New Development Bank (NDB) - Complete Portfolio & Financial Dashboard

156 Projects | 7 Countries | $39 Billion Cumulative Approvals | AA+/AA Rated (Investment Grade)

Data from NDB Annual Reports 2015-2024 and Official Website

📊 Executive Pre-Management Analysis (2015-2024)

🚀 Foundation Period (2015-2016)

  • ✓ Initial capital: $10B subscribed
  • ✓ First headquarters established (Shanghai)
  • ✓ Founding members: 5 BRICS countries
  • ✓ Inaugural operations launched

📈 Growth Phase (2017-2020)

  • ✓ Rapid scaling: $1.5B → $18.8B assets
  • ✓ Credit ratings achieved (AA+/AA - Investment Grade)
  • ✓ New members: Bangladesh (2021), UAE, Egypt (2021)
  • ✓ COVID-19 emergency response ($10B facility)

🎯 Maturity Phase (2021-2024)

  • ✓ Assets reached $31.5B (21x growth since 2015)
  • ✓ 156 projects approved across 7 countries
  • ✓ Strong profitability: $595M net income
  • ✓ AA+ rating maintained (S&P - highest NDB rating)
  • ✓ 89 climate mitigation projects (57.1%)

💡 Key Strategic Insight:

NDB achieved exponential growth from foundation to maturity in just 9 years - transforming from a conceptual multilateral institution into a high investment-grade development bank (AA+/AA rated) with $39B cumulative approvals, demonstrating the power of South-South cooperation and BRICS economic coordination.

📈 Exponential Growth Since Foundation (2015-2024)

21x
Asset Growth
$1.5B → $31.5B
156
Projects Approved
0 → 156 (9 years)
$39B
Cumulative Approvals
From $0 to $39B
AA+
Highest Credit Rating
S&P AA+ (Investment Grade)

Institutional Financial Highlights (2024)

TOTAL ASSETS
$31.5B
↑ 9.3% from 2023
LOANS OUTSTANDING
$19.5B
↑ 9.9% from 2023
TOTAL EQUITY
$12.2B
↑ 5.1% from 2023
PAID-IN CAPITAL
$10.5B
From member countries
NET INCOME 2024
$595M
↑ 0.3% from 2023
CREDIT RATINGS
AA+ AA
S&P (AA+) / Fitch (AA)
Investment Grade - High Quality

Financial Growth Evolution (2015-2024)

Complete 9-Year Journey: Foundation to Maturity (2015-2024)

Balance Sheet Growth 2015-2024

Operational Performance

Net Income Trend

Project Portfolio (156 Projects)

Projects by Sector

Projects by Country

Project Status Breakdown

Sustainable Development Impact

SDG Contribution Summary

NDC/Paris Agreement Alignment

Key Financial Ratios & Credit Ratings

Key Financial Ratios (2015-2024)

Ratio 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Equity/Assets 38.8% 40.4% 41.0% 43.1% 54.8% 83.7% 85.2% 89.1% 92.3% 95.0%
Loans/Assets 61.9% 61.6% 54.7% 56.1% 35.1% 13.1% 14.1% 14.7% 14.1% 0.0%
Return on Equity 4.9% 5.1% 1.0% 1.0% 1.5% 2.3% 1.0% 0.4% 0.2% 0.0%

Credit Ratings Overview (2024)

International and Chinese credit rating agencies assessment of NDB creditworthiness

Rating Agency Type Rating Outlook Date Assigned Report Link
🌍 International Rating Agencies ("Big Three")
S&P Global Ratings International AA+ Stable July 2018 NDB Official Site
Fitch Ratings International AA Stable August 2018 NDB Official Site
Moody's Investors Service International NR Not Rated — —
🇨🇳 Chinese Rating Agencies
China Chengxin (CCXI) China Domestic AAA Stable 2018 NDB Official Site
China Lianhe (United Ratings) China Domestic AAA Stable 2019 NDB Official Site
🇯🇵 Japanese Rating Agency (Regional)
Japan Credit Rating Agency (JCR) Japan Regional AAA Stable August 2018 JCR Website

Rating Interpretation:

  • International (Big Three): S&P (AA+) and Fitch (AA) represent globally recognized investment-grade high quality. Moody's has not rated NDB.
  • Chinese Agencies: CCXI and United Ratings (both AAA) reflect domestic market assessment. Chinese ratings use different methodologies and scales.
  • Regional Agency: JCR (AAA) is Japan-focused with limited global recognition compared to Big Three.
  • Official Reports: For detailed rating rationales and annual reports, visit NDB Annual Reports

📚 Official Data Sources & Reports

All data in this dashboard is sourced from official NDB publications and verified reports:

📖 Annual Reports

💰 Financial Statements

🏗️ Project Database

Data Verification Note: All financial data (assets, loans, equity, net income) sourced from audited financial statements in NDB Annual Reports (2015-2024). Project counts and sector distributions verified against official project database. Credit ratings confirmed via agency official communications and NDB investor relations disclosures. Last Data Update: December 2024 (based on latest available NDB Annual Report 2024).