/KASE, February 21, 12/ - Eurasian Development Bank, whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of February 21, 2012:

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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.

Key financial results in 2011:

• At the end of 2011 the EDB's assets reached almost $2,837.7m, up more than 11% or $285.1m on 2010. This increase was due to a significant growth of almost 64% in loans to customers, from $821m to $1,344m;
• The EDB's liabilities totalled $1,157.7m, up more than 30% or $268.6m on 2010. Debt securities issued totalled $1,037.8m, up 28% or $227.1m on 2010;
• The EDB's equity in 2011 increased by $16.5m to $1,680m at the year-end. Its share capital totalled $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 $24.5m (up 55%). This increase was mainly due to the growth of the net interest income to $68.9m (up 109% or $36m on 2010).

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

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The full version of the press-release is available on KASE website, at see more

[2012-02-21]