(Corrects number in para 3 to 181 million euros (from 181
LONDON Jan 18 The European Bank for
Reconstruction and Development said on Friday it
expected net profit to have jumped to around 1 billion euros
($1.34 billion) in 2012, compared to 173 million euros in the
The bank, set up in 1991, said it had invested 8.7 billion
euros in its traditional areas of operation in central and
Eastern Europe last year, in a record 388 projects. That
compares with an investment volume of 9 billion euros in 2011.
It also started investing in North Africa and Jordan,
commmitting 181 million euros last year to six projects in
Egypt, Morocco, Tunisia and Jordan.
"Looking ahead to 2013 and beyond, the EBRD will put a
strong emphasis on financing projects that can prepare the way
for recovery and more robust growth in the future," the EBRD
said in a statement.
($1 = 0.7486 euros)
(Reporting by Sujata Rao; Editing by Catherine Evans)