Financial Report 2019
- HOME
- FINANCIAL RESULTS
- ADDITIONAL REPORTING AND DISCLOSURES
- FINANCIAL STATEMENTS
- REPORTING
Highlights in 2019
819
€ million
Realised profit before impairment*
Highlights in 2019
11,613
€ million
Reserves and retained earnings
Highlights in 2019
17,830
€ million
Total members’ equity 2019
*Realised profit before impairment is before unrealised fair value adjustments to share investments, provisions, loan write-offs, other unrealised amounts and net income allocations.
The Financial Report 2019 includes the approved and audited financial statements required to be submitted under Article 27 of the Agreement Establishing the European Bank for Reconstruction and Development and Section 13 of its By-Laws.
Financial performance
4.7
%
Return on members’ equity –
realised after provisions
realised after provisions
Portfolio quality
4.5
%
Non-performing loans ratio
Efficiency
23.0
%
Cost-to-income ratio
Key financial indicators are presented for the Bank over the last five years.
Gross salary*
427,000
€
President
Gross salary*
180,000
€
Board Director
Median salary*
219,000
€
Senior management
*from which internal tax is deducted
For a full list see EBRD staff remuneration
The Bank is committed to the highest standards of corporate governance.
Financial results 2015-19
820
€ million
Net interest income
Financial results 2015-19
1,315
€ million
Net profit after transfers of net income approved by the Board of Governors
Operational results 2015-19
34,884
€ million
Total project value
These financial statements have been approved for issue by the Board of Directors on 7 April 2020.
Management’s responsibility
The management of the European Bank for Reconstruction and Development (the Bank) is responsible for the preparation, integrity, and fair presentation of its published financial statements and associated disclosures presented in this Financial Report 2019.