EBRD Chair of the Board of Governors Pierre Gramegna, EBRD President Sir Suma Chakrabarti and EBRD Managing Director, Communications Jonathan Charles on the Bank's Annual Meeting in Cyprus.
At the Annual Meeting, the EBRD has reflected on another year of record investment and a sharp 25 per cent increase in net profits in 2016 to €1 billion, a trend that has continued into the first quarter of this year.
Under the EBRD’s business model of investing primarily in the private sector, it is largely self-financing and ploughs profits into future projects. It is particularly effective in leveraging other sources of private financing in support of economic development.
The Bank invested a record €9.4 billion in 2016, the same as in 2015, in 378 projects that made a strong contribution to the economic transformation of its countries of operations.
