EBRD Increases Profit 60 Percent

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EBRD Increases Profit Percent

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European Bank for Reconstruction and Development (EBRD) increased its profit last year by 60 percent in relation to the previous year.

The Bank was founded in 1991 with the aim of investing into former socialist block countries, which are now in transition, the Poslovni dnevnik daily writes.

In the past year, EBRD realised a record number of projects in the amount of 4.9 billion euro.

Disposed resources were arranged into 301 projects last year, which is a rise of 8 percent more than a year earlier. Investments increased by 600 million euro to 5.9 billion euro.

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