Published: April 26, 2011
Bank plans rising investments across emerging Europe.
The European Bank for Reconstruction and Development (EBRD) has announced that a 50% increase to its capital base has become effective after more than half of its shareholders subscribed to the deal. The bank’s capital will now stand at €30bn (US$43.8bn).
The EBRD’s board of governors announced the capital increase last May to pay for rising investments in Europe during the next five years as it emerges from the global downturn. The bank plans to make investments worth €9bn this year and next, followed by investments of €8.5bn in 2013, 2014 and 2015.