EBRD - European Bank for Reconstruction and Development

08/13/2025 | Press release | Distributed by Public on 08/13/2025 07:21

Development Bank Quarterly Report (Form QRTLYRPT)

DOCUMENT OF THE EUROPEAN BANK

FOR RECONSTRUCTION AND DEVELOPMENT

FINANCIAL REPORT

At 31 December 2024

The financial statements for the Bank for the year ended 31 December 2024 were audited on 9 April 2025 and reviewed by the Board of Directors on 9 April 2025 and will be subsequently submitted for approval to the Board of Governors.

European Bank for Reconstruction and Development: Financial Report at 31 December 2024

Income statement

For the year ended 31 December 2024 Year to
31 Dec 2024
€ million 		Year to
31 Dec 2023
€ million
Interest income
From Banking loans 2,330 2,526
From fixed-income debt securities and other interest 2,037 1,374
Net Interest income on derivatives - 225
4,367 4,125
Other interest
Interest expense and similar charges (2,708 ) (2,291 )
Net interest expense on derivatives (201 ) -
Net interest income 1,458 1,834
Fee and commission income 136 144
Fee and commission expense (114 ) (117 )
Net fee and commission income 22 27
Donor-related income 29 28
Donor-related expense (31 ) (20 )
Net donor-related income (2 ) 8
Dividend income 140 82
Net gains from share investments at fair value through profit or loss 725 919
Net gains/(losses) from loans 48 (5 )
Net gains from Treasury assets held at amortised cost 1 1
Net gains from Treasury activities at fair value through profit or loss and foreign exchange 81 210
Fair value movement on non-qualifying and ineffective hedges (246 ) (554 )
Impairment provisions on Banking loan investments 111 100
Impairment provisions on guarantees (7 ) 14
General administrative expenses (522 ) (479 )
Depreciation and amortisation (65 ) (59 )
Net profit 1,744 2,098
Attributable to:
Equity holders 1,744 2,098
Memorandum items
Transfers of net income approved by the Board of Governors (20 ) (23 )
Net profit after transfers of net income approved by the Board of Governors 1,724 2,075

2

European Bank for Reconstruction and Development: Financial Report at 31 December 2024

Statement of comprehensive income

For the year ended 31 December 2024 Year to
31 December 2024
€ million 		Year to
31 December 2023
€ million
Net profit 1,744 2,098
Other comprehensive income
1: Items that will not be reclassified subsequently to profit or loss
- Gains on share investments designated as fair value through other comprehensive income 34 17
- Actuarial gains on defined benefit scheme 59 35
2: Items that may be reclassified subsequently to profit or loss
- (Losses)/gains on cash flow hedges (9 ) 351
- Cross-currency basis spread on fair value hedging instruments 40 267
- Gains on loans measured at fair value through other comprehensive income 105 153
- Losses on loans designated as fair value through other comprehensive income reclassified to profit and loss (62 ) -
- (Losses)/gains on cash flow hedges reclassified to profit and loss (63 ) 33
Other comprehensive income 104 856
Total comprehensive income 1,848 2,954
Attributable to:
Equity holders 1,848 2,954

3

European Bank for Reconstruction and Development: Financial Report at 31 December 2024

Balance sheet

At 31 December 2024 € million 31 Dec 2024
€ million 		€ million 31 Dec 2023
€ million
Assets
Placements with and advances to credit institutions
Cash and cash equivalents 6,013 6,324
Other placements and advances 18,780 12,405
24,793 18,729
Debt securities
At fair value through profit or loss 1,357 962
At amortised cost 9,480 8,392
10,837 9,354
Other financial assets
Derivative financial instruments 5,709 5,561
Other financial assets 2,072 939
7,781 6,500
Loan investments
Loans at amortised cost 35,627 32,948
Less: Provisions for impairment (1,600 ) (1,831 )
Loans at fair value through other comprehensive income 790 1,024
Loans at fair value through profit or loss 945 843
35,762 32,984
Share investments
Banking portfolio:
At fair value through profit or loss 6,539 5,620
Treasury portfolio:
Share investments at fair value through other comprehensive income 191 157
6,730 5,777
Intangible assets 164 152
Property and equipment 400 426
Total assets 86,467 73,922
Liabilities
Borrowings
Amounts owed to credit institutions and other third parties 1,396 911
Debts evidenced by certificates 53,838 44,298
55,234 45,209
Other financial liabilities
Derivative financial instruments 4,084 4,939
Other financial liabilities 1,833 1,506
5,917 6,445
Total liabilities 61,151 51,654
Members' equity attributable to equity holders
Paid-in capital 7,438 6,218
Reserves and retained earnings 17,878 16,050
Total members' equity 25,316 22,268
Total liabilities and members' equity 86,467 73,922
Memorandum items
Undrawn commitments 19,912 16,631

4

EBRD - European Bank for Reconstruction and Development published this content on August 13, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on August 13, 2025 at 13:21 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]