The bank added in a statement that a detailed proposal to increase paid-in capital will be prepared by the end of this year.
The bank also pledged to further support war-torn Ukraine.
The emerging-markets-focused lender has already committed €3 billion to Ukraine, to be invested in 2022-23. Bank President Odile Reyno Basso said at her annual meeting that assistance will continue.
“The increase in paid-in capital will give us the means to maintain this level of investment and to increase our investments (in Ukraine),” she told a press briefing in Samarkand, Uzbekistan.
Last March, the European Bank for Reconstruction and Development announced the allocation of $1.6 billion over the next two years to support reconstruction and recovery in areas affected by the earthquake in Turkey in February .
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