Eurasian Development Bank (EDB)
Eurasian Development Bank (EDB)

The Eurasian Development Bank (EDB) was established by the Russian Federation and the Republic of Kazakhstan on the basis of the Agreement signed on January 12, 2006. In 2009, Armenia and Tajikistan joined the Bank. In 2010, it was joined also by the Republic of Belarus and in 2011 - by the Republic of Kyrgyzstan. Each member state appoints its authorized representative and his/her deputy in the EDB Council. The Chairman of EDB's Management Board is Dmitriy Pankin. The Bank’s charter capital totals USD 7 billion, including USD 1.5 billion of paid-in capital and USD 5.5 billion of callable capital.

EDB’s Charter Capital (thousand USD)

Member State

Charter Capital

Callable Capital

Paid-in Capital


4 617 993

(3 617 993)

1 000 000


2 309 271

(1 809 271)

500 000


69 295

(54 295)

15 000














7 000 000

5 484 300

1 515 700


The Bank carries out financing of major investment projects of state or private enterprises in the Eurasian region by providing long-term loans. It also takes part in organizations’ charter capitals, implements guarantee issue, direct or indirect financing of private investment funds, as well as providing loans to commercial banks for further crediting of businesses. The value of each share in the charter capital is USD 1,000. Each paid security is equal to one vote, that is, Armenia possesses 100 votes.

Primary directions of crediting are as follows:

  • Infrastructure development projects (transport, energy, telecommunication and municipal infrastructure projects)
  • Development of high value-added industries
  • Energy efficiency projects

The issues of the Bank’s investment activities are:

  • Providing technical assistance within the framework of the projects of interstate cooperation in the Eurasian territory and regional integration initiatives development;
  • Formation of financial and investment mechanisms of regional integration procedure support including development of investment activities (for example, through financing of joint and transboundary projects of integration support)and financial markets;
  • Increasing the efficiency of the use of natural resources, environment protection and improvement of ecological environment.

The Bank is the resources manager of the Eurasian Fund for Stabilization and Development.

As of January 1, 2016, the Bank’s current investment portfolio totals to USD 2,081 billion.

The Bank’s current investment portfolio structure by the states is as follows:

Kazakhstan – 41.2%

Russia – 33.7&

Belarus – 21.5%

Armenia – 0.9%

Kyrgyzstan – 0.5%

Tajikistan – 0.4%

Other countries - 1.8%