EBRD Opens Office in Tokyo to Increase Japanese Investments

In terms of the European Bank for Reconstruction and Development (EBRD) enlargement, new office was opened on Monday in Tokyo, the bank president said.

TOKYO (Sputnik) — The European Bank for Reconstruction and Development (EBRD) on Monday opened an office in Tokyo in order to increase Japanese investments, Suma Chakrabarti, the bank president, said.

Chakrabarti said that the direct role of the bank would be to support business development by optimizing searches for potential Japanese investors.

According to Chakrabarti, Japan has contributed 180 million euros ($200.9 million) to the EBRD to date, making it the bank's largest partner. By the end of last year, the volume of joint investments by the EBRD and Japan had exceeded 8 billion euros.

Of this amount, more than 3 billion euros ($3.3 billion) was invested in the energy sector, more than 2 billion euros in industry, trade and agriculture, one and 1.5 billion euros in infrastructure and 1 billion in the development of financial institutions.

The European Bank for Reconstruction and Development was established in 1991. The EBRD's shareholders comprise 64 countries, the European Union and the European Investment Bank. The bank operates in more than 30 countries from Central and Eastern Europe to Central Asia, as well as in the Southern and Eastern Mediterranean.