikolina Prah |
|
|
28 Mar 1991 |
1,020,490 |
Ms Nadia Calviño |
Mr Gonzalo García Andrés |
|
|
28 Mar 1991 |
684,320 |
Ms Elisabeth Svantesson |
Ms Johanna Lybeck Lilja |
|
|
29 Mar 1991 |
684,320 |
Mr Guy Parmelin |
Mr Dominique Paravicini |
|
|
16 Oct 1992 |
21,010 |
Mr Jamshed Karimzoda |
Mr Khurshed Ismailzoda |
|
|
29 Dec 2011 |
9,860 |
Mr Samir Saied |
Vacant |
|
|
28 Mar 1991 |
345,150 |
Mr Mehmet Şimşek |
Mr Osman Çelik |
|
|
1 Jun 1992 |
2,100 |
Mr Myratdurdy Orazdurdyyev |
Mr Merdanguly Palivanov |
|
|
13 Apr 1992 |
240,110 |
Mr Sergii Marchenko |
Mr Andriy Pyshnyy |
|
| United Arab Emirates | 23 Sep 2021 | 2,030 | Mr Mohamed Bin Hadi Al Hussaini | Mr Younis Haji Al Khoori |
|
28 Mar 1991 |
2,556,510 |
Mr Jeremy Hunt |
Mr James Cleverly |
|
|
28 Mar 1991 |
3,001,480 |
Mr Andy Baukol |
Mr Jose W. Fernandez |
|
|
30 Apr 1992 |
44,120 |
Mr Sardor Umurzakov |
Mr Shukhrat Vafaev |
