Spain: EBRD shareholder profile

Cityscape at sunset

Spain is a founding member of the EBRD and an important contributor to the Bank's work.


Since 1992, Spain has contributed €100 million: around €18 million of this amount has been through its three bilateral funds; financing efforts have focused on municipal and environmental infrastructure, transport and energy efficiency, particularly in Bulgaria, Romania, the Western Balkans, Turkey and Kazakhstan.


Spain and the EBRD: at a glance
€100m donor funds supporting EBRD operations
3.4% capital share
€4.1bn Spain-EBRD investments

Spain is also an important contributor to multi-donor funds such as the European Western Balkans Joint Fund under the Western Balkans Investment Framework and the Early Transition Countries Fund. In addition, significant contributions have been made to the Multilateral Carbon Credit Fund about €78 million. In 2016, Spain continued to support the green agenda of the Bank and has been one of the first donors to finance the Green Economy Transition Framework.

Spain is an important source of foreign direct investment in the EBRD’s countries of operations. The value of joint Spain-EBRD investment stood at €4.1 billion as of January 2017. EBRD finance accounted for €2.46 billion of this total and Spanish investment accounted for €1.64 billion.

Spain-EBRD investment has been strong in Poland with 60 per cent of joint investments followed by regional joint investments with 25 per cent and Romania with 15 per cent. Broken down by sector, joint Spain-EBRD investment has been 46 per cent in energy, 28 per cent in industry, commerce and agribusiness, 14 per cent in financial institutions and 12 per cent in infrastructure.

Spanish banks are also involved in the Trade Facilitation Programme (TFP), through which the EBRD guarantees the payment of trade finance instruments issued by banks in its countries of operations to foreign confirming banks. Through the Programme, the EBRD has supported 477 export and import transactions with Spanish companies totalling €147.3 million. Of the over 800 foreign confirming banks and bank branches participating in the TFP, 21 are Spanish.

In 2016 Spanish consultants won 20 consultancy contracts totalling €5.5 million for sustainable energy investment, legal reform and municipal infrastructure sectors.