Who We Are
Plain Text with Related link
Paste from Word Style is not applied to Text paragraph
Our History
The European Bank for Reconstruction and Development (EBRD) was founded in 1991 to create a new post-Cold War era in central and eastern Europe. We are now doing more than ever before - across three continents - to further progress towards market-oriented economies and the promotion of private and entrepreneurial initiative.
Structure and management
The EBRD is owned by 73 countries, as well as the European Union and the European Investment Bank.
Each shareholder is represented on the Board of Governors, which has overall authority over the Bank.
Our President is Odile Renaud-Basso (pictured right). The President manages our work under the guidance of the Board of Directors.
The Executive Committee and senior leadership group advise the President and oversee EBRD activities.
2024 election of the EBRD President
EBRD 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.
Structure and management
The EBRD is owned by 73 countries, as well as the European Union and the European Investment Bank.
Each shareholder is represented on the Board of Governors, which has overall authority over the Bank.
Our President is Odile Renaud-Basso (pictured right). The President manages our work under the guidance of the Board of Directors.
The Executive Committee and senior leadership group advise the President and oversee EBRD activities.
2024 election of the EBRD President
Support for small businesses
Overview
A vibrant small and medium-sized enterprise (SME) sector is a vital ingredient for a healthy market economy. SMEs constitute 99% of the total number of businesses across the countries where we work.We provide them with access to financing and advice helping them to innovate, grow and reach their true potential.
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.
EBRD 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.
| Member country | Date joined | Capital subscription (€ 000) | Governor | Alternate |
|---|---|---|---|---|
| Albania | 18 Dec 1991 | 30,010 | Mr Ervin Mete | Ms Adela Xhemali |
| Algeria | 19 Oct 2021 | 2,030 | Mr Laaziz Faid | Mr Ali Bouharaoua |
| Armenia | 7 Dec 1992 | 14,990 | Mr Vahe Hovhannisyan | Mr Eduard Hakobyan |
| Australia | 30 Mar 1991 | 300,140 | Mr Jim Chalmers | Ms Katrina Di Marco |
| Austria | 28 Mar 1991 | 684,320 | Mr Magnus Brunner | Mr Harald Waiglein |
Test
The EBRD’s Small Business Guide is an online resource with legal and business guidance to support micro, small and medium-sized enterprises (SMEs) in their response to new challenges following the Covid-19 pandemic. Apart from a general English-language tool, the website also contains separate Georgian, Moldovan and Ukrainian sections that offer country-specific legal and financial guidance in local language.The new website offers expert guidance to help owners and managers of Georgian SMEs to deal with financial challenges, manage relationships with suppliers, customers and employees, and steer through operational and strategic challenges. It also contains useful tools to digitalise businesses as well as to navigate a restructuring process. The platform provides businesses with legal guidance on corporate, employment and insolvency law, areas in which small firms have a strong demand for know-how and information. The website is structured around six modules or entry points:1. Developing your business strategy
2. Managing your people successfully
3. Running your business successfully
4. Taking your business online
5. Keeping your business finances healthy
6. Restructuring your business finances.Templates and cases studies support the guidance and help users to apply concepts in their day-to-day operations. No registration is required to use the site.This platform was developed with financial support from the United Kingdom government through the Good Governance Fund (GGF).
Support for small businesses
Overview
A vibrant small and medium-sized enterprise (SME) sector is a vital ingredient for a healthy market economy. SMEs constitute 99% of the total number of businesses across the countries where we work.We provide them with access to financing and advice helping them to innovate, grow and reach their true potential.
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.