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, Türkiye, 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 2021 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 |
Türkiye | 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 |