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EBRD Investor information
Disclaimer: 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.
Financial reports
Full year-end results are available in English and in Russian here: Financial Statements
Interim reports from 2012 onwards can be accessed below.
Interim Reports 2024
Q1 (English)
PDF format / 0.52 MBQ1 (Russian)
PDF format / 0.80 MBQ2 (English)
PDF format / 0.54 MBQ2 (Russian)
PDF format / 0.63 MBQ3 (English)
PDF format / 0.41 MBQ3 (Russian)
PDF format / 0.70 MBQ4 (English)
PDF format / 0.16 MBQ4 (Russian)
PDF format / 0.23 MBInterim Reports 2023
Q1 (English)
PDF format / 0.55 MBQ1 (Russian)
PDF format / 0.57 MBQ2 (English)
PDF format / 0.55 MBQ2 (Russian)
PDF format / 0.58 MBQ3 (English)
PDF format / 0.36 MBQ3 (Russian)
PDF format / 0.42 MBQ4 (English)
PDF format / 0.33 MBQ4 (Russian)
PDF format / 0.62 MBInterim Reports 2022
Q1 (English)
PDF format / 0.52 MBQ1 (Russian)
PDF format / 0.56 MBQ2 (English)
PDF format / 0.73 MBQ2 (Russian)
PDF format / 0.57 MBQ3 (English)
PDF format / 0.54 MBQ3 (Russian)
PDF format / 0.58 MBQ4 (English)
PDF format / 0.33 MBQ4 (Russian)
PDF format / 0.62 MBInterim Reports 2021
Q1 (English)
PDF format / 0.43 MBQ1 (Russian)
PDF format / 0.55 MBQ2 (English)
PDF format / 0.56 MBQ2 (Russian)
PDF format / 0.56 MBQ3 (English)
PDF format / 0.53 MBQ3 (Russian)
PDF format / 0.55 MBQ4 (English)
PDF format / 0.33 MBQ4 (Russian)
PDF format / 0.63 MBInterim Reports 2020
Q1 (English)
PDF format / 0.16 MBQ1 (Russian)
PDF format / 0.20 MBQ2 (English)
PDF format / 0.19 MBQ2 (Russian)
PDF format / 0.24 MBQ3 (English)
PDF format / 0.19 MBQ3 (Russian)
PDF format / 0.27 MBQ4 (English)
PDF format / 0.18 MBQ4 (Russian)
PDF format / 0.50 MBInterim Reports 2019
Q1 (English)
PDF format / 0.19 MBQ1 (Russian)
PDF format / 0.25 MBQ2 (English)
PDF format / 0.20 MBQ2 (Russian)
PDF format / 0.22 MBQ3 (English)
PDF format / 0.55 MBQ3 (Russian)
PDF format / 0.60 MBQ4 (English)
PDF format / 0.16 MBQ4 (Russian)
PDF format / 0.46 MBInterim Reports 2018
Q1 (English)
PDF format / 0.53 MBQ1 (Russian)
PDF format / 0.67 MBQ2 (English)
PDF format / 0.39 MBQ2 (Russian)
PDF format / 0.48 MBQ3 (English)
PDF format / 0.23 MBQ3 (Russian)
PDF format / 0.27 MBQ4 (English)
PDF format / 0.09 MBQ4 (Russian)
PDF format / 0.12 MBInterim Reports 2017
Q1 (English)
PDF format / 0.18 MBQ1 (Russian)
PDF format / 0.32 MBQ2 (English)
PDF format / 0.19 MBQ2 (Russian)
PDF format / 0.33 MBQ3 (English)
PDF format / 0.19 MBQ3 (Russian)
PDF format / 0.34 MBQ4 (English)
PDF format / 1.45 MBQ4 (Russian)
PDF format / 1.16 MBInterim Reports 2016
Q1 (English)
PDF format / 0.19 MBQ1 (Russian)
PDF format / 0.34 MBQ2 (English)
PDF format / 0.07 MBQ2 (Russian)
PDF format / 0.27 MBQ3 (English)
PDF format / 0.07 MBQ3 (Russian)
PDF format / 0.27 MBQ4 (English)
PDF format / 0.03 MBQ4 (Russian)
PDF format / 0.13 MBInterim Reports 2015
Q1 (English)
PDF format / 0.08 MBQ1 (Russian)
PDF format / 0.27 MBQ2 (English)
PDF format / 0.08 MBQ2 (Russian)
PDF format / 0.61 MBQ3 (English)
PDF format / 0.48 MBQ3 (Russian)
PDF format / 0.61 MBQ4 (English)
PDF format / 0.04 MBQ4 (Russian)
PDF format / 0.13 MBInterim Reports 2014
Q1 (English)
PDF format / 0.12 MBQ1 (Russian)
PDF format / 0.22 MBQ2 (English)
PDF format / 0.21 MBQ2 (Russian)
PDF format / 0.62 MBQ3 (English)
PDF format / 0.52 MBQ3 (Russian)
PDF format / 0.57 MBQ4 (English)
PDF format / 0.25 MBQ4 (Russian)
PDF format / 0.32 MBInterim Reports 2013
Q1 (English)
PDF format / 0.15 MBQ1 (Russian)
PDF format / 0.25 MBQ2 (English)
PDF format / 0.15 MBQ2 (Russian)
PDF format / 0.24 MBQ3 (English)
PDF format / 0.09 MBQ3 (Russian)
PDF format / 0.16 MBQ4 (English)
PDF format / 0.02 MBQ4 (Russian)
PDF format / 0.14 MBInterim Reports 2012
Q1 (English)
PDF format / 0.37 MBQ1 (Russian)
PDF format / 0.53 MBQ2 (English)
PDF format / 0.08 MBQ2 (Russian)
PDF format / 0.15 MBQ3 (English)
PDF format / 0.08 MBQ3 (Russian)
PDF format / 0.15 MBQ4 (English)
PDF format / 0.29 MBQ4 (Russian)
PDF format / 0.35 MBCredit ratings
The EBRD's very strong capital position, prudent financial management, ample liquidity and strong shareholder support underpin the EBRD’s AAA/Aaa/AAA (stable) credit rating.
Fitch
Rating Report – 27 November 2024
PDF format / 0.55 MBRating Action Commentary – 14 November 2024
PDF format / 0.05 MBRating Report – 6 December 2023
PDF format / 0.52 MBRating Action Commentary – 21 November 2023
PDF format / 0.05 MBRating Report – 16 December 2022
PDF format / 0.55 MBRating Action Commentary - 24 November 2022
PDF format / 0.05 MBMoody's
Credit Opinion – 4 October 2024
PDF format / 0.32 MBPress Release – 20 September 2024
PDF format / 0.04 MBIssuer Comment – 20 December 2023
PDF format / 1.16 MBCredit Opinion - 21 June 2023
PDF format / 1.41 MBPress Release – 3 February 2023
PDF format / 0.09 MBCredit Opinion – 3 February 2023
PDF format / 1.43 MBCredit Opinion - 4 October 2022
PDF format / 1.42 MBCredit Opinion - 31 May 2022
PDF format / 1.47 MBStandard & Poor’s
Research Update - 30 August 2024
PDF format / 0.14 MBResearch Update – 26 January 2024
PDF format / 0.15 MBResearch Update – 7 July 2023
PDF format / 0.13 MBCredit Report – 29 November 2022
PDF format / 0.30 MBResearch Update – 20 July 2022
PDF format / 0.13 MBCredit Report – 2 November 2021
PDF format / 1.07 MBSupranational Special Edition 2023
PDF format / 2.46 MBIntroduction to Supranationals Special Edition 2024
PDF format / 0.69 MBGMTN programme
The Offering Circular for the European Bank for Reconstruction and Development EUR 60,000,000,000 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.
Investor presentations
The EBRD has established a reputation as a flexible issuer providing debt products that suit the individual needs of investors. The Bank's funding activities in the capital markets therefore combine a strategic focus, with innovation, and the EBRD's strong credit to make EBRD's bonds today's investment of choice.