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Capital & Shareholder 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.


Countries Ownership (%)
Russia flag Russia 16.5
Türkiye flag Türkiye 16.5
Greece flag Greece 16.5
Romania flag Romania 14.0
Bulgaria flag Bulgaria 13.5
Ukraine flag Ukraine 13.5
Azerbaijan flag Azerbaijan 5.0
Albania flag Albania 2.0
Armenia flag Armenia 1.0
Georgia flag Georgia 0.5
Moldova flag Moldova 0.5
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.