The European Bank for Reconstruction and Development (EBRD) provided almost EUR2.4 billion to Ukraine last year, up from EUR2.1 billion in 2023, a record high in the history of cooperation with the country, the bank said in a press release on Thursday.
“The Bank is the largest institutional investor in Ukraine, which has significantly increased its investments since the start of the full-scale Russian invasion in February 2022. The total amount of financing provided by the EBRD in Ukraine during the war is almost EUR 6.2 billion,” the statement said.
It is noted that the priority areas of the EBRD’s activities in Ukraine remain support for energy security, vital infrastructure, food security, as well as trade and the private sector. The press service clarifies that trade finance is taken into account in the total volume along with investments.
The EBRD plans to maintain its investments in Ukraine at around EUR 1.5 billion per year, with a potential increase during the recovery phase, following an agreement reached in 2023 to increase the bank’s capital by EUR 4 billion to EUR 34 billion.
“Our shareholders have shown tremendous confidence in us by approving a significant capital increase to support our operations in Ukraine and other war-affected countries. Most of all, I would like to see 2025 become a year of recovery. This is where the EBRD is able to make the most of itself – we use our financial expertise to help rebuild better than before,” EBRD President Audrey Renaud-Basso said.
It is specified that the total amount of financing provided by the EBRD in 2024 reached EUR 16.6 billion, which is 26% more than the previous record of EUR 13.1 billion in 2023.
The EBRD was founded in 1991. According to the latest data, the financial institution has invested more than EUR 21.29 billion in Ukraine since then. The current portfolio consists of 614 projects worth EUR5.58 billion.
