Highlights

The Financial Report 2015 includes the approved and audited financial statements required to be submitted under Article 27 of the Agreement Establishing the European Bank for Reconstruction and Development and Section 13 of its By-Laws.

 

The EBRD is investing in changing people’s lives and environments from central Europe to Central Asia, the Western Balkans and the southern and eastern Mediterranean region. With an emphasis on working with the private sector, we invest in projects, engage in policy dialogue and provide technical advice that fosters innovation and builds sustainable and open-market economies.

€ million

2015

2014

2013

2012

2011

Realised profit before impairment

949

927

1,169

1,007

866

Net profit/(loss) before transfers of net income approved by the Board of Governors

802

(568)

1,012

1,021

173

Transfers of net income approved by the Board of Governors

(360)

(155)

(90)

(190)

-

Net (loss)/profit after transfers of net income approved by the Board of Governors

442

(723)

922

831

173

Paid-in capital

6,202

6,202

6,202

6,202

6,199

Reserves and retained earnings

8,384

7,947

8,674

7,748

6,974

Total members’ equity

14,586

14,149

14,876

13,950

13,173

FINANCIAL RESULTS 2011-15

HIGHLIGHTS

EBRD annual Bank investment 2011-151

Realised profit for the year before impairment 2011-152

OPERATIONAL RESULTS 2011-15

€ million

2015

2014

2013

2012

2011

Number of projects3

381

377

392

393

380

Annual Bank investment (€ million)

9,378

8,853

8,498

8,920

9,051

Non-EBRD finance (€ million)

21,767

13,867

13,488

17,372

20,802

Total project value (€ million)

30,303

20,796

20,527

24,871

29,479

FOOTNOTES

1 Volume of commitments made by the Bank during the year. This includes (i) new commitments (less any amount cancelled or syndicated within the year); (ii) restructured commitments; and (iii) trade finance (TFP)

amounts issued during the year and outstanding at year-end.

2 Realised profit before impairment is before unrealised fair value adjustments to share investments, provisions, loan write-offs, other unrealised amounts and transfers of net income.

3 The number of projects to which the Bank made commitments in the year.

4 Total project value is the total amount of finance provided to a project, including both EBRD and non-EBRD finance, and is reported in the year in which the project first signs. EBRD financing may be committed over more

than one year with “annual Bank investment” reflecting EBRD finance by year of commitment. The amount of finance to be provided by non-EBRD parties is reported in the year the project first signs.

European Bank for Reconstruction and Development

One Exchange Square London EC2A 2JN United Kingdom

Tel: +44 20 7338 6000 Fax: +44 20 7338 6100

Requests for publications: pubsdesk@ebrd.com