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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 2020 is analysed as follows: (presented in EUR(000)


Country Shares Sharholding % Subscribed Callable Payable Paid
Albania 40.000 2,00 % 46.000 32.200 - 13.800
Armenia 20.000 1,00 % 23.000 16.100 - 6.900
Azerbaijan 100.000 5,00 % 115.000 80.500 - 34.500
Bulgaria 270.000 13,50 % 310.500 217.350 - 93.150
Georgia 10.000 0.50 % 11.500 8.050 - 3.450
Greece 330.000 16,50 % 379.500 265.650 - 113.850
Moldova 10.000 0.50 % 11.500 8.050 - 3.450
Romania 280.000 14,00 % 322.000 265.650 - 96.600
Russia 330.000 16,50 % 379.500 265.650 - 113.850
Turkey 330.000 16,50 % 379.500 265.650 - 113.850
Ukraine 270.000 13,50 % 310.500 217.350 - 93.150
Unallocated* 10.000 0,50%
Total 2.000.000 100 % 2.288.500 1.601.950 - 686.550
* Moldova reduced its shareholding from 1% to 0.5% in 2011, leaving 0.5% shares unallocated