The EBRD invested €3.8B in Ukraine over two years, exceeding its target.

In 2023, the EBRD directed a record amount of €2.1B to Ukraine, and in 2022 – €1.7B. The largest institutional investor in Ukraine, which significantly increased investment after the invasion of the Russian Federation in February 2022, ended the year exceeding its €3B target for the country for 2022-23, reaching the amount in October.

It is also noted that last year, management decided to increase the bank’s capital by €4B, resulting in its capital base increasing to €34B and allowing it to continue supporting Ukraine. Wartime investment in Ukraine is expected to continue at around €1.5B per year, and the capital increase will allow investment to double as the country begins to rebuild.

During 2022-2023, the EBRD mobilized almost €1.6B in donor funds for Ukraine, including unfunded guarantees. In addition to significant contributions from individual donors, the EU provided nearly half of the resources.