# EDGAR Filing Document

**Accession Number:** 0000895027
**File Stem:** 0001999371-25-011187
**Filing Date:** 2025-8
**Character Count:** 7046
**Document Hash:** fe4de4c8c0fbeea08efbf62d32cd43c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-25-011187.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001999371-25-011187

**CONFORMED SUBMISSION TYPE**: QRTLYRPT

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20241231

**FILED AS OF DATE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EUROPEAN BANK FOR RECONSTRUCTION & DEVELOPMENT
- **CENTRAL INDEX KEY:** 0000895027
- **ORGANIZATION NAME:** CF
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** QRTLYRPT
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 083-00006
- **FILM NUMBER:** 251209224

**BUSINESS ADDRESS:**
- **STREET 1:** ONE EXCHANGE SQUARE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC3V 4EB
- **BUSINESS PHONE:** 02073386000

**MAIL ADDRESS:**
- **STREET 1:** ONE EXCHANGE SQUARE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC3V 4EB

DOCUMENT OF THE EUROPEAN BANK

FOR RECONSTRUCTION AND DEVELOPMENT

![](europeanbankqrtlyrpt001.jpg)

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

---

| | | |
|:---|:---|:---|
| <u>**For the year ended 31 December 2024**</u> | **Year to<br> 31 Dec 2024<br> € million** | **Year to<br> 31 Dec 2023<br> € million** |
| *Interest income* |  |  |
| From Banking loans | 2330 | 2526 |
| From fixed-income debt securities and other interest | 2037 | 1374 |
| Net Interest income on derivatives |  | 225 |
|  | 4367 | 4125 |
| *Other interest* |  |  |
| Interest expense and similar charges | (2708) | (2291) |
| Net interest expense on derivatives | (201) |  |
| **Net interest income** | **1458** | **1834** |
| 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** | **1744** | **2098** |
| **Attributable to:** |  |  |
| Equity holders | 1744 | 2098 |
| **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 | 1724 | 2075 |

---

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

Statement of comprehensive income

---

| | | |
|:---|:---|:---|
| **<u>For the year ended 31 December 2024</u>** | **Year to <br>31 December 2024<br>€ million** | **Year to<br>31 December 2023<br>€ million** |
| **Net profit** | **1744** | **2098** |
| **Other comprehensive income** |  |  |
| 1: Items that will not be reclassified subsequently to profit or loss |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– Gains on share investments designated as fair value through other comprehensive income | 34 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;– Actuarial gains on defined benefit scheme | 59 | 35 |
| 2: Items that may be reclassified subsequently to profit or loss |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– (Losses)/gains on cash flow hedges | (9) | 351 |
| &nbsp;&nbsp;&nbsp;&nbsp;– Cross-currency basis spread on fair value hedging instruments | 40 | 267 |
| &nbsp;&nbsp;&nbsp;&nbsp;– Gains on loans measured at fair value through other comprehensive income | 105 | 153 |
| &nbsp;&nbsp;&nbsp;&nbsp;– Losses on loans designated as fair value through other comprehensive income reclassified to profit and loss | (62) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;– (Losses)/gains on cash flow hedges reclassified to profit and loss | (63) | 33 |
| Other comprehensive income | 104 | 856 |
| **Total comprehensive income** | **1848** | **2954** |
| **Attributable to:** |  |  |
| Equity holders | 1848 | 2954 |

---

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

Balance sheet

---

| | | | | |
|:---|:---|:---|:---|:---|
| **<u>At 31 December 2024</u>** | **€ million** | **31 Dec 2024<br> € million** | **€ million** | **31 Dec 2023<br> € million** |
| **Assets** |  |  |  |  |
| Placements with and advances to credit institutions |  |  |  |  |
| Cash and cash equivalents | 6013 |  | 6324 |  |
| Other placements and advances | 18780 |  | 12405 |  |
|  |  | **24793** |  | **18729** |
| Debt securities |  |  |  |  |
| At fair value through profit or loss | 1357 |  | 962 |  |
| At amortised cost | 9480 |  | 8392 |  |
|  |  | **10837** |  | **9354** |
| Other financial assets |  |  |  |  |
| Derivative financial instruments | 5709 |  | 5561 |  |
| Other financial assets | 2072 |  | 939 |  |
|  |  | **7781** |  | **6500** |
| Loan investments |  |  |  |  |
| Loans at amortised cost | 35627 |  | 32948 |  |
| Less: Provisions for impairment | (1600) |  | (1831) |  |
| Loans at fair value through other comprehensive income | 790 |  | 1024 |  |
| Loans at fair value through profit or loss | 945 |  | 843 |  |
|  |  | **35762** |  | **32984** |
| Share investments |  |  |  |  |
| *Banking portfolio:* |  |  |  |  |
| At fair value through profit or loss | 6539 |  | 5620 |  |
| *Treasury portfolio:* |  |  |  |  |
| Share investments at fair value through other comprehensive income | 191 |  | 157 |  |
|  |  | **6730** |  | **5777** |
| Intangible assets |  | 164 |  | 152 |
| Property and equipment |  | 400 |  | 426 |
| **Total assets** |  | **86467** |  | **73922** |
| **Liabilities** |  |  |  |  |
| Borrowings |  |  |  |  |
| Amounts owed to credit institutions and other third parties | 1396 |  | 911 |  |
| Debts evidenced by certificates | 53838 |  | 44298 |  |
|  |  | **55234** |  | **45209** |
| Other financial liabilities |  |  |  |  |
| Derivative financial instruments | 4084 |  | 4939 |  |
| Other financial liabilities | 1833 |  | 1506 |  |
|  |  | **5917** |  | **6445** |
| **Total liabilities** |  | **61151** |  | **51654** |
| **Members' equity attributable to equity holders** |  |  |  |  |
| Paid-in capital | 7438 |  | 6218 |  |
| Reserves and retained earnings | 17878 |  | 16050 |  |
| **Total members' equity** |  | **25316** |  | **22268** |
| **Total liabilities and members' equity** |  | **86467** |  | **73922** |
| **Memorandum items** |  |  |  |  |
| Undrawn commitments |  | 19912 |  | 16631 |

---