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Asian Development Bank at a Glance
About ADB
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ADB is an international development finance institution owned by 67 members, 48 of which are from Asia and the Pacific region.
ADB’s vision: an Asia and Pacific region free of poverty.
ADB’s mission: To help its developing members reduce poverty and improve their living conditions and quality of life.
ADB’s main partners are governments, the private sector, non government organizations, development agencies, community-based
organizations, and foundations.
In pursuing its vision, ADB’s main instruments comprise loans, technical assistance, grants, guarantees, equity investments, and policy
dialogues. Although most lending is in the public sector—and to governments—ADB also provides direct assistance to private enterprises
of developing countries through equity investments, guarantees, and loans. Its triple-A credit rating helps mobilize funds for development.
ADB’s ownership structure (as of 31 December 2013): ADB's five largest shareholders are Japan (15.7% of total shares), United States
(15.6%), People’s Republic of China (6.5%), India (6.4%), and Australia (5.8%). Twenty-three ADB members are also OECD members,
holding 64.6% of ADB's total subscribed capital.
Subscription to the fifth general capital increase (GCI V) which commenced in 2009 was concluded in January 2012.
ADB Fast Facts
Our Strategy
President:
Headquarters:
Founded:
As of 31 December 2013
Members:
Regional members:
Nonregional members:
Field offices:
Total employees:
Nationalities employed:
Takehiko Nakao
Manila, Philippines
1966
Three Strategic Agendas:
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Inclusive economic growth
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Environmentally sustainable growth
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Regional integration and cooperation
Drivers of Change:
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Private sector development
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Good governance and capacity development
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Gender equity
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Knowledge solutions
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Partnerships
Core Operational Areas:
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Infrastructure
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Environment including climate change
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Regional cooperation and integration
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Finance Sector development
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Education
67
48
19
32
3,062
61
Asia’s Poverty Challenge
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Two-thirds of the world’s poor live in Asia
1.6 billion people live on less than $2 a day
850 million people lack access to safe drinking water
2 billion people lack access to improved sanitation
Over 100 million children under 5 are underweight
1 child in 20 dies before reaching age 5
ADB’s Loan Portfolio
Outstanding Effective Loans1
By Borrower
Philippines,
7.1%
Vietnam,
7.2%
Pakistan,
7.6%
Indonesia,
11.4%
Others,
16.8%
As of 30 September 2014
People's
Republic of
China,
25.9%
India, 24.0%
By Sector
Finance
7.3%
Water Urban
Infrastructure &
Services
8.9%
Public Sector
Management
9.9%
Agriculture &
Education
Natural
2.6%
Resources Multi-Sector
3.8%
Others
5.4%
1.0%
Transport
39.5%
Energy
21.5%
Note: Percentages may not total 100% because of rounding.
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Ordinary Capital Resources (OCR) Outstanding Effective Loans were $80.3 billion. Outstanding Effective Loans include Loans Outstanding at $53.8 billion (gross) and Undisbursed Effective
Loans at $26.5 billion.
Asian Development Bank at a Glance
FUNDING OPERATIONS
ADB as a Borrower
ADB is a leading AAA borrower in international and domestic capital markets having issued bonds across various markets in 31 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.
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Callable capital ($148.6 billion as of 30 September 2014) 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.
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Around 92% 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.
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The total amount of disbursed loans, approved equity investments, 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).
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ADB’s gross outstanding borrowings may not exceed the sum of callable capital of non-borrowing members, paid-in capital, and
reserves (including surplus).
Balance Sheet as of 30 September 2014
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Assets
Liabilities & Equity
$ bn
Net Loans
1
Investments
Other
2
Total Assets
%
$ bn
%
53.8
44
Borrowings
64.6
53
26.8
22
Equity
17.4
14
41.5
34
Other
40.1
33
122.1
100
122.1
100
2
Total Liabilities & Equity
1/ Net of allowance for loan losses and inclusive of net unamortized loan origination costs.
2/ Mostly swap receivables and payables. Net payable from swaps is $0.1 billion.
Funding Strategy
ADB’s funding strategy seeks to diversify across markets, products and maturities to ensure availability of funds at all times to meet
operational needs while being responsive to investor demand.
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Benchmark bond issuance: ADB issues at least once per year with minimum size of US$1 billion per issue in 3, 5, 7 or 10-year maturities.
In 2014, ADB issued its inaugural euro-denominated benchmark bond.
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Public bond issuance: ADB taps other markets such as AUD, BRL, CAD, CHF, EUR, GBP, JPY, NOK, NZD, etc.
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Local Currency issuance: ADB is committed to the development of the domestic capital markets of its members. ADB was the first
supranational issuer of Kangaroo bonds in Australia. ADB was also the first foreign issuer in People’s Republic of China, India, Japan,
Republic of Korea, Malaysia, Philippines, Taipei, China, and Thailand.
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Private placements: ADB customizes issuance to meet investor needs with regard to currency, size, tenor, and structure.
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Thematic bonds: These bonds highlight ADB’s efforts to support key initiatives such as its water programs and clean energy projects.
Funding Volume
Maturity Profile of Outstanding Borrowings
Ave. maturity
in years
8
$bn
16.0
14.0
7
12.0
6
10.0
5
8.0
4
6.0
3
4.0
2
US$ bn
16.00
Global $/€ Benchmark Bonds
As of 30 November 2014
13.67
14.00
12.62
12.60
12.00
Public Bond Issues
10.00
2.0
1
0.0
0
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014 Jan-15
8.31
Local Currency
8.00
6.07
Other private placements
(institutional,Uridashi, retailtargeted)
Structured private
placements
6.00
Average maturity
(based on first call date)
0.00
Note: Excluding Euro-Commercial Papers (ECPs). Include all issuances up to 26 January 2015.
4.00
2.66
2.24
2.00
1.44
0.77
2014
2015
2016
2017
2018
2019
2020
2021
0.82
2022
0.44
2023
0.00
2024
Note: Based on notional amounts. Bonds with put and call options are considered maturing on the next
put or call date. Includes ECPs.
Contact Us
ASIAN DEVELOPMENT BANK
Treasury Department
Funding Division
6 ADB Avenue, Mandaluyong City
1550 Metro Manila, Philippines
February 2015. Japan.
Bloomberg: ADB <GO>
Email: [email protected]
Tel. No.: +632 683-1204
Fax No.: +632 632-4120
2025
onwards
ADB Website:
Investor Website:
Funds and Resources:
Impact Stories:
Annual Report:
Asian Development Outlook:
www.adb.org
www.adb.org/site/investors/main
www.adb.org/site/funds/main
www.adb.org/projects/impact-stories
www.adb.org/documents/series/adb-annual-reports
www.adb.org/publications/series/asian-development-outlook