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 2015 is analysed as follows:


Country Shares Sharholding Percent Subscribed Callable Payable Paid
  Presented in EUR (000)
Albania 40.000,00 2,00% 46.000,00 32.200,00 5.170,00 8.630,00
Armenia 20.000,00 1,00% 23.000,00 16.100,00 86,300 6.037,00
Azerbaijan 100.000,00 5,00% 115.000,00 80.500,00 4.312,00 30.188,00
Bulgaria 270.000,00 13,50% 310.500,00 217.350,00 11.644,00 81.506,00
Georgia 10.000,00 0,50% 11.500,00 8.050,00 0 3.450,00
Greece 330.000,00 16,50% 379.500,00 265.650,00 14.231,00 99.619,00
Moldova 10.000,00 0,50% 11.500,00 8.050,00 0 3.450,00
Romania 280.000,00 14,00% 322.000,00 225.400,00 12.506,00 84.094,00
Russia 330.000,00 16,50% 379.500,00 265.650,00 14.231,00 99.619,00
Turkey 330.000,00 16,50% 379.500,00 265.650,00 14.231,00 99.619,00
Ukraine 270.000,00 13,50% 310.500,00 217.350,00 32.949,00 60.201,00
Unallocated * 10.000 0,50%
Total 2.000.000,00 100% 2.288.500,00 1.601.950,00 110.137,00 576.413,00

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



BSTDB Shareholding Structure