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Asian Development Bank at a Glance ADB’S LOAN PORTFOLIO Outstanding Effective Loans as of 31 December 2015: $87.8 billion ABOUT THE ADB ADB’s vision is an Asia and Pacific region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their people. Despite the region’s many successes, it remains home to half of the world’s extreme poor. ADB is committed to reducing poverty through inclusive economic growth, environmentally sustainable growth, and regional integration. Based in Manila, ADB is owned by 67 members, including 48 from the region. Its main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance. ASIA’S POVERTY CHALLENGE • It remains home to half of the world’s poor • 451 million in developing Asia live on $1.90 a day • 260 million people lack access to improved drinking water supply • 1.5 billion people are still without sanitation access • 1 out of 24 children dies before reaching age 5 FAST FACTS President: Takehiko Nakao Headquarters: Manila, Philippines Founded: 1966 As of 31 December 2015 Field offices: 31 Total employees: 3,105 Nationalities employed: 59 Ordinary Capital Resources (OCR) Outstanding Effective Loans include Loans Outstanding at $61.9 billion (gross) and Undisbursed Effective Loans at $25.9 billion. Sovereign at $81.8 billion (93%) and Non-sovereign at $6.0 billion (7%). Viet Nam, 6.3% Others, 19.7% Philippines, 6.8% Pakistan, 8.4% By Borrower People’s Republic of China, 24.3% Indonesia, 10.5% India, 24% Energy, 21.9% Transport, 37.7% Public Sector Management, 10.3% By Sector Water Urban Infrastructure, 9.2% Others, 1.7% Education, 2.7% Finance, 7.9% Multi-Sector, 3.2% Agriculture & Natural Resources, 5.4% HOW WE HELPED IN 2015 Total approved financing in 2015: $27.17 billion Includes Ordinary Capital Resources, Special Funds Resources and Cofinancing Operations Loans $15,455 million Cofinancing including Trust Funds $10,735 million Grants $365 million Guarantees $341 million By Approvals Technical Assistance $141 million Equity Investments $134 million Funding Operations MATURITY PROFILE OF OUTSTANDING BORROWINGS (As of 31 March 2016) Based on notional amounts. Bonds with put and call options were considered maturing on the next put or call date. Includes ECPs. US$ bn 18.00 15.58 16.00 14.00 12.99 12.00 10.50 10.00 9.38 7.96 8.00 6.00 5.03 4.00 2.99 2.00 0.41 0.00 2023 2024 0.00 2016 2017 2018 2019 2020 2021 2022 2.54 2.33 2025 2026 onwards FUNDING VOLUME Excluding Euro-Commercial Papers (ECPs). Year 2016 figures include trades up to 22 April 2016. Ave. maturity in years 7 $bn 20.0 18.0 6 16.0 14.0 5 12.0 4 10.0 8.0 3 6.0 2 4.0 2.0 0.0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Global $/€ Benchmark Bonds Public Bond Issues Local Currency 1 Other private placements (institutional,Uridashi, retailtargeted) Structured private placements 0 Average maturity (based on first call date) 2015 Apr-16 ADB AS A BORROWER • ADB is a leading AAA borrower in international and domestic capital markets having issued bonds across various markets in 32 currencies. • ADB is AAA-rated by Standard & Poor’s, Moody’s and Fitch based on strong fundamentals: strong shareholder support, solid financial profile, and conservative financial policies. • Callable capital ($139.7 billion as of 31 December 2015) is available for debt service payments and provides the ultimate backing for ADB’s borrowings and guarantees. ADB has never made a call on its callable capital. • Around 93% of ADB’s loans are to the sovereign portfolio. ADB has never suffered any losses of principal on sovereign loans and does not take part in debt rescheduling. • The total amount of disbursed loans, disbursed equity investments, and the related prudential buffer, and the maximum amount that could be demanded from ADB under its guarantee portfolio may not exceed the total amount of ADB’s unimpaired subscribed capital, reserves and surplus, exclusive of the special reserve. • ADB’s borrowing policy limits ADB's gross outstanding borrowings to no more than the sum of callable capital of non-borrowing members, paid-in capital, and reserves (including surplus). BALANCE SHEET AS OF 31 DECEMBER 2015 Net Loans* Investments Other** Assets $bn 61.9 23.3 32.5 % 53 20 27 Total Assets 117.7 100 Borrowings Equity Other** Total Liabilities and Equity Liabilities & Equity $bn 66.1 17.4 34.2 117.7 * Net of allowance for loan losses and inclusive of net unamortized loan origination costs. ** Mostly derivative assets and liabilities. Net derivative liability is $2.7 billion. % 56 15 29 100 Contact Us ASIAN DEVELOPMENT BANK Treasury Department Funding Division 6 ADB Avenue, Mandaluyong City 1550 Metro Manila, Philippines Bloomberg: ADB <GO> Email: [email protected] Tel. No.: +632 683-1204 Fax No.: +632 632-4120 ADB Website: www.adb.org Investor Website: www.adb.org/site/investors/main Funds and Resources: www.adb.org/site/funds/main ADB Green Bonds: www.adb.org/site/investors/adb-green-bonds Annual Report: www.adb.org/documents/series/adbannualreports Asian Development Outlook: www.adb.org/publications/series/asiandevelopment-outlook May 2016. Frankfurt.