The Bank has a two-tier corporate governance structure:
- The Council is the supreme governing body responsible for general management of the Bank's activities;
- The Management Board is an executive body that directly manages the operational activities of the Bank within the powers granted to it by the Charter and in accordance with the decisions of the Council of the Bank.
In addition, for the purpose of regular auditing of the Bank's activities, the Auditing Commission operates - a collegial body accountable to the Bank's Council.
The Bank also created specialized collegial bodies reporting to the Bank's Management Board:
- Asset, Liability and Risks Committee;
- Credit Committee;
- Budget Committee;
- Strategic Development Committee;
- Procurement Committee;
- Technological Сommittee.
The Council is the supreme governing body of the Bank and consists of plenipotentiary representatives of all member countries of the Bank, usually senior officials of the ministries of finance and national state-owned banks. Moreover, each member country of the Bank has one vote, regardless of the size of its contribution to the capital of the Bank.
Heads of delegation

Marinela Petrova
Deputy Minister of Finance of the Republic of Bulgaria

Republic of Bulgaria

Marinela Petrova
Deputy Minister of Finance of the Republic of Bulgaria

Timur Maksimov
Deputy Minister of Finance of the Russian Federation

Russian Federation

Timur Maksimov
Deputy Minister of Finance of the Russian Federation

Le Minh Hung
Governor of the State Bank of Vietnam

Socialist Republic of Vietnam

Le Minh Hung
Governor of the State Bank of Vietnam

Javkhlan Bold
Minister of Finance of Mongolia

Mongolia

Javkhlan Bold
Minister of Finance of Mongolia

Adam Glapinski
President of Narodowy Bank Polski

Republic of Poland

Adam Glapinski
President of Narodowy Bank Polski

Sebastian-Ioan Burduja
Secretary of State, Ministry of Public Finance of Romania

Romania

Sebastian-Ioan Burduja
Secretary of State, Ministry of Public Finance of Romania

Appointment in progress

The Slovak Republic

Appointment in progress

Lenka Dupakova
Deputy Minister of Finance of the Czech Republic

Czech Republic

Lenka Dupakova
Deputy Minister of Finance of the Czech Republic
For representatives of Member States
The Management Board of the Bank is an executive body and directly manages the operational activities of the Bank within the powers granted to it by the Charter and in accordance with decisions of the Council of the Bank. The Board consists of the Chairman and members of the Board, appointed by the Council from citizens of each member country of the Bank.
Chairman of the Board

Denis Ivanov
Chairman of the Board

Russian Federation
Born in 1974 in Moscow. In 1997 he graduated with honors from the Moscow State Institute of International Relations. In 2011 received an MBA from the Cass Business School in London. He also holds a certificate of advanced training in Corporate Finance from the London Business School.

Denis Ivanov
Chairman of the Board
Born in 1974 in Moscow. In 1997 he graduated with honors from the Moscow State Institute of International Relations. In 2011 received an MBA from the Cass Business School in London. He also holds a certificate of advanced training in Corporate Finance from the London Business School.
In 1997–2004 worked for the Russian Ministry of Foreign Affairs and for the Russian Embassy in the UK.
In 2004–2013 he was heading the Representative office of Vnesheconombank in London.
February 2013 to April 2018, Mr. Ivanov worked as Deputy Chairman of the Board of the International Investment Bank. He made a significant contribution to IIB’s “relaunch” program. Under his leadership, IIB’s loan and documentary portfolio showed record growth dynamics, including by attracting large strategic projects implemented together with other IFIs to the Bank’s portfolio. The Bank started financing large infrastructure projects in Russia and other countries.
Since April 2018, by unanimous decision of the Bank's shareholders, Mr. Ivanov was appointed as the Chairman of the Board of the International Bank for Economic Co-operation. Since then, the new Development concept of the Bank was approved, and full-scale reforms were launched, including revitalization of business activities and dynamic growth of loan and documentary portfolio.
As a member of the Supervisory Board, he participates in the activities of the International Fund for Technological Development, established in November 2019 pursuant to the Agreement between the Government of the Russian Federation and the International Bank for Economic Co-operation.
He is a member of the presidium of the National Committee for Economic Cooperation with Latin American Countries (CN CEPLA), member of the Board of Directors of the Russian-British Chamber of Commerce and member of the Business Council of the Financial and Banking Association of Euro-Asian Cooperation.
Awarded with the Medal of the Order “For Merit to the Fatherland’, II degree for his great contribution to the development of the financial and banking system of the Russian Federation and attraction of investments into the Russian economy. Denis Ivanov has received the Gratitude of the President of the Russian Federation.
Board members

Boyko Vassilev Kotzev

Republic of Bulgaria

Boyko Vassilev Kotzev

Thinh Thi Hong

Socialist Republic of Vietnam

Thinh Thi Hong

Tserenpurev Gotov

Mongolia

Tserenpurev Gotov

Lidia Anchakovska

Republic of Poland

Lidia Anchakovska

Appointment in progress

Romania

Appointment in progress

Peter Osvald

The Slovak Republic

Peter Osvald

Jan Jursa

Czech Republic

Jan Jursa
Participation of countries in the capital of the Bank
The authorized capital of the Bank is EUR 400 million, its paid-up part is EUR 200 million.
At the same time, the share of each member country in the authorized capital coincides with the share of its contribution
to the paid-in capital.
At the same time, the share of each member country in the authorized capital coincides with the share of its contribution
to the paid-in capital.
Member state | Share in authorized capital, EUR | %% | Share in paid-in capital, EUR | %% |
---|---|---|---|---|
Republic of Bulgaria | 30 244 000,00 | 7,56% | 15 121 447,00 | 7,56% |
Socialist Republic of Vietnam | 1 516 000,00 | 0,38% | 757 843,00 | 0,38% |
Mongolia | 5 336 000,00 | 1,33% | 2 668 240,00 | 1,33% |
Republic of Poland | 48 032 000,00 | 12,01% | 24 016 053,00 | 12,01% |
Russian Federation | 206 356 000,00 | 51,59% | 103 178 674,00 | 51,59% |
Romania | 28 464 000,00 | 7,12% | 14 231 549,00 | 7,12% |
Slovak Republic | 26 684 000,00 | 6,67% | 13 342 064,00 | 6,67% |
Czech Republic | 53 368 000,00 | 13,34% | 26 684 130,00 | 13,34% |
Total | 400 000 000,00 | 100,00% | 200 000 000,00 | 100,00% |