For the 2010 portfolio EDB increased by more than two-thirds of the loan portfolio of more than one-third

/IRBIS, February 25, 2011/ - The investment portfolio of the Eurasian Development Bank was the end of 2010 nearly US$2,208.8 million, an increase in the reporting period, more than US$887.2 million, or 67.1%, indicated in disseminated by the press service of EDB on February 24. As indicated, the net profit of EDB on the results of 2010 amounted to 15,813 thousand dollars, which is less the result of net profit for 2009 of 23,976 thousand U.S. dollars or 60.3%. The decline in net profit for the year 2010 compared with 2009 due mainly due to increase in interest expense on borrowed in 2009 in the capital markets, the creation of reserve losses on interest-bearing financial assets and increase in operating expenses associated with an increase in the number of staff and further development of Bank. Total assets of the EDB at the end of 2010 amounted to 2,552,593 thousand dollars. Asset growth for 2010 was 57,135 thousand U.S. dollars, or 2.3%. Total assets in 2010 has not changed significantly due to the fact that the funding of investment activity was carried out with funds raised in 2009 and partly at the expense of shareholders' equity. The size of loans to customers at the end of 2010 amounted to 820,953 thousand dollars, which is 211,969 thousand U.S. dollars or 34.8% increase over 2009. In June 2010, the Republic of Belarus has fulfilled its obligations to the formation of its share capital EDB, listing $ 15 million in the Bank's share capital. Thus, the paid capital of the EDB increased by the end of 2010 to 1,515.6 million dollars. In this case, Bank's own capital amounted to 1,663.5 million dollars. Independent auditors Deloitte LLP audited the financial statements for the years ended December 31, 2010, 2009 and 2008, prepared in accordance with International Financial Reporting Standards (IFRS). Independent auditors' report was released on February 11, 2011. The investment portfolio is a set of financial instruments approved in the established procedure, which signed contracts or other legally binding documents. The volume of investment portfolio is calculated as the sum of current values of credits, recorded on its balance sheet and off-balance commitments to projects included in the investment portfolio, net of provisions and discounts [2011-02-25]