EDB's assets grow by US $332.5m in the first six months of 2012
EDB has published interim financial statements for the first six months of 2012.
Almaty, 7 August 2012. Eurasian Development Bank (EDB), rated A3 by Moody’s, BBB by S&P, and BBB by Fitch, has published interim financial statements prepared in accordance with the IFRS for the first six months of 2012.
EDB’s assets total US $3,170.2 million, up 11.7% or almost US $332.5 million compared to the end of 2011. Loans to customers grew by US $53.3 million to US $1,397.3 million.
The Bank’s liabilities exceed US $ 1,474.4 million, up 27%. EDB’s issued debt securities are worth over US $1,353.7 million, an increase of 30% compared to 31 December 2011.
In the first six months of 2012, EDB’s equity grew by US $15.7 million to US $1,695.7 million as at 30 June.
The Bank’s total income was 16% higher year-on-year and totalled US $15.7 million. At the same time, its net profit decreased by more than 31% to US $9.4 million.
«The financial results of the first six months of 2012 confirm that our Bank is developing in a progressive fashion — its assets, equity and total income from transactions are growing,» Igor Finogenov, Chairman of the EDB Management Board, says. «It is particularly important that our loan portfolio is also growing as this is the main indicator of the facilitation of economic growth in the EDB member states.»
EDB’s interim financial statements for the first six months of 2012 are available at the Bank’s website.
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.