EBRD Invested a Record EUR 2.3 bln in Central Europe, Baltic States in 2022
The European Bank for Reconstruction and Development said it invested a record amount - EUR 2.35 billion - in Central Europe and the Baltic states (CEB) in 2022, following unprecedented demand from the industry and banking sectors in the wake of Russia's invasion of Ukraine.
In the spirit of "building back better", 70% of the bank's investment in CEB went into projects furthering green economy transition, from new renewable-energy generation and e-vehicles to green bonds and similar instruments.
Poland, Slovenia, Hungary, and Lithuania absorbed record amounts of EBRD financing, exceeding previous crisis peaks such as in the COVID-19 pandemic. In Poland in 2022, the EBRD committed EUR 990 million, making it the bank's fourth-largest market last year after Türkiye, Ukraine, and Egypt.
Investment of EUR 265 million for Slovenia supported energy and the financial sector. Hungary's record annual EBRD investment of EUR 215 million focused on banking-sector support, enabling further lending to green transition projects. EUR 111 million went to the Czech Republic, which re-applied for EBRD support during the COVID-19 pandemic after "graduating" in 2007.
Croatia's annual EBRD business volume reached EUR 297 million and included post-earthquake reconstruction and the first renewables project fully reliant on market mechanisms, free of state subsidies.
The remaining funds were invested in Lithuania, Latvia and Estonia where the combined demand was also at record highs; a separate EBRD announcement will detail those investments next week.
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