Empowering Nations Through Innovation and Sustainability
Exposures Related to Russia
In light of unfolding uncertainties and restrictions, NDB has put new transactions in
Russia on hold. The Bank's operations are guided by its Articles of Agreement as well
as the governance framework put in place by its Board of Directors. The Bank has
implemented prudent risk management policies and procedures, which are aligned to
the practices of other global multilateral development banks.
NDB has a total outstanding exposure of USD 1.8 billion to Russian-domiciled entities
as of February 28, 2022. Of this, USD 1.3 billion is either to the sovereign or backed by
a sovereign guarantee, the balance USD 0.5 billion is to a non-sovereign client. In
total, exposure to Russian-domiciled entities represents less than 8% of the Bank's
total assets. These exposures are 53% denominated in EUR, 30% in CHF and 17% in
USD. For financial year ended December 31, 2021, the Bank earned around 4% of the
total interest income from its Russian loan portfolio.
In addition to the above NDB has an outstanding exposure of USD 0.2 billion to
international multilateral organizations which have exposures to Russia.
LOAN EXPOSURE BY JURISDICTION
India
China
28%
25%
Russia
13%
South Africa
Brazil
21%
Supranational
2%
11%
RUSSIAN-DOMICILED LOAN EXPOSURE
BY CURRENCY
USD
17%
CHF
30%
EUR
54%
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