Almaty, 3 July 2012. All key financial and operational indicators confirm that 2011 was a successful year for Eurasian Development Bank (EDB). This is stated in EDB’s annual report for the previous year.
As at the year end, EDB’s investment portfolio grew by one third to US $3.4 billion, with eighteen new projects added. Some of these projects are of priority importance to the Bank’s member states and the advancement of their key regions and industries
Almaty, 26 June 2012. Eurasian Development Bank’s (EDB) Internal Audit Service has undergone an external independent assessment for compliance with the International Standards for the Professional Practice of Internal Auditing of the Institute of Internal Auditors (IAA) and international best practices
Almaty, 22 June 2012. Eurasian Development Bank (EDB) and the Chamber of Commerce and Industry of the Russian Federation signed today a cooperation agreement. The document was signed by Igor Finogenov, Chairman of the EDB Management Board, and Sergey Katyrin, President of the Chamber of Commerce and Industry of the Russian Federation, in the framework of the St. Petersburg International Economic Forum
Almaty, 25 June 2012. Eurasian Development Bank (EDB) signed a cooperation agreement with the Federal Grid Company of the Unified Energy System (FGC UES) in the framework of the St. Petersburg International Economic Forum. The document was signed by Igor Finogenov, Chairman of the EDB Management Board, and Oleg Budargin, Chairman of the Management Board of FGC UES
Saint Petersburg, June 22, 2012 — En+ Group and Eurasian Development Bank (EDB) agreed on a partnership to pursue potential projects in the electric power industry. Artem Volynets, CEO of En+ Group, and Igor Finogenov, Chairman of the EDB, signed a memorandum of cooperation at the Saint Petersburg International Economic Forum.
The EDB will consider financing En+ Group’s power projects to be located in the Eurasian Economic Community through either lending, or equity participation
The Bank invests RUR 10 billion.
St. Petersburg, 22 June 2012. Eurasian Development Bank (EDB) invests RUR 10 billion in the public-private partnership (PPP) project to construct and operate the Western High-Speed Diameter road in St. Petersburg. A banking syndicate, which includes, in addition to EDB, VTB Capital, Gazprombank, Vnesheconombank and the European Bank for Reconstruction and Development signed today a loan agreement with Magistral Severnoi Stolitsy (MSS), which implements this project. In accordance with the agreement the lenders will provide MSS with funds to finance the construction of the second section of the Western High-Speed Diameter toll road for a total of approximately RUR 60 billion
Almaty, 20 June 2012. Eurasian Development Bank (EDB) has published the report Integration Processes in the Electric Power Sectors of the EDB Member States. The publication analyses the condition and challenges of the development of a common electric power market in the region and international cooperation in this area
Almaty, 19 June 2012. Eurasian Development Bank (EDB) signed today two loan agreements with Centr-Invest Bank. The first agreement opens a RUR 150 million non-revolving loan facility for three years to finance energy saving projects of the customers of this bank from Rostov. Sub-loans in the amount of RUR 3 million and more will be provided for projects to reduce energy consumption, create generating capacities based on renewable sources of energy, and improve the efficiency of use of natural resources
EDB’s loan will be used to construct a new unit at the Abakan combined heat and power plant.
Almaty, 19 June 2012. Eurasian Development Bank’s (EDB)
Council endorsed the Bank’s participation in financing the construction of a
new unit at the Abakan combined heat and power (CHP) plant for a total of up to
RUR 9 billion. The loan facility agreement with Yenisei TGC