NDB is aiming at a loan book approximating $40 billion by 2027

The New Development Bank (NDB) is aiming at a loan book approximating $40 billion by 2027 and is looking to enter the masala bond market by 2019.

Chief Financial Officer (CFO) and Vice President of the NDB, Leslie Maasdorp highlighted the bank’s achievements – the bank is three and half years old and has already approved projects cumulatively amount to 7.9 billion.

The BRICS (Brazil, Russia, India, China and  South Africa) multilateral bank has already achieved an asset under management of $8 billion. The bank has financed a lot of environmental projects and has recently taken a step to fund the private sector.

 

Source: CNBC

 

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