European Banks for reconstruction and development came into being in 1991. This bank uses financial tools and capital investments in order to improve the economies and strengthen the financial positions of more than 30 countries all over the globe. The basic aim of this bank was to support the communist countries. The bank is today owned by around 63 nations across the planet and the General Headquarters of the Bank are situated in London, United Kingdom. Although the bank is a listed bank and its shares are being traded in the stock markets publically, but the bank is more interested in structuring and strengthening private sector firms and institutions.
European Bank for reconstruction and development, or in short, EBRD, invests and advances loans for businesses and industries, banks, construction and development of new firms, and improvement and investment in existing companies as well. ERBD also works for the betterment of government owned service sectors and companies owned by public in order to help them with the process of privatization, with their services and restructuring the whole businesses. This bank has a rule of working with those countries only that have democratic nature of governments and do not support dictatorship nature of government at all.
A list of countries that are currently receiving investments and financial advancements from European Bank for reconstruction and development includes:
Now here under is the list of those countries that are just the financing members of ERBD:
- New Zealand
- United States of America
- South Korea
- Czech Republic
- United Kingdom
European Investment Bank and European Union are also one of the financing members of this bank.
European Bank for Reconstruction and Development in United Kingdom:
United Kingdom is considered to be the founder member of this bank. It is also one of the representatives of the Board of Directors of this bank, having 8.52% of the total capital share. According to the statistics as per the bank itself, EBRD has made investments of 17.8 billion pounds in United Kingdom to date and it has managed to work on 840 contracts in 2011. Other services of European Bank for Reconstruction and Development in United Kingdom include Co-Financing, Co operation with other British Banks, Donor Funding, Consultancy services and Procurement, and some others.
A very good thing about this bank is that it tailors the whole project according to the needs, and current financial and economical circumstances of that country and makes sure that the right decision is made at the right time with enough flexibility.