Project finance

Project investments are at the heart of our operations.

The EBRD offers a wide range of financial instruments and takes a flexible approach in structuring its financial products.

The principal forms of direct financing that the EBRD may offer are loans, equity and guarantees.

 

Loans

Loans are tailored to meet the particular requirements of a project. The credit risk may be taken entirely by the EBRD or partly syndicated to the market.

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Equity investments

These may be undertaken in a variety of forms. When the EBRD takes an equity stake, it expects an appropriate return on its investment and will only take a minority position.

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Guarantees

We also provide guarantees to help borrowers gain access to financing through our Trade Facilitation Programme.

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Project Summary Documents

Technical information on EBRD projects.

EBRD Investments 1991-2015

Assistance through financial intermediaries

One of the EBRD’s key aims is to support the development of micro, small and medium-sized enterprises (SMEs) which are crucial to nurturing a private sector economy. To do this, we may make equity and loan financing available to SMEs through a range of intermediaries throughout the countries where we work.

These intermediaries include banks in which the EBRD has an equity stake or with which it has signed a loan, and investment or venture capital funds in which the EBRD has made an investment.

The EBRD may also provide direct financing and support for SMEs through a number of loan and equity facilities.

Financial and operating leases for small businesses cover a range of goods such as commercial vehicles, equipment and machinery.

Contact local partner finance institutions to enquire about finance and to check specific requirements.

Contact details for partner finance institutions

What we fund

Projects may be considered for EBRD assistance if they:

  • are located in an country where the EBRD works
  • have good prospects of being profitable
  • have significant equity contributions in cash or in kind from the project sponsor
  • would benefit the local economy
  • satisfy the EBRD's environmental standards as well as those of the host country


Project structure

The EBRD tailors solutions to client and project needs and to the specific situation of the country, region and sector. It assigns a dedicated team of specialists with expertise in project finance, the region and sector, law and environment.

  • The EBRD funds up to 35% of the total project cost for a greenfield project or 35% of the long-term capitalisation of an established company
  • Additional funding by sponsors and other co-financiers is required. The EBRD may identify additional resources through its syndications programme
  • Typical private sector projects are based on at least one-third equity investment
  • Significant equity contributions are required from the sponsors. Sponsors should have a majority shareholding or adequate operational control. In-kind equity contributions are accepted

We do not finance projects in these sectors

  • Defence-related activities
  • Tobacco industry
  • Substances banned by international law
  • Stand-alone gambling facilities.

In addition, we may not finance certain products or processes due to their environmentally harmful nature or if adverse impact cannot be adequately mitigated.

Financing adviser

Find out if your proposed project would meet the basic criteria we require from prospective clients.
 

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