Capital & Shareholder structure
CAPITAL STRUCTURE
- The Black Sea Trade and Development Bank initially had SDR 1 billion (EUR1.15 billion) of authorized share capital, comprising SDR 300 million paid-in and SDR 700 million callable;
- A capital increase of SDR 2 billion (EUR 2.3 billion) was authorized by the Board of Governors in 2007. SDR 1 billion (EUR1.15 billion) was committed for subscription by the existing shareholders. This additional capital has the same 30% payable and 70% callable structure. The 30% payable portion is scheduled to be fully paid by the end of 2018.
- As at 21st June 2013 the Bank’s capital was redenominated to EUR.
- As at 31st December 2019: Authorized Capital was EUR 3.45 billion, Subscribed Capital EUR 2.29 billion and Paid in Capital EUR 686.6 million.
DIVERSIFIED SHAREHOLDER STRUCTURE
| Countries | Ownership (%) |
|---|---|
 Russia |
16.5 |
 Türkiye |
16.5 |
 Greece |
16.5 |
 Romania |
14.0 |
 Bulgaria |
13.5 |
 Ukraine |
13.5 |
 Azerbaijan |
5.0 |
 Albania |
2.0 |
 Armenia |
1.0 |
 Georgia |
0.5 |
 Moldova |
0.5 |
Notes
i) In 2011 Moldova requested and the Board of Governors approved a reduction in its shareholdings from 1% to 0.5%. Therefore, 0.5% of the BSTDB subscribed capital is unallocated.
i) In 2011 Moldova requested and the Board of Governors approved a reduction in its shareholdings from 1% to 0.5%. Therefore, 0.5% of the BSTDB subscribed capital is unallocated.