The EBRD in numbers 2018
| 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|
| Number of projects1 | 395 | 412 | 378 | 381 | 377 |
| Annual Bank Investment (€ million)2 | 9,547 | 9,670 | 9,390 | 9,378 | 8,853 |
| Annual mobilised investment3 (€ million) | 1,467 | 1,054 | 1,693 | 2,336 | 1,177 |
| of which private direct mobilisation | 1,059 | 669 | 1,401 | 2,138 | 1,014 |
| Total project value4 (€ million) | 32,570 | 38,439 | 25,470 | 30,303 | 20,796 |
| € million | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|
| Net profit/(loss) before transfers of net income approved by the Board of Governors | 340 | 772 | 992 | 802 | (568) |
| Transfers of net income approved by the Board of Governors | (130) | (180) | (181) | (360) | (155) |
| Net profit/(loss) after transfers of net income approved by the Board of Governors | 210 | 592 | 811 | 442 | (723) |
| Realised profit before impairment 5 | 606 | 634 | 649 | 949 | 927 |
| Paid-in capital | 6,215 | 6,211 | 6,207 | 6,202 | 6,202 |
| Reserves and retained earnings | 10,068 | 9,961 | 9,351 | 8,504 | 7,947 |
| Total members’ equity | 16,283 | 16,172 | 15,558 | 14,706 | 14,149 |
For more information on the EBRD’s financial results, refer to the Financial Report 2018.
Green Economy Transition
The EBRD helps economies to achieve the emission reductions pledged at the 2015 United Nations climate conference. Under our Green Economy Transition (GET) approach, we promote investment in energy efficiency and renewable energy, as well as in water and materials efficiency and climate resilience. The Bank participated in discussions at the UN Climate Change Conference, Poland, and reported on the progress of its green financing and policy dialogue.
GET activities in 2018 include:
Total investment in the green economy
Finance for adaptation to the effects of climate change
Details of the EBRD’s support for the UN Sustainable Development Goals are available in the Sustainability Report 2018, at sr-ebrd.com.
Estimated annual reduction in CO2 emissions
of finance for projects with an environmental benefit other than climate change mitigation or adaptation
benefiting from improved district heating, waste and water services
1 The number of projects to which the EBRD made commitments in the year.
2 Annual Bank Investment (ABI) is the volume of commitments made by the Bank during the year. This includes: (i) new commitments (less any amount cancelled or syndicated within the year); (ii) restructured commitments; and (iii) amounts issued under the Trade Facilitation Programme (TFP) during the year and outstanding at year-end.
3 Annual mobilised investment is the volume of commitments from entities other than the Bank made available to the client due to the Bank’s direct involvement in mobilising external financing during the year.
4 Total project value is the total amount of finance provided to a project, including both EBRD and non-EBRD finance, and is reported in the year in which the project first signs. EBRD financing may be committed over more than one year, with Annual Bank Investment reflecting EBRD finance by year of commitment (see footnote 1). The amount of finance to be provided by non-EBRD parties is reported in the year the project first signs.
5 Realised profit before impairment is before unrealised fair value adjustments to share investments, provisions, loan write-offs, other unrealised amounts and transfers of net income.
6 The EBRD gives each project an Expected Transition Impact (ETI) rating. ETI is based on the underlying aims of the project, which are structured around the Bank’s six “transition qualities“, the local context, and compliance with strategic goals.