The EBRD’s lending operations are directed by the institution’s Banking Department, which is divided into four issue and three regional groupings. Each grouping is responsible for preparing and financing projects in its respective field, and for developing financial instruments.
In 2005, total investment was $5.47 billion, the highest level to date. 151 projects were launched.
2005 EBRD lending by sector:
- Infrastructure (Municipal infrastructure, Transport): $1.22 billion (22% of total)
- Specialized Industries (Manufacturing): $489 million (10% of total)
- Energy Efficiency and Ultimate Change Initiative (Energy efficiency, Natural resources, Power and energy): $943 million (17% of total)
- Other sectors (Agribusiness, Property and tourism, Telecommunications): $976 million (18% of total)
- Financial Institutions (Bank equity, Bank lending, Equity): $1.82 billion (33% of total)
Regional groupings and amounts invested in 2005:
- Central Europe and the Baltic States: $876 million (16% of total)
- Southeastern Europe: $1.53 billion (28% of total)
- Western CIS and Caucuses: $1.20 billion (22% of total)
- Russia: $1.41 billion (26% of total)
- Central Asia: $438 billion (8% of total)
Requirements to receive for large projects (€5-230 million):
- The project must be located in an EBRD country of operation (EBRD website).
- It must have good prospects of being profitable.
- Significant equity contributions in cash or in kind are required from the project sponsor.
- The project must benefit the local economy.
- It must satisfy EBRD's environmental standards as well as those of the host country (EBRD website).
Many small projects are also financed, usually through financial intermediaries in the countries of operation.
EBRD shareholders fund the Bank with $25 billion ($6 billion paid in, $21 billion callable). This capital base allows EBRD to borrow funds on international markets at favorable rates, using these funds to finance projects in its countries of operation.
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