About Us
Eurasian Development Bank (EDB)
The EDB is an international financial institution with a charter capital of US $7 billion and the mission to promote economic growth in its member states, expand their trade and other economic ties and foster Eurasian integration through investment.
Bank profile – Eurasian Development Bank
History of the EDB
Agreement Establishing the Bank
The Bank was established under an intergovernmental agreement signed on 12 January 2006 by authorised representatives of the Russian Federation and the Republic of Kazakhstan.
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Agreement Establishing the EDB
pdf, 151.28 КБ
Management
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Alikhan Smailov
Prime Minister of Kazakhstan, Chairman of the Bank’s Council -
Nikolai Podguzov
Chairman of the Management Board
Prime Minister of Kazakhstan, Chairman of the Bank’s Council
Chairman of the Management Board
Nikolai Podguzov chairs the Management Board of the Eurasian Development Bank (EDB).
He is a member of the Foreign Investors Council under the President of Kazakhstan.
For more than twenty years prior to joining the EDB, Nikolai Podguzov had worked in developing the banking sector, international cooperation chains and investment. From2017 to 2020, he headed Russian Post – Russia’s postal operator and logistics company.
Key strategic objectives
01
Strengthening the EDB’s unique integration role
02
Implementing key investment mega-projects
03
Enhancing operations in the countries of the EDB’s minority shareholders
04
Promoting digital transformation in the region
05
Consolidating investment resources in the region where the Bank operates
06
Applying a comprehensive approach to securing the resource base for the EDB
07
Promoting the UN Sustainable Development Goals and ESG approaches in the Bank’s corporate governance
Our Strategy for 2022–2026
Investment portfolio
As of February 2023
Current investment portfolio by country (%)
EDB adheres to the highest environmental standards and invests in projects that meet its environmental criteria.
Current investment portfolio by country (%)
EDB adheres to the highest environmental standards and invests in projects that meet its environmental criteria.
The EDB as an international organisation
The EDB’s mission is to promote the development of the market economy in its member states, their sustainable economic growth and the expansion of trade and other economic ties through investment.
- International legal status;
- Rights of a legal entity on the territory of its member states;
- Special legal status affording the following privileges and benefits in the Bank’s member states:
- Property and judicial immunity;
- Tax and customs exemptions;
- Protection from some of the costs and risks resulting from changes in legislation and bank regulation in its member states.
The EDB operates in the countries with whose governments it has concluded agreements that establish the terms and conditions of its operations in such countries and where such agreements have come into legal force and effect.
The EDB as an observer
The EDB holds observer status at:
Supporting institution
The EDB as a member of international organisations
The EDB is a member of:
- Eurasian Fund for Stabilisation and Development (EFSD). The EDB is;
- the Manager of the Fund’s Resources amounting to US $8.513 billion;
- Kazakhstan Stock Exchange (KASE);
- Multilateral Financial Institutions’ Working Group on Environmental and Social Standards;
- World Economic Forum (WEF);
- International Capital Market Association (ICMA);
- International Swaps and Derivatives Association (ISDA);
- Expert Group for the Development of PPP Mechanisms within the EAEU at the EEC Advisory Committee on Entrepreneurship;
- Global infrastructure Facility (GIF) Advisoty Council;
- Global infrastructure Connectivity (GICA).
Certificates
