• EBRD’s Board of Governors approves Strategic and Capital Framework for 2026-2030 
• Supporting Ukraine during wartime and reconstruction remains the Bank’s central objective 
• Bank to increase size, scope, and impact  

The Board of Governors of the European Bank for Reconstruction and Development (EBRD) today approved the Bank’s Strategic and Capital Framework (SCF) for the next five years.  

The Board, which has overall authority over the Bank, voted to approve its strategic direction during its 34^th Annual Meeting and Business Forum, held in London.  

The SCF for 2026-2030 raises the Bank’s ambitions to deliver for its countries, clients, and partners through its investments, chiefly in the private sector, and policy reform initiatives. 

Its central strategic objective is the continuation of the Bank’s exceptional support for Ukraine during wartime and reconstruction.  

Governors agreed at the end of 2023 to increase the Bank’s paid-in capital by €4 billion to provide significant and sustained investment for Ukraine and help support the EBRD’s priorities wherever it operates.  

The Bank has deployed more than €7 billion in Ukraine since the full-scale Russian invasion in 2022, and the new capital will have a multiplier effect which will further increase available investment.  

During the new SCF’s five-year period and without reducing its existing commitments, the Bank will also become fully operational in new countries in sub-Saharan Africa and Iraq. 

Its ambition is to expand significantly its size, scope and impact thanks to its enhanced financial strength and greater geographical reach. 

EBRD President Odile Renaud-Basso said: “I am very pleased that the EBRD’s shareholders have approved our strategic aspirations for the next five years. 

This demonstrates their continued confidence in our approach and the relevance of our business model and its emphasis on the private sector.  

The Bank enters the next SCF period from a position of strength. This enables us to be even more ambitious for the impact and delivery we strive to achieve, not least in supporting Ukraine, which will continue to be our top priority.” 

The new SCF identifies three core themes for its activities: 

1. Accelerating the green transition 
2. Advancing economic governance
3. Promoting human capital and equality of opportunity for all 

It also aims to maximise the Bank’s impact through two strategic enablers: 

1. Developing and deploying digital technology. 
2. Mobilising more private capital. 

Each of the themes and enablers reflects areas where the scale of the challenges is large, the shared interest of the Bank’s shareholders is strong, and its capacity to add value is substantial.

The post EBRD Shareholders Endorse New Five-Year Strategy appeared first on NRI News.

INDIA: NSE, India’s leading exchange, reported a consolidated total income of ₹ 4,397 crore for Q4FY25, as against ₹ 4,807 crores for Q3FY25 and ₹ 5,080 crores for the corresponding quarter of last year.

The consolidated revenue from transaction charges for Q4FY25 was ₹ 2,939 crores, a sequential decline of 15% QoQ due to a reduction in volumes across the cash market and derivatives segment.

On a consolidated basis, total expenditure for Q4FY25 increased by 4% QoQ to ₹ 1,124 crores.

On a consolidated basis, the operating EBITDA decreased by 18% QoQ to ₹ 2,799 crores. Excluding the gains from the sale of investments in subsidiaries/associates, the normalized consolidated profit before tax for Q4FY25 declined by 12% QoQ to ₹ 3,299 crores.

Net profit decreased by 31% QoQ to ₹ 2,650 crores for Q4FY25 from ₹ 3,834 crores for Q3FY25. Earnings per share (on a non-annualized basis) for Q4FY25 were ₹ 10.71 as compared to ₹ 15.49 for Q3FY25.

For the financial year ended March 31, 2025, the consolidated total income increased by 17% YoY to ₹ 19,177 crores. The consolidated operating EBITDA for FY25 increased by 28% YoY to ₹ 12,647 crores.

Excluding the gains from the sale of investments in subsidiaries/associates, impact of SEBI settlement fees, and contribution to core Settlement Guarantee Fund (SGF), the normalized consolidated profit before tax for FY25 increased by 17% YoY to ₹ 14,895 crores.

Net profit for FY25, on a consolidated basis, increased by 47% YoY to ₹ 12,188 crores. Earnings per share for FY25 increased to ₹ 49.24 from ₹ 33.56 for FY24, after considering the issuance of bonus equity shares in the ratio of 4:1.

On a standalone basis, NSE’s total income for Q4FY25 stood at ₹ 5,860 crores as compared to ₹ 4,289 crores for Q3FY25 and ₹ 4,468 crores for the corresponding quarter of last fiscal year. The revenue from operations for Q4FY25 stood at ₹ 3,395 crores, a sequential decline of 14% QoQ, due to a reduction in trading volumes across the cash market and derivatives segment.

In Q4FY25, the cash market trading segment recorded an average daily traded volume (ADTV) of ₹ 95,488 crores (decline of 8% QoQ). The ADTV for the equity futures segment in Q4FY25 stood at ₹ 1,60,709 crores (decline of 6% QoQ), while the ADTV for equity options (premium value) stood at ₹ 50,935 crores (decline of 17% QoQ). 

On a standalone basis, the operating EBITDA fell by 13% QoQ to ₹ 2,444 crores for Q4FY25 from ₹ 2,807 crores for Q3FY25. The normalized standalone profit before tax for Q4FY25, excluding the subsidiary dividend, declined 8% QoQ to ₹ 2,810 crores.

Net profit for Q4FY25 was ₹ 4,040 crores as compared to ₹ 2,291 crores for Q3FY25; net profit margin was 69% in Q4FY25.

For the FY25 period, the standalone total income increased by 33% YoY to ₹ 19,823 crores, of which operating revenue was ₹ 15,433 crores. Operating EBITDA increased by 33% YoY to ₹ 10,243 crores during the same period. The normalized standalone profit before tax for FY25, excluding the subsidiary dividend, SEBI settlement fees, and contribution to core SGF, increased 19% YoY to ₹ 12,012 crores.

The standalone net profit during FY25 increased by 69% YoY to ₹ 11,246 crores.

The Board of Directors of NSE, in their meeting held on May 6, 2025, have recommended a final dividend of ₹ 35 per equity share of ₹ 1 each (3500%) for the year ended March 31, 2025, subject to approval of the shareholders at the ensuing Annual General Meeting. This includes a special one-time dividend of ₹ 11.46 per equity share.

In the FY25 period, NSE’s contribution to the exchequer was ₹ 59,798 crores, which comprised STT/CTT of ₹ 48,439 crores, stamp duty of ₹ 3,772 crores, SEBI fees of ₹ 1,804 crores, income tax of ₹ 3,831 crores, and GST of ₹ 1952 crores. Out of the STT/CTT of ₹ 48,439 crores, 58% is from the cash market segment and 42% is from the equity derivatives segment. 

*Quarterly EPS not annualized; after considering the issue of bonus equity shares in the ratio of 4:1

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