Eurasian Development Bank assets made USD 4.3 bln for six months of 2014

ALMATY. KAZINFORM 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 USD 4,341.9 mln. The amount of loans disbursed to customers increased by USD 130.9 mln or 5.6% over the reporting period, reaching USD 2,458.5 mln, the bank's press release reads. As of 30 June 2014, the bank's total liabilities were USD 2,707.0 mln, while the amount of debt securities issued by EDB made USD 2,439.8 million, having declined during six months of 2014 by USD 345.8 mln or 12.4%. For the first six months of 2014, EDB's total equity reached USD 1,634.9 mln. EDB's total comprehensive income comprised USD 2.7 mln for six months of 2014. At the same time, the bank's net profit went up to USD 5.8 mln compared to net loss of USD 37.9 mln for the same period of 2013. 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 bln. Its member states are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.