The Financial Report 2018 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 a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 38 economies across three continents. The Bank is owned by 67 countries as well as the EU and the EIB. EBRD investments are aimed at making the economies in its regions competitive, well-governed, green, inclusive, resilient and integrated.
Financial results 2014-18
|Net profit/(loss) before transfers of net income approved by the Board of Governors||340||772||992||802||(568)|
|Transfers of net income approved by the Board of Governors||(130)||(180)||(181)||(360)||(155)|
|Net profit/(loss) after transfers of net income approved by the Board of Governors||210||592||811||442||(723)|
|Realised profit before impairment||606||634||649||949||927|
|Reserves and retained earnings||10,068||9,961||9,351||8,504||7,947|
|Total members’ equity||16,283||16,172||15,558||14,706||14,149|
Operational results 2014-18
|Number of projects3||395||412||378||381||377|
|Annual Bank Investment4(€ million)||9,547||9,670||9,390||9,378||8,853|
|Annual mobilised investment5 (€ million)||1,467||1,054||1,693||2,336||1,177|
|of which private direct mobilisation||1,059||669||1,401||2,138||1,014|
|Total project value6 (€ million)||32,570||38,439||25,470||30,303||20,796|
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.
5 Annual mobilised investment is the volume of commitments from entities other than the Bank made available to the client due to the Bank’s direct involvement in mobilising external financing during the year.
6 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.