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EBRD invests record €13.1bn, returns to profitability

More than €2bn was deployed for Ukraine in 2023 to support wartime reconstruction

Odile Renaud-Basso says the development bank is likely to be back in the black this year after writing down loans to Russia and Belarus
Odile Renaud-Basso says the development bank is likely to be back in the black this year after writing down loans to Russia and Belarus Photo: Abdulhamid Hosbas/Getty Images

The European Bank for Reconstruction and Development invested a record €13.1bn last year across 464 projects.

The two largest recipients of investment were Ukraine, where more than €2bn has been deployed, and Turkey.

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