Net profit of the Bank in 2010 amounted to 1.4 billion euros

Net income of the European Bank for Reconstruction and Development (EBRD) in 2010 amounted to 1.4 billion euros against a net loss in 2009 amounting to 746 million euros. Net income received in the last year, will allow the bank to strengthen the recovery of the region by the presence of new investments, said in a press release from international financial organizations. As a result of the economic rehabilitation of Europe, the Bank has lowered the cost of establishing reserves. The EBRD expects that the investment in 2011 will be from 8 to 9 billion euros. The purpose of investment bank will overcome the lack of diversification of the economy, the underdevelopment of local capital markets, as well as energy efficiency. According to Vice-President, Chief Financial Officer Bank Manfred Schepers, which are contained in the message, the non-performing loans account for 3% of the total loan portfolio. Bank during the past five years has increased the Tier from retained earnings by 57% and now it is 12.1 billion euros. In a press release the Bank notes that in 2010 the bank's shareholders decided to increase the authorized share capital by 50% - up to 30 billion euros, which should occur during 2011. Source: bankir.ru