EBRD financing rises to €9.7bn in 2017 but net profit drops

European Bank for Reconstruction and Development financing rose to €9.7 billion in 2017, from €9.4 billion in 2016. The number of individual EBRD projects in 2017 also rose to a new record of 412 from 378 in 2016.

Net profit dropped to €772 million in 2017 from €992 million in 2016. The lender said the reduction was primarily due to lower gains on equity investments in 2017 of €332 million, versus €423 million in 2016.