The Eurasian Development Bank (EDB) has significantly expanded its presence in Armenia and other EAEU countries. The bank’s investment portfolio in Armenia, Kyrgyzstan, and Tajikistan grew by 1.5 times compared to the previous year, reaching $436 million, according to EDB Chairman Nikolai Podguzov during an end-of-year press conference.
Overall, 2024 was a successful year for the EDB, with the implementation of around 30 new projects totaling $2.3 billion in investments. Over the first 11 months of the year, the bank achieved a net profit of $135 million. The current investment portfolio stands at $4.3 billion, with a capital base of $2.2 billion.
Podguzov highlighted that, over its 18 years of operation, the EDB has become a key financial institution in the Eurasian region, successfully implementing 298 development projects. "The cumulative investment portfolio has reached $15.6 billion, growing by 5.8% in 2024," he said, emphasizing that the bank leads the region in non-sovereign financing, with a 49% share among all international financial institutions.
The EDB’s operations in Armenia are also showing strong growth. Over the past three years, the bank has invested a total of $328 million in the country, with accumulated investments reaching $488 million. The prospects for further collaboration look promising: EDB Deputy Chairman Yaroslav Mandron previously stated that the bank plans to invest $200-250 million in Armenia during 2025-2026.
