Assets of Eurasian Development Bank made US $4.3 billion for six months of 2014

EDB has published its interim financial statements according to IFRS

Almaty, __ August 2014. Eurasian Development Bank (EDB), rated by two major international rating agencies — Moody’s (A3) and S&P (BBB), has published its interim financial statements according to IFRS for six months of 2014.

For six months of 2014, EDB’s assets made US $4,341.9 million. The amount of loans disbursed to customers increased by US $130.9 million or 5.6% over the reporting period, reaching US $2,458.5 million.

As at 30 June 2014, the Bank’s total liabilities were US $2,707.0 million, while the amount of debt securities issued by EDB made US $2,439.8 million, having declined during six months of 2014 by US $345.8 million or 12.4%.

For six months of 2014, EDB’s total equity reached US $1,634.9 million.

EDB’s total comprehensive income comprised US $2.7 million for six months of 2014. At the same time, the Bank’s net profit went up to US $5.8 million compared to net loss of US $37.9 million for the same period of 2013.

The interim financial statement for six months of 2014 is available here.

Additional Information

Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital exceeds US $1.5 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.

Read more at https://www.eabr.org.