EBRD strong profit growth to bolster robust investments in 2011

The EBRD significantly increased profits in 2010 as emerging Europe started to pull out of the worst recession in a generation and most countries in the region started to see economic growth again.

The Bank recorded a net profit of €1.4bn for 2010, on the back of a strong growth in investments and the value of the Bank’s equity holdings. As a result of the recovery the Bank also had lower loan loss provisions. The profit compared with a net loss of €746, in 2009.