EDB Publishes Its Financial Statements for 2014
OREANDA-NEWS. 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 USD 3,915 million;
Loans to customers exceeded USD 2,151 million;
Debt securities issued amounted to USD 2,062 million;
The capital grew by USD 6 million to USD 1,638 million; and
The net income was USD 17.8 million.
The current investment portfolio totalled USD 3.16 billion. Twenty-four projects worth USD 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%.