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16:22 EDB extends a RUB 1.27 billion loan facility for RG Brands Kazakhstan
15:52 EDB offers bonds underwritten by Kazkommerts Securities at KASE
19:36 EDB and the Global Infrastructure Hub sign a memorandum of understanding in Singapore
16:29 Dmitry Pankin: IFIs are important players in PPP syndicates
12:38 Trade between the EDB countries recovers in Q1 2017 (quarterly macro review)
20:44 Dmitry Pankin: Regional integration neutralises negative economic effects for landlocked countries
14:14 EDB acquires share in ASK, a concession company building Central Ring Road 3
13:59 EDB: Eurasian economic integration has gained practical content but may encounter stumbling blocks in the future (the report “Eurasian Economic Integration 2017”)
19:02 EDB provides a US $10 million loan facility to Belinvestbank for trade finance
13:50 Eurasian Development Bank accounts for the largest portion of investment finance approved by MDBs for the CIS countries in Q1 2017 (review)
14:00 Macroeconomic Review: Improvements in the global economy may accelerate growth in the EDB countries
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Press Releases

13 March, 2017|

EDB and the Kyrgyz Republic sign a US $110 million credit agreement to be financed by the EFSD

Eurasian Development Bank (EDB), as the Resources Manager of the Eurasian Fund for Stabilisation and Development (Fund), and the Kyrgyz Republic signed an investment credit agreement for US $110 million to be provided by the Fund to finance the commissioning of Unit 2 at Kambarata HPP 2. The document was signed by Dmitry Pankin, Chairman of the Management Board at EDB, and Adylbek Kasymaliyev, Minister of Finance of the Kyrgyz Republic

28 February, 2017|

EDB and Roscongress sign a cooperation agreement

Today, Eurasian Development Bank (EDB) and the Roscongress Foundation signed a cooperation agreement at the Russian Investment Forum in Sochi. The document was executed by Dmitry Pankin, Chairman of the Management Board at EDB, and Shukrullo Israilov, Deputy Director of Roscongress

16 February, 2017|

EDB negotiates alterations and amendments to the terms and conditions of the third tranche of the EFSD financial credit to Armenia

Experts from Eurasian Development Bank (EDB), which is the Resources Manager of the Eurasian Fund for Stabilisation and Development (EFSD, Fund), headed by Alisher Mirzoyev, Project Team Director, visited Yerevan from 6 to 9 February 2017 to negotiate alterations and amendments to the terms and conditions of the third tranche of the EFSD financial credit (US $100 million). The delegation met with Vache Gabrielyan, Vice Prime Minister of Armenia, and representatives of the involved ministries and authorities, the Central Bank and international financial institutions

16 February, 2017|

EDB: IFRS financial statements for 2016 show a significant increase in net income

Eurasian Development Bank (EDB) published its financial statements for 2016 prepared in accordance with the International Financial Reporting Standards (IFRS). In 2016, the Bank's net income totalled US $163.5 million, compared to a net loss of US $143.6 in 2015.
The net interest income before provisions for impairment losses on interest bearing assets amounted to US $109.2 million, a US $16.3 million (17.6%) increase year-on-year. This was achieved, in the first place, due to:
   - a significant decrease in interest expenses, from US $133.1 million to US $84.3 million (36.7%), as a result of the repurchase of the Bank's securities in the end of 2015 and during 2016; and
   - an increase in interest income on financial assets available for sale from US $4.9 million in 2015 to US $18.5 million in 2016.
In 2016, EDB worked to improve the reliability of its loan portfolio and, as a result, recovered the previously created provisions for impairment losses in the amount of US $54.5 million.

10 February, 2017|

KASE admits EDB to trade in securities and derivatives

The Kazakhstan Stock Exchange's (KASE) Management Board passed a resolution to admit Eurasian Development Bank (EDB) to trade in securities and derivatives at KASE from 10 February 2017 

30 January, 2017|

EDB: International development banks increase finance for CIS projects by 130% in Q4 2016 (review)

International development banks (IDBs) have been expanding actively their operations in the CIS countries. The finance they extended in Q4 2016 totalled US $4.4 billion, a 130% increase on the previous quarter. This finding is presented in the review Summary of Investment Operations by International Development Banks in Q4 2016 in the CIS Countries, Namely Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan distributed by Eurasian Development Bank’s Strategic and Sector Research Department. The report states that IDBs primarily focused on the energy sector

19 January, 2017|

The persistently low inflation rates and moderate dollarisation of the EAEU economies pave the way for further successful integration

Without ensuring lower inflation and its lower volatility, securing trust for the national currencies, decreasing dollarisation, and devising responsible fiscal policies, any further efforts to coordinate monetary policies will be inefficient. These findings are presented in Monetary Policy of EAEU Member States: Current Status and Coordination Prospects, a report prepared by Eurasian Development Bank’s Centre for Integration Studies and the Macroeconomic Policy Department of the Eurasian Economic Commission

29 December, 2016|

EDB provides a US $90 million loan facility to the Industrial Metallurgical Holding

Eurasian Development Bank (EDB) and the Industrial Metallurgical Holding (IMH) signed a loan agreement to boost iron ore outputs. The document was signed by Konstantin Limitovsky, Deputy Chairman of the Management Board at EDB, and Evgeny Zubitskiy, President of IMH

28 December, 2016|

EDB provides a US $30 million loan facility to Belagroprombank for trade finance

Eurasian Development Bank (EDB) provided a US $30 million revolving loan facility for Belagroprombank for five years. The agreement was signed on 28 December 2016 by Dmitry Ladikov-Roev, Managing Director for Assets and Liabilities at EDB, and Sergei Chuhai, Deputy Chairman of the Management Board at Belagroprombank

28 December, 2016|

EDB to refinance State Transport Leasing Company’s expenses for the construction of river-sea oil tankers

Eurasian Development Bank and State Transport Leasing Company (GTLK) made a loan agreement to refinance GTLK’s expenses for the construction of three river-sea oil tankers (RST54) at Russia’s Oka Shipyard. The agreement was signed by Konstantin Limitovsky, Deputy Chairman of the Management Board at EDB, and Anton Borisevich, First Deputy General Director of GTLK. The loan totalling US $29.4 million will be provided for 6.5 years

EDB Member States

  • Russian Federation

    Russian
    Federation

  • Republic of Kazakhstan

    Republic
    of Kazakhstan

  • Republic of Armenia

    Republic
    of Armenia

  • Republic of Tajikistan

    Republic
    of Tajikistan

  • Republic of Belarus

    Republic
    of Belarus

  • Kyrgyz Republic

    Kyrgyz
    Republic