OREANDA-NEWS. August 10, 2012. EDB has published interim financial statements for the first six months of 2012, reported the press-centre of KASE.

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 USD 3,170.2 million, up 11.7% or almost USD 332.5 million compared to the end of 2011. Loans to customers grew by USD 53.3 million to USD 1,397.3 million.

The Bank's liabilities exceed USD 1,474.4 million, up 27%. EDB's issued debt securities are worth over USD 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 USD 15.7 million to USD 1,695.7 million as at 30 June.

The Bank's total income was 16% higher year-on-year and totalled USD 15.7 million. At the same time, its net profit decreased by more than 31% to USD 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."