DəmirBank

On November 23, 2005 a significant event happened in the history of DemirBank. One of the most prestigious financial institutions of the world the European Bank for Reconstruction and Development (EBRD) became the shareholder of Demirbank. According to the terms of contract EBRD has 25%+1 share of the bank.
The next significant event was joining of Netherlands Development Finance Company (FMO) to the ownership structure of DemirBank. The contract was signed on November 30, 2007. According to its terms FMO became the owner of 10% share of DemirBank.

The participation of international financial institutions in the capital of DemirBank once again underscores its reliability and opens new opportunities for its future development.

EBRD and FMO with total of “35%+1 share” are represented in the bank’s Board of Directors/Supervisory Board and take active part in the adoption of strategic decisions of the bank.

The ownership structure of DemirBank:

• 65% - local shareholders (individuals and legal entities);
• 25%+1 share – European Bank for Reconstruction and Development (EBRD);
• 10% - Netherlands Development Finance Company (FMO).

European Bank for Reconstruction and Development (EBRD)

European Bank for Reconstruction and Development with head office in London started its activity in April 1991.

EBRD was established by 40 countries of Europe, European Commission and European Investment Bank with the purpose of developing market economy and private sector in the countries of Europe and Central Asia. Currently EBRD is owned by 61 countries and 2 international organizations.

EBRD is operating in 30 countries of Europe and Central Asia mobilizing vast financial resources and directing them to the development of these countries. EBRD mainly invests in capital and finances various projects of banks, enterprises and companies.

EBRD charter capital is 22 bln euro. EBRD has the highest ratings of international rating agencies: AAA from Standard & Poor’s, Aaa from Moody’s and AAA from Fitch.

For more detailed information visit www.ebrd.com .

Netherlands Development Finance Company (FMO)

FMO was founded in 1970 by Holland Government (51%), group of leading Holland banks (42%), and approximately 100 different companies and associations (7%) with the objective of developing private sector in developing countries.

FMO is active in 80 countries of Eastern Europe, Asia, Africa and Latin America with the total investment portfolio of 4.2 bln euro.

Since 1999 FMO has the highest AAA credit rating from international rating agency Standard & Poor’s.

For more detailed information visit www.fmo.nl.