Investor information

Financial results

• Interim financial report  (0.1Mb)
• Промежуточный финансовый отчет  (0.2Mb)

EBRD investments in 2007 rose to €5.6 billion in 353 projects. The EBRD’s net profit was €1.9 billion in 2007.

Full year-end results are available in the Annual report.

EBRD's AAA/Aaa credit rating

The Bank's aim is to facilitate the economic transition and integration of eastern Europe and the Commonwealth of Independent States into open-market economies, however this also exposes the EBRD to a certain degree of credit risk and asset concentration. In order to balance this risk, the Bank has established conservative operational and lending guidelines, which is reflected in the EBRD’s AAA/Aaa credit rating. By maintaining prudent capital levels, a membership that is committed and a gearing ratio of 1:1 the EBRD offers its investors reliable investment.

• Moody's Global Credit Research Report
• Standard & Poor's Rating Report
• Standard & Poor's Supranational Publication, Extract
• Fitch Ratings Summary Report

Global Medium Term Note (GMTN) Programme

The EBRD issues the great majority of its bonds under its GMTN Programme. The GMTN Programme was established in 1992 as a shelf documentation vehicle to facilitate the issuance of EBRD debt instruments in a timely and efficient manner. The documentation is fully flexible and provides for a wide variety of new issuance currencies and structures, including bonds linked to equities and commodities. While there is a named group of dealers, the Programme is open to any market counterparty able to provide an attractive financing structure to the Bank.

The Prospectus  (0.3Mb) and Registration Document  (0.1Mb) for the European Bank for Reconstruction and Development (EBRD) EUR 20,000,000,000 Global Medium Term Note Programme (GMTN Programme) is provided for general information purposes only and is directed only to licensed financial intermediaries. It does not constitute an offer or invitation by or on behalf of the EBRD to any person to subscribe for or to purchase any securities that may be issued under the GMTN Programme.

EBRD, the investment of choice

The EBRD has established a reputation among investors for debt products that are flexible and suit the individual needs of investors. The Bank's funding activities on the capital markets are guided by investor focus; flexibility; innovation; and strong credit. Combined with long-term market relationships, this set of business principles makes the EBRD today's investment of choice.

• Presentation: Investment of choice  (0.2Mb)
• Presentation: 投資機会のご紹介  (0.4Mb) (JP)

Annual information update

In accordance with laws concerning regulation of securities, issuers of securities and securities markets, the EBRD has published the following information over the previous 12 months:

• the Annual report 2007, including the Annual review and the Financial report
• interim financial statements
• base prospectus and registration document for the Bank’s global medium term note programme, each dated 10 August 2007 and admitted to the official list of the UK Listing Authority and to the London Stock Exchange plc

This information has been prepared in accordance with the Financial Services Authority’s Prospectus Rule 5.2.

Notice to readers
Nothing in this site or any materials shall be construed, implicitly or explicitly as containing any investment recommendation or advice, and constituting an offer of, or an invitation by or on behalf of, EBRD to purchase or sell any securities.