Shareholders and Board of Governors
The EBRD is owned by 73 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 Slovenia as Chair and the Governors for Iceland and Türkiye as Vice Chairs for 2024-2025.
Date of joining EBRD: 18 Dec 1991
Capital subscription (€ 000): 30,010
Governor: Mr Ervin Mete
Alternate: Ms Adela Xhemali
Date of joining EBRD: 19 Oct 2021
Capital subscription (€ 000): 2,030
Governor: Mr Laaziz Faid
Alternate: Mr Ali Bouharaoua
Date of joining EBRD: 7 Dec 1992
Capital subscription (€ 000): 14,990
Governor: Mr Vahe Hovhannisyan
Alternate: Mr Eduard Hakobyan
Date of joining EBRD: 30 Mar 1991
Capital subscription (€ 000): 300,140
Governor: Mr Jim Chalmers
Alternate: Ms Katrina Di Marco
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 684,320
Governor: Mr Magnus Brunner
Alternate: Mr Harald Waiglein
Date of joining EBRD: 25 Sep 1992
Capital subscription (€ 000): 30,010
Governor: Mr Mikayil Jabbarov
Alternate: Mr Samir Sharifov
Date of joining EBRD: 10 Jun 1992
Capital subscription (€ 000): 60,020
Governor: Mr Aleksandr Chervyakov
Alternate: Mr Andrei Kartun
Date of joining EBRD: 10 Apr 1991
Capital subscription (€ 000): 684,320
Governor: Mr Vincent van Peteghem
Alternate: Ms Caroline Gennez
Date of joining EBRD: 10 Apr 2024
Capital subscription (€ 000): 2,030
Governor: Mr Romuald Wadagni
Alternate: Mr Hugues Oscar Lokoussou
Date of joining EBRD: 17 Jun 1996
Capital subscription (€ 000): 50,710
Governor: Ms Borjana Krišto
Alternate: Mr Staša Košarac
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 237,110
Governor: Mr Lyudmila Petkova
Alternate: Mr Radoslav Milenkov
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 1,020,490
Governor: Ms Chrystia Freeland
Alternate: Mr David Morrison
Date of joining EBRD: 15 Jan 2016
Capital subscription (€ 000): 29,000
Governor: Mr Gongsheng Pan
Alternate: Mr Changneng Xuan
Date of joining EBRD: 15 Apr 1993
Capital subscription (€ 000): 109,420
Governor: Mr Marko Primorac
Alternate: Mr Stipe Župan
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 30,010
Governor: Mr Makis Keravnos
Alternate: Mr George Panteli
Date of joining EBRD: 1 Jan 1993
Capital subscription (€ 000): 256,110
Governor: Mr Zbynĕk Stanjura
Alternate: Mr Aleš Michl
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 360,170
Governor: Mr Morten Bødskov
Alternate: Mr Michael Dithmer
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 21,010
Governor: Ms Rania Al-Mashat
Alternate: Mr Asem El-Gazzar
Date of joining EBRD: 28 Feb 1992
Capital subscription (€ 000): 30,010
Governor: Mr Jürgen Ligi
Alternate: Mr Märten Ross
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 900,440
Governor: Mr Thomas Östros
Alternate: Ms Teresa Czerwińska
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 900,440
Governor: Mr Valdis Dombrovskis
Alternate: Mr Maarten Verwey
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 375,180
Governor: Ms Riikka Purra
Alternate: Mr Pasi Hellman
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 2,556,510
Governor: Mr Bruno Le Maire
Alternate: Mr Bertrand Dumont
Date of joining EBRD: 4 Sep 1992
Capital subscription (€ 000): 30,010
Governor: Mr Lasha Khutsishvili
Alternate: Vacant
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 2,556,510
Governor: Mr Christian Lindner
Alternate: Mr Heiko Thoms
Date of joining EBRD: 29 Mar 1991
Capital subscription (€ 000): 195,080
Governor: Mr Nikos Papathanasis
Alternate: Vacant
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 237,110
Governor: Mr Márton Nagy
Alternate: Mr Máté Lóga
Date of joining EBRD: 29 May 1991
Capital subscription (€ 000): 30,010
Governor: Mr Sigurður Ingi Jóhannsson
Alternate: Mr Sæmundsson
Date of joining EBRD: 11 July 2018
Capital subscription (€ 000): 9,860
Governor: Ms Nirmala Sitharaman
Alternate: Mr Ajay Seth
Date of joining EBRD: 14 Nov 2023
Capital subscription (€ 000): 2,030
Governor: Ms Taif Sami Mohammed
Alternate: Ms Bareen Abdulsalam Quasim
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 90,040
Governor: Mr Jack Chambers
Alternate: Mr John Hogan
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 195,080
Governor: Mr Bezalel Smotrich
Alternate: Mr Shmuel Abramzon
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 2,556,510
Governor: Mr Giancarlo Giorgetti
Alternate: Ms Francesca Utili
Date of joining EBRD: 2 Apr 1991
Capital subscription (€ 000): 2,556,510
Governor: Mr Shunichi Suzuki
Alternate: Mr Kazuo Ueda
Date of joining EBRD: 29 Dec 2011
Capital subscription (€ 000): 9,860
Governor: Ms Zeina Toukan
Alternate: Mr Marwan Al-Refai
Date of joining EBRD: 27 Jul 1992
Capital subscription (€ 000): 69,020
Governor: Mr Madi Takiev
Alternate: Mr Dauren Kenbeil
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 300,140
Governor: Mr Sang Mok Choi
Alternate: Mr Chang Yong Rhee
Date of joining EBRD: 17 Dec 2012
Capital subscription (€ 000): 5,800
Governor: Mr Hekuran Murati
Alternate: Vacant
Date of joining EBRD: 5 Jun 1992
Capital subscription (€ 000): 21,010
Governor: Mr Daniiar Amangeldiev
Alternate: Mr Almaz Baketaev
Date of joining EBRD: 18 Mar 1992
Capital subscription (€ 000): 30,010
Governor: Mr Arvils Ašeradens
Alternate: Ms Līga Kļaviņa
Date of joining EBRD: 17 Jul 2017
Capital subscription (€ 000): 9,860
Governor: Mr Youssef El Khalil
Alternate: Mr Georges Maarrawi
Date of joining EBRD: 16 July 2019
Capital subscription (€ 000): 9,860
Governor: Mr Mohammed Yousef Elzidani
Alternate: Mr Mohammed Salem Mohammed Abu Dena
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 5,990
Governor: Ms Sabine Monauni
Alternate: Mr Markus Biedermann
Date of joining EBRD: 1992
Capital subscription (€ 000): 30,010
Governor: Ms Gintarė Skaistė
Alternate: Mr Mindaugas Liutvinskas
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 60,020
Governor: Mr Gilles Roth
Alternate: Mr Arsène Jacoby
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 2,100
Governor: Mr Edward Scicluna
Alternate: Mr Clyde Caruana
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 45,010
Governor: Mr Rogelio Eduardo Ramírez de la O
Alternate: Mr Gabriel Yorio González
Date of joining EBRD: 5 May 1992
Capital subscription (€ 000): 30,010
Governor: Mr Dumitru Alaiba
Alternate: Mr Octavian Armaşu
Date of joining EBRD: 9 Oct 2000
Capital subscription (€ 000): 2,990
Governor: Mr Javkhlan Bold
Alternate: Mr Lkhagvasuren Byadran
Date of joining EBRD: 3 June 2006
Capital subscription (€ 000): 5,990
Governor: Mr Novica Vuković
Alternate: Ms Andrijana Uli Rajović
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 24,640
Governor: Ms Nadia Fettah
Alternate: Ms Faouzia Zaaboul
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 744,350
Governor: Mr Eelco Heinen
Alternate: Ms Reinette Klever
Date of joining EBRD: 19 Aug 1991
Capital subscription (€ 000): 10,500
Governor: Ms Nicola Willis
Alternate: Ms Caralee McLiesh
Date of joining EBRD: 21 Apr 1993
Capital subscription (€ 000): 17,620
Governor: Ms Gordana Dimitrieska-Kochoska
Alternate: Mr Fatmir Bytyqi
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 375,180
Governor: Mr Trygve Magnus Slagsvold Vedum
Alternate: Mr Tore Onshuus Sandvik
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 384,180
Governor: Mr Andrzej Domański
Alternate: Mr Paweł Karbownik
Date of joining EBRD: 5 Apr 1991
Capital subscription (€ 000): 126,050
Governor: Mr Joaquim Miranda Sarmento
Alternate: Mr José Carlos Azevedo Pereira
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 144,070
Governor: Mr Marcel-Ioan Boloș
Alternate: Mr Mugur Isărescu
Date of joining EBRD: 9 Apr 1992
Capital subscription (€ 000): 1,200,580
Governor: Mr Maxim G. Reshetnikov
Alternate: Mr Timur Maksimov
Date of joining EBRD: 7 Jun 2019
Capital subscription (€ 000): 2,030
Governor: Mr Marco Gatti
Alternate: Mr Maurizio Bragagni
Date of joining EBRD: 19 Jan 2001
Capital subscription (€ 000): 140,310
Governor: Mr Siniša Mali
Alternate: Mr Tomislav Momirović
Date of joining EBRD: 1 Jan 1993
Capital subscription (€ 000): 128,070
Governor: Mr Ladislav Kamenický
Alternate: Mr Peter Kažimír
Date of joining EBRD: 23 Dec 1992
Capital subscription (€ 000): 62,950
Governor: Mr Klemen Boštjančič
Alternate: Ms Nikolina Prah
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 1,020,490
Governor: Mr Carlos Cuerpo Caballero
Alternate: Ms Paula Conthe Calvo
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 684,320
Governor: Ms Elisabeth Svantesson
Alternate: Ms Johanna Lybeck Lilja
Date of joining EBRD: 29 Mar 1991
Capital subscription (€ 000): 684,320
Governor: Mr Guy Parmelin
Alternate: Mr Dominique Paravicini
Date of joining EBRD: 16 Oct 1992
Capital subscription (€ 000): 21,010
Governor: Mr Jamshed Karimzoda
Alternate: Mr Khurshed Ismailzoda
Date of joining EBRD: 29 Dec 2011
Capital subscription (€ 000): 9,860
Governor: Mr Samir Abdelhafidh
Alternate: Ms Saloua Hsoumi Mejdoub
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 345,150
Governor: Mr Mehmet Şimşek
Alternate: Mr Osman Çelik
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Date of joining EBRD: 1 Jun 1992
Capital subscription (€ 000): 2,100
Governor: Mr Myratdurdy Orazdurdyyev
Alternate: Mr Merdanguly Palivanov
Date of joining EBRD: 13 Aug 1992
Capital subscription (€ 000): 240,110
Governor: Mr Sergii Marchenko
Alternate: Mr Andriy Pyshnyy
Date of joining EBRD: 23 Sep 2021
Capital subscription (€ 000): 2,030
Governor: Mr Mohamed Bin Hadi Al Hussaini
Alternate: Mr Younis Haji Al Khoori
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 2,556,510
Governor: Ms Rachel Reeves
Alternate: Ms Anneliese Dodds
Date of joining EBRD: 28 Mar 1991
Capital subscription (€ 000): 3,001,480
Governor: Vacant
Alternate: Mr Jose W. Fernandez
Date of joining EBRD: 30 Apr 1992
Capital subscription (€ 000): 44,120
Governor: Mr Jamshid Khodjaev
Alternate: Mr Shukhrat Vafaev