EBRD reports net profit of 1.7 billion euros in 2024

The European Bank for Reconstruction and Development (EBRD) recorded a net profit of 1.7 billion euros last year (following a figure of 2.1 billion euros in 2023), according to the Bank’s recently audited financial results.

The Bank’s loan investments continued to provide a stable flow of income in 2024, with such income totalling 2.5 billion euros and accounting for 46 per cent of total revenue last year. Non-performing loans’ share dropped to 6.3 per cent – a marked improvement on the 7.9 per cent seen in 2023 and the lowest figure since Russia’s full-scale invasion of Ukraine.

The Bank’s equity investments produced profits of 865 million euros in 2024, accounting for 16 per cent of the Bank’s total revenue. Meanwhile, the Bank’s Treasury activities delivered profits of 2.1 billion euros, making up 39 per cent of total revenue.

The EBRD’s total revenue was higher than in 2023, but its net profit was down. This was due to higher funding costs in 2024, driven by higher-than-average interest rates and an expansion of the Bank’s balance sheet.

The EBRD continues to be rated triple-A with a stable outlook by S&P Global Ratings, Moody’s Ratings and Fitch Ratings.