- EBRD invests €709 million in Romania in 2022, continuing positive year-on-year trend
- Green economy investments make up 50 per cent of EBRD total & over 61 per cent in Romania
- Cumulative EBRD investments in Romania cross the €10 billion mark in 2022, with a standing portfolio of over €2.5 billion
The EBRD provided €709 million of investments in 32 operations in Romania last year, as part of a record €13.1 billion at reported rates delivered across the Bank’s regions in 2022.
This was the highest level of EBRD investment in Romania in more than a decade, the second highest level ever achieved, and substantially above the EBRD’s 2021 figure of €546 million. Cumulative EBRD investments in Romania have now topped the €10 billion mark.
The previous record for EBRD Romanian investments, in 2009, was €720 across 23 investments.
The 2022 figures were achieved in the face of a challenging global economic environment in the wake of Russia’s war on Ukraine – confirming the EBRD’s consistent role in support to its countries of operations and clients.
Of total investments in Romania, green economy investments added up to €436 million – 61 per cent of the total.
The EBRD’s business volume in Romania this year was mainly attributable to the private sector, with 75 per cent of investments supporting private entities.
Romania’s active portfolio amounts more than €2.5 billion which, together with annual investment volumes, places the country as one of the top countries in which the EBRD operates.
Overall, EBRD green economy financing reached 50 per cent of total business volume in 2022, meeting the Bank’s pledge to make at least half its financing green by 2025 for the second year running. A leader in climate finance, the EBRD announced in December that it had fulfilled a second pledge to align all its activities with the goals of the Paris Agreement on limiting climate change.
“We did more than break a record, we exceeded our greatest expectations despite the tragedy of the war on Ukraine and the regional and global crises it has brought in its wake,” said EBRD President Odile Renaud-Basso. “This impressive operational performance is testimony to our resilience and determination to support our countries of operation and clients.”
The EBRD’s response to Russia’s war on Ukraine, which began on 24 February 2022, has been to commit to invest €3 billion for Ukraine in 2022-23, with the exceptional support of shareholders and donors who share part of the risk of the investments the EBRD has taken on its own book.
In 2022, the Bank provided €1.7 billion to support the real economy in Ukraine and mobilised a further €200 million from partner banks.