Member Countries

Members

The Black Sea Trade and Development Bank (BSTDB) was established by the founding 11 member countries of the Black Sea Economic Cooperation (BSEC) - Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine as a regional multilateral development bank and financial pillar of BSEC.

Shareholding Structure

The BSTDB authorized capital is SDR 3 billion (appx. USD 4,5 billion). The subscribed capital is SDR 2 billion. As an independent international financial institution, the Bank raises additional resources in international capital markets to finance its activities.

 

A statement of capital subscriptions illustrating the number of shares and the amount subscribed by each member is shown below, including their respective callable, payable and the amount paid. The capital subscription status at 31 December 2011 is analysed as follows:
Country Shares Sharholding Percent Subscribed Callable Payable Paid
  Presented in SDR (000)
Albania 40.000 2,00% 40.000 28.000 6.000 6.000
Armenia 20.000 1,00% 20.000 14.000 1.750 4.250
Azerbaijan 100.000 5,00% 100.000 70.000 8.750 21.250
Bulgaria 270.000 13,50% 270.000 189.000 23.625 57.375
Georgia 10.000 0,50% 10.000 7.000 0 3.000
Greece 330.000 16,50% 330.000 231.000 28.970 70.030
Moldova 10.000 0,50% 10.000 7.000 0 3.000
Romania 280.000 14,00% 280.000 196.000 25.426 58.574
Russia 330.000 16,50% 330.000 231.000 28.875 70.125
Turkey 330.000 16,50% 330.000 231.000 28.875 70.125
Ukraine 270.000 13,50% 270.000 189.000 40.500 40.500
Unallocated * 10.000 0,50%
Total 2,000,000 100% 1,990,000 1,393,000 192,771 404,229

* Moldova reduced its shareholding from 1% to 0.5% in 2011, leaving 0.5% shares unallocated



BSTDB Shareholding Structure


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