OREANDA-NEWS. February 27, 2012. The Eurasian Development Bank (EDB) rated A3 by Moody's, BBB by S&P and BBB by Fitch announced its financial results for 2011 prepared in accordance with the IFRS. The financial statements were audited by KMPG Audit, an independent auditor, reported the press-centre of KASE.

Key financial results in 2011:

- At the end of 2011 the EDB's assets reached almost USD 2,837.7m, up more than  11% or USD 285.1m on 2010. This increase was due to a significant growth of almost 64% in loans to customers, from USD 821m to USD 1,344m;

- The EDB's liabilities totalled USD 1,157.7m, up more than 30% or USD 268.6m on 2010. Debt securities issued totalled USD 1,037.8m, up 28% USD 227.1m on 2010;

- The EDB's equity in 2011 increased by USD 16.5m to USD 1,680m at the year-end. Its share capital totalled USD 1,515,7m, an increase due to Kyrgyzstan's contribution of its share. The Russian Federation and the Republic of Kazakhstan have the largest shares in the EDB's charter capital (65.97% and 32.99% respectively).

The share of the Republic of Belarus is 0.99%, the Republic of Tajikistan 0.03%, the Republic of Armenia 0.01%, and the Kyrgyz Republic 0.01%;

- The EBD's net profit in 2011 reached almost USD 24.5m (up 55%). This increase was mainly due to the growth of the net interest income to USD 68.9m (up 109% or USD 36m on 2010).

In 2011 the EDB's investment portfolio increased by 32.7%, from USD 2.6bn to USD 3.4bn.