In the first six months of 2011, the EDB’s assets grew by 11% year-on-year, loans to clients 30%, and net income almost doubled.
Almaty, 17 August 2011. In the first six months of 2011, the Eurasian Development Bank’s (EDB) assets increased by US $290.4 million, from US $2.55 billion to US $2.84 billion. This is reported in the EDB’s interim financial statements (prepared in accordance with the IFRS) audited by KPMG Audit.
As at 30 June 2011, loans to clients totalled US $1,065.9 million, an increase of US $244.9 million, or 30%, as at the end of 2010. The Bank’s liabilities reached US $1.17 billion, an increase of US $276.9 million, or 31%, as at the end of 2010.
The EDB’s net income as at 30 June 2011 almost doubled year-on-year reaching US $13.7 million.
The Bank’s charter capital at 30 June 2011 totalled US $1,515.6 million. The Russian Federation and the Republic of Kazakhstan have the highest shares in the capital (65.98% and 32.99%, respectively). The share of the Republic of Belarus is 0.99%, Republic of Tajikistan 0.03%, and Republic of Armenia 0.01%.
In June 2011, the EDB Council passed a resolution to admit the Kyrgyz Republic as the Bank’s member. After completion by the Kyrgyz Republic of the ratification process of the Agreement Establishing the EDB and making its contribution to the capital, Kyrgyzstan will become the sixth member state of the EDB.
The Bank’s interim financial statements are available at its website at https://eabr.org/analytics/
