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EDB publishes its financial statements for 2014

EDB publishes its financial statements for 2014

17 February 2015

Almaty, 17 February 2015. Eurasian Development Bank (EDB) rated A3 by Moody’s, BBB by S&P, and SOV/CCO by the Organisation for Economic Co-operation and Development (OECD) published its IFRS statements for 2014. The statements were audited by KPMG Audit, an independent auditor.

The key financial indicators of the Bank in 2014 are as follows:

The Bank’s assets totalled US $3,915 million;
Loans to customers exceeded US $2,151 million;
Debt securities issued amounted to US $2,062 million;
The capital grew by US $6 million to US $1,638 million; and
The net income was US $17.8 million.

The current investment portfolio totalled US $3.16 billion. Twenty-four projects worth US $508 million (at the exchange rate as at 31 December 2014) were added to the portfolio in 2014. A total of 88 investment projects were being implemented in the Bank’s six member states, with the largest shares in the transport (38.5%) and power (27.9%) sectors, which is in line with the Bank’s strategy. The share of projects with an integration effect exceeded 49%.

Additional information about EDB’s financial performance in 2014 is available online.

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. 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.