EBRD records strong profits in 2024

• EBRD recorded a net profit of €1.7 billion in 2024, following €2.1 billion in 2023
• Bank continues to be rated triple-A with a stable outlook by S&P, Moody’s and Fitch
• Consistent backing by Bank’s members enables continued strong delivery

The European Bank for Reconstruction and Development (EBRD) recorded a strong net profit of €1.7 billion last year (following a figure of €2.1 billion in 2023), according to the Bank’s recently audited financial results.

The Bank’s loan investments continued to provide a stable flow of income in 2024, with such income totalling €2.5 billion and accounting for 46 per cent of total revenue last year. Non-performing loans’ share dropped to 6.3 per cent – a marked improvement on the 7.9 per cent seen in 2023 and the lowest figure since Russia’s full-scale invasion of Ukraine.

The Bank’s equity investments delivered strong results across the regions where the EBRD operates. These investments produced profits of €865 million in 2024, accounting for 16 per cent of the Bank’s total revenue.

Meanwhile, the Bank’s Treasury activities delivered robust profits of €2.1 billion, making up 39 per cent of total revenue.

The EBRD’s total revenue was higher than in 2023, but its net profit was down slightly. This was due to higher funding costs in 2024, driven by higher-than-average interest rates and an expansion of the Bank’s balance sheet.

Consistent backing from the EBRD’s members has enabled the Bank’s delivery to remain strong, with members’ total equity increasing by €3.0 billion in 2024 to stand at €25.3 billion.

The EBRD continues to be rated triple-A with a stable outlook by S&P Global Ratings, Moody’s Ratings and Fitch Ratings.

Full details of the Bank’s financial position can be found in its forthcoming Financial Report 2024. This will be published during the EBRD’s 2025 Annual Meeting and Business Forum, which will take place in London from 13 to 15 May.