Empowering Nations Through Innovation and Sustainability
Exposures Related to Russia
NDB expects to receive all interest and principal re-payments as they become due from its Russian-domiciled borrowers. The Bank's accounts
are prepared in accordance with International Financial Reporting Standards. The exposures continue to be monitored and expected credit
losses are being assessed accordingly.
NDB is in a strong financial position in terms of both solvency and liquidity. All the shareholders remain fully committed and supportive to the
Bank. NDB's equity to asset ratio as of February 28, 2022 is 42%, well above the Board approved limit of 25%. Similarly, the Bank's primary
liquidity ratio (PLR), which considers a 1-year horizon, is 137% as of February 28, 2022, as compared to the Board set limit of 100%. This
implies that NDB has sufficient liquid assets to meet all its obligations including loan disbursements over a period of more than 1 year without
the need to raise additional funds from capital markets. The weighted average credit rating of NDB's loan portfolio is BB+ as of March 15,
2022.
NDB is actively monitoring the rapidly developing situation and continually assessing the impact of the changing regulatory and credit
environment on the Bank's operations. The Bank will do its utmost to maintain a strong financial position in line with its peers and conduct its
business in full conformity with the highest compliance standards as an international financial institution.
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