The European Bank for Reconstruction and Development (EBRD) operated, last year, investments amounting to a total EUR 9 bln, rising by 14 per cent, from EUR 7.9 bln in 2009, and the total number of contracts signed for funding rose from 311 to 386, Mediafax reports. Both the investments’ level and the number of projects mark historical records for EBRD. The bank’s net profit may amount to EUR 1 bln in 2010, against a EUR 746 M-loss in the preceding year. The positive financial results are due to the budding economic recovery in countries where the financial institution is operating, and the main profit-boosting factors were EBRD’s shares at various companies, the reduction of risk provisions and the steady growth of net interest earnings.
previous post
next post
