About the Bank Investor Information Research and Publications Media Centre
Projects Client Information EFSD Resources Management Contact Us
Projects

Photo Gallery

Archive

EDB: IFRS financial statements for 2016 show a significant increase in net income

EDB: IFRS financial statements for 2016 show a significant increase in net income

Eurasian Development Bank (EDB) published its financial statements for 2016 prepared in accordance with the International Financial Reporting Standards (IFRS). In 2016, the Bank's net income totalled US $163.5 million, compared to a net loss of US $143.6 in 2015.
The net interest income before provisions for impairment losses on interest bearing assets amounted to US $109.2 million, a US $16.3 million (17.6%) increase year-on-year. This was achieved, in the first place, due to:
   - a significant decrease in interest expenses, from US $133.1 million to US $84.3 million (36.7%), as a result of the repurchase of the Bank's securities in the end of 2015 and during 2016; and
   - an increase in interest income on financial assets available for sale from US $4.9 million in 2015 to US $18.5 million in 2016.
In 2016, EDB worked to improve the reliability of its loan portfolio and, as a result, recovered the previously created provisions for impairment losses in the amount of US $54.5 million.

More
16 February, 2017
                          
Eurasian Development Bank’s operations results.

EDB Member States

  • Russian Federation

    Russian
    Federation

  • Republic of Kazakhstan

    Republic
    of Kazakhstan

  • Republic of Armenia

    Republic
    of Armenia

  • Republic of Tajikistan

    Republic
    of Tajikistan

  • Republic of Belarus

    Republic
    of Belarus

  • Kyrgyz Republic

    Kyrgyz
    Republic