Investment and Financial Activities
In line with internal policy, the Bank accepts only those projects for review that are a minimum of $30 million, with a maximum tenor of 15 years. When deciding where to invest, the Bank adheres to the principle of the equality of projects under review and makes decisions about financing projects based on their economic value and contribution to social and economic development of the member states. When financing investment projects, provided there are equal terms and conditions, priority will be given to projects that will be implemented in the following industries and sectors:
- Electric power (generation and distribution, energy efficiency);
Hydro-electric complexes;- Transport infrastructure;
High-tech and innovative industries;- The
agro-industrial sector; - The financial sector.
It should be noted that the Bank does not open client accounts and is not engaged in the provision of settlement and cash services. Therefore, all project transactions are carried out through a selected agent bank on the basis of a signed agency agreement.
EDB, West LB and HVB were awarded with Project Finance magazine’s «European Mining Deal of the Year 2006» for financing the mining of chromite ores at the Voskhod deposit project in Kazakhstan.