During the two years of its operation the Eurasian Development Bank formed a project portfolio for a total of $ 1,2 billion, by participating in significant investment projects in its member states, Russia and Kazakhstan.

In September 2008, the opening ceremony of an ore mining and processing works at the Voskhod chromite deposit in Aktyubinsk Oblast, Kazakhstan, was held in the presence of President of the Russian Federation Dmitry Medvedev and President the Republic of Kazakhstan Nursultan Nazarbayev. This was one of the first investment projects under which the Bank, in addition to its direct financial contribution, also acted as arranger and secured the participation of the German banks WestLB AG and Bayerische Hypo- und Vereinsbank AG.

As part of the Comprehensive Programme of Partnership of the Russian Federation and the Republic of Kazakhstan in the Peaceful Uses of Nuclear Energy, the Bank financed the project of commercial development of the Zarechnoye uranium deposit in Kazakhstan, which is being implemented by Tekhsnabeksport of Russia and Kazatomprom of Kazakhstan.

When selecting its financing priorities, the Bank pays close attention to the development of the power system, which is the key to the sustainable socioeconomic development of its member states. The Bank co-finances the reconstruction of the existing power generating units of Ekibastuz GRES-2. The modernisation of the existing units and construction of new ones at this leading Kazakh power plant owned by InterRAO of Russia and Samruk of Kazakhstan will allow power shortages in the region to be reduced, and will become a key element of a common power market in EurAsEC.

The Bank finances projects in different economic sectors in the two countries, but all these projects assist the infrastructure development and economic diversification, and boost mutual trade and investments. Special mention is due to a project to develop the new Russian regional Sukhoi Superjet 100 plane; the construction of a wagon works in Leningrad Oblast and a wood processing complex in Tomsk Oblast; the purchase of farm machinery for Kazakh grain producers; and the Europe-Asia transport corridor projects.

In addition to projects in the real sector of the economy, the Bank’s investment portfolio includes a number of sizable projects to assist the development of the banking system in Kazakhstan and Russia by lending to commercial banks (Khanty-Mansiysky Bank, Bank CenterCredit).

Of all project investments being considered by the Bank presently, 47% relate to projects in Russia, 39% to projects in Kazakhstan, and 14% to projects in other EurAsEC countries.

Notably, the Bank received the observer status in the UN General Assembly and EurAsEC in December 2007 and October 2008, respectively, which enables it to enhance its co-operation with leading international organisations, including interaction on financial markets and investments in sizable infrastructure projects.

All of the Bank’s investment projects facilitate integration and stimulate the sustainable economic development of each of its member countries, as well as infrastructure development and economic diversification.

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 the social and economic development of the member states.