The European Bank for Reconstruction and Development (EBRD) has announced a significant rebound in its financial performance, recording a robust profit of €2.1bn for the year 2023, up from losses of €1.1bn in 2022, the development bank said in a press release on April 11. Soha El-Turky, the Chief Financial Officer of the EBRD, highlighted the bank’s resilience and financial health in the face of global challenges and the impact of the war in Ukraine. Russia used to be the EBRD’s largest investment destination until the bank’s operations there were suspended following the annexation of the Crim…