Highlights

The Financial Report 2016 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 modern economies that are competitive, well-governed, green, inclusive, resilient and integrated.

€ million

2016

2015

2014

2013

2012

Realised profit before impairment

642

949

927

1,169

1,007

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

985

802

(568)

1,012

1,021

Transfers of net income approved by the Board of Governors

(181)

(360)

(155)

(90)

(190)

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

804

442

(723)

922

831

Paid-in capital

6,207

6,202

6,202

6,202

6,202

Reserves and retained earnings

9,224

8,384

7,947

8,674

7,748

Total members’ equity

15,431

14,586

14,149

14,876

13,950

FINANCIAL RESULTS 2012-16

HIGHLIGHTS

EBRD annual Bank investment 2012-161

Realised profit for the year before impairment 2012-162

OPERATIONAL RESULTS 2012-16

€ million

2016

2015

2014

2013

2012

Number of projects3

378

381

377

392

393

Annual Bank investment (€ million)

9,390

9,378

8,853

8,498

8,920

Annual mobilised investment (€ million)4

1,693

2,336

1,177

862

1,063

of which Private Direct Mobilisation

1,401

2,138

1,014

769

1,009

Total project value5 (€ million)

25,470

30,303

20,796

20,527

24,871

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 The annual mobilised investment measure was first introduced in 2014. Figures for prior years comprise syndicated loans and EBRD-administered Special Fund amounts only. 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.

5 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

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