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Supranationals Edition 2020: Comparative Data For Multilateral Lending Institutions

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Supranationals Edition 2020: Comparative Data For Multilateral Lending Institutions

The Supranational Edition 2020 includes comparative data for 27 supranational institutions with public ratings assigned by S&P Global Ratings.

The data include our preferred creditor treatment (PCT) ratio, which measures how much an institution benefits from its PCT status, as well as additional ratios related to an institution's governance structure and extraordinary shareholder support in the form of eligible callable capital.

The risk-adjusted capital (RAC) ratios and funding and liquidity ratios for 2017 and after reflect the updates under the revised criteria (see "Multilateral Lending Institutions And Other Supranational Institutions Ratings Methodology," published Dec. 14, 2018, on RatingsDirect). Ratios for 2015 and 2016 reflect the former criteria.

Balance sheet, off-balance sheet, and income statement items address size and profitability, while the ratios address capital adequacy, credit quality and loss provisioning, leverage, liquidity, and profitability.

We have used the most-recent data we received from the institutions to calculate the RAC and liquidity ratios, incorporating the latest rating parameters. For some, we present RAC and liquidity data based on June 2019 and December 2019 financial information, and if the information was made available, we include ratios with June 2020 financial information. Balance sheet data and corresponding ratios are based on fiscal year-end accounts.

Historical data for the years 2015-2019 are generally as of the end of fiscal year as each institution defines it. For the majority of institutions, the fiscal year-end is December 31. For the International Bank for Reconstruction and Development (IBRD), International Finance Corp. (IFC), and International Development Assn. (IDA), the latest fiscal year-end is June 30. The Islamic Development Bank (ISDB) and Islamic Corporation for the Development of the Private Sector (ICD) previously reported under the lunar Hijri calendar. Although 2019-2017 reporting periods correspond to the Gregorian calendar, the banks' 2016 reporting period spanned 14.5 months, having begun in October 2015 and ended December 2016.

A Guide To The Tables' Main Components

Purposed-related exposure

Gross disbursed loans, securities held in lieu of loans, equity investments, and guarantees together constitute an institution's purpose-related exposure (PRE). PRE is a simple numerical indicator of an institution's aggregate policy impact (ignoring the value of the catalytic role and the advisory and technical services that many of these institutions provide, as well as the efficiency with which funds are spent).

Preferred creditor treatment

Our PCT ratio helps us determine how much an institution benefits from its PCT status. The ratio sums, with separate weights, current exposures in arrears, as well as exposures that were historically or expected to enter arrears, and divides this amount by the institution's total sovereign exposure.

Callable and paid-in capital

Our measure of eligible callable capital only includes callable capital from shareholders rated at or above the stand-alone credit profile of the institution. We make this distinction because, in market conditions that would lead an institution to the verge of default resorting to a capital call, we anticipate shareholders would come under similar stress.

Paid-in capital as reported on an institution's balance sheet may be adjusted to increase comparability, given differences in accounting treatments. Adjustments include subtractions of: (1) the portion of the paid-in capital that is not yet due (when carried as an asset); (2) receivables on account of subscribed capital; (3) restricted currency holdings; and (4) maintenance of value payments receivable, all of which may be unavailable to meet an institution's obligations in a time of financial stress and, therefore, are not reliable components of its cushion for losses.

Shareholders' equity

Shareholders' equity as reported on an institution's balance sheet may be adjusted by subtracting the adjustments to paid-in capital from reported shareholders' equity, "investments" in funds whose value is highly uncertain, as well as other adjustments when deemed material (for example, an unrecognized pension deficit). Adjusted shareholders' equity is also called adjusted common equity (ACE). To arrive at total adjusted capital (TAC), we add to ACE eligible preferred stock and hybrid capital instruments (subject to limits).

Risk-adjusted capital

The risk-adjusted capital framework (RACF) is our starting point of a multilateral lending institution's (MLI) capital adequacy assessment and represents a more-granular approach versus our previous capitalization ratios and credit quality index. It quantifies risks beyond credit risk in the sovereign,and nonsovereign loan and equity portfolios, and allows us to make comparisons across the asset class.

The RAC ratio is equal to TAC divided by risk-weighted assets (RWAs). To determine an MLI's RWAs, we apply specified risk weights to its various exposures. The methodology we use to determine RWAs before adjustments is identical to the one we use for banks to ensure the comparability of these entities' RAC ratios. We use the sovereign ratings for the risk weights of loans and other exposures to sovereigns and our Banking Industry Country Risk Assessment economic risk scores of countries to calculate the risk weights of lending to the private sector in those countries (see "Banking Industry Country Risk Assessment Methodology And Assumptions," Nov. 9, 2011). Equities receive a risk weight based on the volatility of the markets where they are invested, consistent with our insurance and financial institutions capital frameworks.

We make specific adjustments to reflect unique traits of multilateral institutions. The RAC incorporates key parameters related to probabilities of default (PDs) and loss given default (LGD) assumptions to reflect our view of the strength of the PCT. To adjust for concentration and diversification, we generally follow the "Risk-Adjusted Capital Framework Methodology," but introduce a single-name concentration penalization for sovereign exposures and remove adjustments not relevant for MLIs. We calibrated the RAC risk charges to our view of an 'A' stress scenario (see "S&P Global Ratings Definitions," Aug. 7, 2020). Specifically, an 8% RAC ratio indicates a level of capital able to withstand an 'A' rating level of stress and corresponds to our adequate assessment of an MLI's capital and earnings.

Liquid assets

Liquid assets include cash, deposits in banks, and holdings of high-quality securities, regardless of maturity. They exclude securities held by some institutions in lieu of loans, which are more properly viewed as and included in the PRE.

Gross debt

Gross debt includes short-term, and medium- and long-term debt. One-year debt service includes interest expense for the latest year (as an imperfect proxy for the following year's interest expense), as well as year-end short-term debt and the scheduled amortization of medium- and long-term debt during the current year.

Liquidity

The assessment of an MLI's liquidity position centers on a liquidity gap analysis. We calculate liquidity gap ratios at six- and 12-month time horizons. The denominator for each ratio is the sum of all liabilities maturing by or on the horizon date, while the numerator is the sum of the assets discounted for either credit risk or liquidity risk. We also include a stress scenario where we assume the MLI would need to accelerate scheduled disbursements.

Funding

We base our assessment of an MLI's funding mix mostly on the diversification of its funding sources and access to capital markets. We also observe credit spreads on MLI's bonds to the extent they indicate a shift in MLI's credit fundamentals. Finally, we analyze the structural match between the duration of an MLI's assets and its liabilities, looking at the schedule of its assets and liabilities over the current and next two years.

Table 1

Ratings And Rating Factors Summary
Name Rating Outlook SACP Enterprise risk profile Policy importance Governance and management expertise Financial risk profile Capital adequacy Funding and liquidity Extraordinary support Holistic approach
African Development Bank AAA Stable aa+ Very Strong Very Strong Adequate Very Strong Very Strong Strong 1 0
African Trade Insurance Agency A Stable a Strong Strong Adequate Adequate N/A N/A 0 0
Arab Investment and Export Credit Guarantee Corp. (Dhaman) AA- Stable a+ Strong Strong Adequate Strong N/A N/A 0 1
Asian Development Bank AAA Stable aaa Extremely Strong Very Strong Strong Extremely Strong Extremely Strong Strong 0 0
Asian Infrastructure Investment bank AAA Stable aaa Very Strong Very Strong Adequate Extremely Strong Extremely Strong Strong 0 0
Black Sea Trade and Development bank A- Positive a- Moderate Moderate Adequate Very Strong Very Strong Strong 0 0
Caribbean Development Bank AA+ Stable aa+ Strong Strong Adequate Extremely Strong Extremely Strong Strong 0 0
Central American Bank for Economic Integration AA Stable aa Very strong Very strong Adequate Very Strong Very Strong Strong 0 0
Corporacion Andina de Fomento A+ Stable a+ Strong Strong Adequate Strong Adequate Very Strong 0 0
Council of Europe Development Bank AAA Stable aaa Extremely Strong Very Strong Strong Extremely Strong Extremely Strong Very Strong 0 0
Credit Guarantee and Investment facility AA Stable aa Adequate Adequate Adequate Extremely Strong Extremely Strong Strong 0 0
Eurasian Development Bank BBB Negative bbb Very Weak Moderate Weak Very Strong Very Strong Strong 0 0
European Atomic Energy Community AA Positive N/A N/A N/A N/A N/A N/A N/A N/A N/A
European Bank for Reconstruction and Development AAA Stable aaa Very Strong Strong Strong Extremely Strong Extremely Strong Very Strong 0 0
EUROFIMA AA Stable aa- Strong Adequate Strong Very Strong Strong Very Strong 1 0
European Financial Stability Facility AA Stable N/A N/A N/A N/A N/A N/A N/A N/A N/A
European Investment Bank AAA Stable aaa Extremely Strong Very Strong Strong Extremely Strong Very Strong Very Strong 0 0
European Investment Fund AAA Stable aa+ Very Strong Strong Strong Extremely Strong Extremely Strong Strong 1 0
European Stability Mechanism AAA Stable aaa Extremely Strong Very Strong Strong Extremely Strong Very Strong Very Strong 0 0
European Union AA Positive N/A N/A N/A N/A N/A N/A N/A N/A N/A
Fondo Latinoamericano de Reservas AA- Stable aa- Strong Strong Adequate Very Strong Very Strong Strong 0 0
FONPLATA A- Positive a- Moderate Strong Weak Very Strong Very Strong Strong 0 0
Inter-American Development Bank AAA Stable aaa Extremely Strong Very Strong Strong Very Strong Very Strong Strong 0 0
IDB Invest (Former Inter-American Investment Corporation) AA Positive aa Strong Strong Adequate Extremely Strong Extremely Strong Strong 0 0
International Bank for Reconstruction and Development AAA Stable aaa Extremely Strong Very Strong Strong Extremely Strong Extremely Strong Strong 0 0
The International Development Association AAA Stable aaa Extremely Strong Very Strong Strong Extremely Strong Extremely Strong Strong 0 0
International Finance Facility for Immunisation AA Stable N/A N/A N/A N/A N/A N/A N/A N/A N/A
International Finance Corp. AAA Stable aaa Very Strong Strong Strong Extremely Strong Extremely Strong Very Strong 0 0
International Investment Bank A- Stable a- Moderate Moderate Adequate Very Strong Very Strong Strong 0 0
Islamic Corporation for the development of the Private Sector A Negative a Adequate Adequate Adequate Very Strong Very Strong Strong 0 0
Islamic Development bank AAA Stable aaa Very Strong Very Strong Adequate Extremely Strong Extremely Strong Strong 0 0
New Development Bank AA+ Stable aa+ Strong Strong Adequate Extremely Strong Extremely Strong Strong 0 0
Nordic Investment Bank AAA Stable aaa Very Strong Strong Strong Extremely Strong Extremely Strong Strong 0 0
N/A--Not applicable.

Table 2

Five-Year Comparative Data For Multilateral Institutions--Global And Regional Institutions
--Global institutions-- --Regional institutions--
(Mil. US$)

IBRD

IFC

IDA

AfDB ADB AIIB CAF EBRD

ESM

FONPLATA IADB IDB Invest ISDB IIB ICD NDB
ENTERPRISE PROFILE
Policy Importance
Total purpose-related exposure (loans, equity, guarantees, etc.)
2020 211,129 46,686 167,743
2019 202,216 47,552 158,759 31,384 121,417 2,320 27,024 36,143 108,092 977 97,221 2,543 23,163 1,096 1,311 1,538
2018 191,946 47,653 151,847 29,351 113,734 1,381 25,635 33,649 102,344 807 93,831 1,756 21,682 956 1,541 625
2017 185,142 45,530 143,381 27,800 107,962 779 24,144 33,501 85,932 680 89,435 1,014 20,703 833 1,574 24
2016 174,875 42,609 137,816 22,801 69,471 10 22,465 30,162 81,634 557 82,182 887 18,380 406 1,600 N.A.
2015 158,444 42,489 131,315 20,291 64,145 N.A. 20,931 29,588 71,418 462 78,952 991 17,179 348 1,140 N.A.
Public-sector (incl. sovereign-guaranteed) loans / Purpose-related assets (%)
2020 100 0 100
2019 100 0 100 72 93 89 84

21

100 100 94 0 84 0 0 83
2018 100 0 100 72 93 88 84 21 100 100 94 0 85 0 0 88
2017 100 0 100 73 94 94 84 22 100 100 93 0 84 0 0 74
2016 100 0 100 73 92 100 84 19 100 100 93 0 81 0 0 N.A.
2015 100 0 100 70 92 N.A. 81 19 100 100 92 0 79 0 0 N.A.
Private-sector loans / Purpose-related assets (%)
2020 0 76 0
2019 0 71 0 23 6 11 15 65 0 0 6 96 7 100 73 17
2018 0 70 0 23 6 12 14 61 0 0 6 96 7 100 70 12
2017 0 68 0 23 5 6 14 59 0 0 7 95 6 100 56 26
2016 0 68 0 23 7 0 14 61 0 0 7 96 7 100 53 N.A.
2015 0 66 0 25 6 N.A. 17 60 0 0 8 97 9 100 27 N.A.
Equity exposure / Purpose-related assets (%)
2020 0 24 0
2019 0 29 0 5 1 0 2 15 0 0 0 4 8 0 27 0
2018 0 30 0 4 1 0 2 18 0 0 0 4 9 0 30 0
2017 0 32 0 4 1 0 2 19 0 0 0 5 10 0 44 0
2016 0 32 0 4 1 0 2 21 0 0 0 4 12 0 47 N.A.
2015 0 34 0 5 1 N.A. 2 21 0 0 0 3 12 0 73 N.A.
Gross loan growth (%)
2020 5 3 6
2019 5 3 4 5 8 68 6 10 6 17 4 45 (1) 17 (11) 146
2018 3 7 6 9 6 77 6 7 19 21 5 75 (0) 14 23 2518
2017 6 7 4 16 50 7820 8 (1) 5 22 9 13 (1) 78 4 N.A.
2016 8 3 4 17 9 N.A. 8 5 14 20 4 (11) 2 20 174 N.A.
2015 2 (4) (4) 3 11 N.A. 7 7 (1) 23 6 (6) 5 30 (4) N.A.
Preferred creditor treatment (PCT) ratio
2019 0.3 N.A. 1.7 1.7 0.1 0.0 4.3 0.0 0.0 0.0 2.2 N.A. 4.4 N.A. N.A. 0.0
2018 0.3 N.A. 1.9 1.8 0.1 0.0 4.4 0.0 0.0 0.0 2.3 N.A. 4.8 N.A. N.A. 0.0
2017 0.3 N.A. N.A. 1.8 0.1 0.0 4.1 0.0 0.0 0.0 2.4 N.A. 5.6 N.A. N.A. 0.0
Governance Structure and Shareholder Support
Share of votes controlled by eligible borrower member countries (%)
2020 34 77 28
2019 34 77 28 59 65 76 100 11 100 100 50 50 100 100 57 100
2018 28 77 28 59 65 77 100 11 100 100 50 50 100 100 59 100
2017 28 77 28 59 65 75 100 11 100 100 50 50 100 100 56 100
Share of votes controlled by top two shareholders (%)
2020 23 27 19
2019 24 27 19 16 26 40 35 19 47 67 41 25 33 59 74 40
2018 23 27 19 16 26 40 35 19 47 67 41 26 33 59 74 40
2017 23 27 19 16 26 40 36 19 47 67 41 27 33 61 73 40
Eligible callable capital (mil. US$)
2020 39,362 N.A. N.A.
2019 38,182 N.A. N.A. 18,529 26,789 10,223 4 6,846 230,308 - 11,925 N.A. N.A. N.A. N.A. N.A.
2018 36,909 N.A. N.A. 18,565 26,789 9,426 4 6,966 230,308 - 11,925 N.A. N.A. N.A. N.A. N.A.
2017 36,909 N.A. N.A. 18,964 26,789 10,038 4 7,292 230,308 - 11,925 N.A. N.A. N.A. N.A. N.A.
FINANCIAL RISK PROFILE
Capital and Earnings
RAC ratio (%) - Fiscal Year for 2015-2019*
Jun-20 N.A 35 N.A 19 36 124 N.A 29 N.A 26 22 43 33 N.A 23 29
2019 26 35 78.6 19 37 161 17 30 18 28 22 56 32 24 24 45
2018 28 32 85 21 40 186 16 29 N/A 33 21 71 34 N.A. 20 79
2017 28 29 81 23 39 156 16 30 N/A 43 24 109 34 25 21 83
2016 22 21 112 20 16 191 17 23 N/A 45 21 61 31 37 19 N.A.
2015 24 23 N.A. 24 17 N.A. 17 22 N/A 61 19 58 28 32 23 N.A.
Net interest income/average net loans (%)
2020 1.1 4.1 0.9
2019 1.0 4.0 0.8 1.9 1.4 22.0 2.6 3.3 0.0 4.6 2.0 6.4 4.4 2.7 (11.2) 18.4
2018 1.0 4.3 0.9 1.9 1.4 23.5 2.0 3.3 0.0 4.6 1.9 5.8 3.7 3.3 (20.4) 34.0
2017 1.0 5.0 0.8 1.4 1.5 31.7 1.7 3.4 0.1 3.8 2.2 6.0 3.9 0.7 (3.6) 417.9
2016 1.2 5.3 0.8 1.2 1.1 N.A. 1.6 3.6 0.5 3.4 2.4 5.0 5.2 1.4 11.9 N.A.
2015 0.9 5.8 0.8 1.2 1.1 N.A. 1.4 4.4 0.5 3.0 2.2 4.7 4.1 3.4 31.2 N.A.
Net income/average shareholder's equity
2020 (0.1) (6.0) (0.7)
2019 1.2 0.4 (4.1) 0.7 3.0 2.0 2.6 7.7 0.4 2.9 4.2 2.3 1.6 1.5 (10.7) 2.2
2018 1.7 5.0 (3.2) 0.6 1.5 1.6 2.0 1.3 0.3 3.0 2.6 1.5 1.0 1.5 (31.5) 1.7
2017 (0.6) 6.0 (1.5) 2.6 93.4 1.4 0.7 3.7 0.1 2.6 2.1 1.4 2.3 0.3 (10.3) 1.6
2016 1.3 (0.1) 0.3 0.4 0.0 N.A. 1.2 5.4 0.7 2.2 3.3 1.9 3.8 0.2 2.0 N.A.
2015 (2.0) 1.7 (0.5) (0.5) 3.2 N.A. 0.9 3.1 0.9 1.2 3.9 0.4 2.1 0.5 2.1 N.A.
Impaired loans and advances/Total loans (%)
2020 0.21 5.4 1.27
2019 0.2 3.9 1.6 2.9 0.0 0.0 0.3 4.2 0.0 0.0 2.4 1.3 3.7 1.9 13.1 0.0
2018 0.2 4.1 1.7 2.6 0.0 0.0 0.5 4.6 0.0 0.0 2.6 1.8 4.1 2.5 13.1 0.0
2017 0.2 5.9 1.8 4.6 0.0 0.0 0.6 3.7 0.0 0.0 0.5 2.8 4.8 2.2 13.5 0.0
2016 0.3 6.6 1.9 5.9 N.A. 0.0 0.6 5.2 0.0 0.0 0.6 1.0 6.3 4.5 14.5 N.A.
2015 0.3 6.7 2.0 6.4 N.A. N.A. 0.0 5.6 0.0 0.0 0.6 1.0 3.1 3.1 18.2 N.A.
Funding and Liquidity
Liquidity Ratios
Liquid assets/adjusted total assets (%)
2020 29 48 18
2019 29 49 17 35 16 89 33 47 50 25 26 35 30 28 47 95
2018 18 48 18 37 16 91 33 47 50 22 25 46 30 29 50 89
2017 18 50 17 39 18 93 33 44 55 19 27 55 27 30 43 99
2016 15 51 18 40 21 100 34 43 57 26 25 59 25 46 33 99
2015 15 50 19 38 19 N.A. 33 43 59 26 26 35 24 49 26 N.A.
Liquid assets/gross debt (%)
2020 35 83 179
2019 36 91 323 49 35 765 55 70 89 124 37 83 57 46 80 405
2018 35 85 501 52 35 N.A. 55 71 92 288 36 114 57 50 76 1,109
2017 36 85 888 55 37 N.A. 55 71 107 636 39 184 54 54 69 942
2016 30 84 1,107 58 35 N.A. 58 68 111 1,235 35 120 50 118 56 653
2015 31 85 1,559 59 35 N.A. 57 69 125 N.A. 36 88 50 155 66 N.A.
Liquidity coverage ratio (with planned disbursements):
6 months (net derivate payables)
Jun-20 N.A 1.6 N.A 5.2 2.5 6.1 N.A 1.7 N.A 1.8 2.7 2.4 1.9 N.A 4.0 0.9
2019 1.8 1.9 3.0 2.0 1.7 15.1 2.5 1.4 3.8 1.7 2.3 2.0 1.8 1.7 5.0 2.6
2018 2.1 1.5 3.8 2.4 2.1 14.0 1.8 1.5 N.A. 2.3 3.0 2.0 1.8 N.A. 2.8 >100
2017 0.9 1.9 2.0 2.6 1.6 19.6 1.8 2.0 N.A. 2.3 2.9 22.9 2.0 1.0 4.0 >100
2016 1.6 1.6 10.1 1.9 2.0 N.A. 1.7 1.4 N.A. 2.3 3.6 23.0 1.7 2.4 1.4 N.A.
2015 1.6 1.6 N.A. 1.9 1.3 N.A. 1.4 1.8 N.A. 25.2 4.7 2.9 1.4 1.4 N.A. N.A.
12 months (net derivate payables)
Jun-20 N.A 1.4 N.A 2.3 1.2 5.5 N.A 1.4 N.A 1.1 1.7 2.6 1.4 N.A 1.3 1.2
2019 1.2 1.4 2.0 1.5 1.3 10.3 1.5 1.2 2.9 1.1 1.4 1.9 1.4 1.0 2.5 1.6
2018 1.2 1.3 2.6 1.7 1.8 7.3 1.7 1.2 N.A. 1.3 1.4 1.7 1.2 N.A. 2.5 1.9
2017 0.7 1.4 1.3 1.4 1.1 10.9 1.4 1.3 N.A. 1.1 1.4 12.9 1.7 1.0 3.3 2.4
2016 1.0 1.4 10.0 1.3 1.3 N.A. 1.3 1.2 N.A. 1.1 1.5 2.4 1.1 1.2 1.2 N.A.
2015 0.9 1.3 N.A. 1.1 1.1 N.A. 1.1 1.4 N.A. 11.8 1.5 2.2 0.9 1.0 N.A. N.A.
12 months (net derivate payables) including 50% of all undisbursed loans
Jun-20 N.A 1.4 N.A 1.7 0.9 5.6 N.A 1.1 N.A 0.9 1.4 3.8 1.1 N.A 1.4 1.9
2019 1.0 1.4 0.9 1.2 0.9 6.9 1.4 1.1 2.9 0.7 1.2 3.2 1.1 1.1 3.1 2.7
2018 0.9 1.1 1.0 1.2 1.0 4.4 1.6 1.0 N.A. 0.8 1.2 1.7 0.8 N.A. 2.7 3.7
2017 0.6 1.1 0.8 1.1 0.8 6.0 1.4 1.3 N.A. 0.7 1.2 6.6 0.9 1.1 3.4 4.9
2016 0.8 1.3 1.9 1.2 1.0 N.A. 1.3 1.2 N/A 0.7 1.2 2.3 0.6 1.3 1.4 N.A.
2015

0.9

1.0

N.A. 1.0 0.9 N.A. 1.1 1.4 N/A 6.5 1.1 2.6 0.5 N.A. N.A.
2014 0.9 1.2 N.A. 1.2 0.9 N.A. 1.0 1.9 N.A. 1.0 1.4 0.7 N.A. N.A. N.A.
Funding Ratios
Gross debt / adjusted total assets (%) Fiscal year
2020 82.0 57.9 9.9
2019

81.4

54.5

5.4

72.3 47.4 11.7 60.2 67.2 56.4 20.2 71.2 42.3 52.4 62.6 58.7 23.4
2018 51.6 56.3 3.5 71.0 47.2 N.A 58.8 65.9 53.8 7.6 69.7 40.1 53.6 57.0 65.8 8.0
2017 50.7 58.7 1.9 71.1 47.9 N.A 60.1 62.5 51.7 3.1 70.3 29.6 50.1 55.2 62.6 10.5
2016 49.0 61.0 1.6 69.5 59.2 N.A 58.0 63.2 50.8 2.1 71.0 49.5 51.0 39.2 57.9 15.2
2015 46.9 58.6 1.2 64.9 56.2 N.A 58.8 62.3 46.7 N.M. 71.3 39.8 46.7 31.7 40.0 N.M.
Short-term debt (by remaining maturity) / gross debt (%)
2020 21.1 25.2 29.6
2019 21.8 20.5 18.8 18.5 19.4 N.A 20.5 37.4 27.8 2.0 18.9 N.M. 12.3 40.7 79.8 45.4
2018 21.6 23.5 N.A. 16.1 14.2 N.A 13.2 36.9 21.3 6.8 18.2 38.9 24.8 20.4 55.5 3.0
2017 18.9 25.7 N.A. 22.3 22.1 N.A 20.0 35.2 27.9 38.5 19.8 3.2 9.9 5.0 47.8 3.1
2016 19.0 26.4 N.A. 19.6 24.9 N.A 20.8 32.9 21.2 N.M. 15.3 40.4 12.6 44.1 39.7 3.2
2015 23.2 19.6 N.A. 22.7 21.6 N.A 24.3 25.4 32.2 N.M. 17.6 9.7 13.1 15.6 85.4 N.M.
Static Funding Gap (without planned disbursements)
12 months (net derivate payables)
Jun-20 N.A. 1.3 N.A. 2.7 1.1 >100 N.A. 1.6 N.A. 7.7 1.6 23.4 3.8 N.A. 1.0 4.6
2019 1.3 1.2 2.6 1.4 1.2 >100 2.3 1.4 2.3 29.6 1.3 61.6 2.5 1.4 2.8 8.5
2018 1.3 1.5 2.8 1.6 1.4 N.A. 2.6 1.4 N.A. 21.1 1.3 2.2 2.1 N.A. 3.1 > 100
2017 1.4 1.4 2.5 1.2 1.0 N.A. 2.2 1.6 N.A. 12.6 1.3 29.0 4.5 3.3 4.4 > 100
2016 1.2 1.2 2.5 1.4 0.9 5.3 2.0 1.5 N.A. >100 1.4 2.0 2.2 1.8 4.4 N.A.
2015 1.1 1.4 N.A. 1.4 1.0 N.A. 1.8 1.8 N.A. N.A. 1.5 3.7 1.8 1.6 0.6 N.A.
SUMMARY BALANCE SHEET
Total assets (mil. US$)
2020 296,804 95,800 199,472
2019

283,031

99,257

188,553

48,734 221,866 22,632 42,294 76,546 219,669 1,308 136,358 3,900 32,597 1,525 2,529 11,821
2018 403,056 94,272 206,330 46,965 191,860 19,562 40,014 70,716 205,168 1,043 129,459 3,209 30,661 1,366 3,071 10,402
2017 405,898 92,254 197,041 46,389 182,381 18,973 38,112 67,442 193,684 852 126,240 2,185 28,019 1,315 3,001 10,224
2016 371,260 90,434 180,475 39,960 125,854 17,795 35,669 59,215 189,203 759 113,325 2,147 24,394 927 2,576 10,054
2015 343,225 87,548 178,685 35,121 117,697 N.A 32,470 59,742 173,089 628 111,139 1,505 22,305 879 1,710 N.A.
Total liabilities (mil. US$)
2020 256,417 70,618 31,301
2019

240,916

71,651

25,571

38,537 169,948 2,645 29,497 56,534 125,807 280 102,487 1,867 20,062 1,067 1,562 1,649
2018 361,212 68,136 42,385 36,972 140,876 50 28,151 52,099 112,043 90 96,530 1,390 18,506 936 2,067 458
2017 366,100 67,201 38,565 36,289 132,112 14 26,990 48,033 101,048 36 93,993 741 15,894 841 1,938 456
2016 334,197 67,668 25,775 31,081 108,640 6 25,195 42,845 96,673 26 86,865 1,125 13,197 517 1,553 448
2015 304,588 63,122 31,536 26,142 100,251 N.A 22,946 43,906 81,383 10 85,886 648 11,429 447 694 N.A.
Shareholder's equity (mil. US$)
2020 40,387 25,182 168,171
2019 42,115 27,606 162,982 10,196 51,918 19,986 12,797 20,012 93,862 1,028 33,871 2,033 12,535 458 967 10,171
2018 41,844 26,136 163,945 9,993 50,984 19,512 11,863 18,617 93,124 953 32,929 1,819 12,155 430 1,004 9,945
2017 39,798 25,053 158,476 10,100 50,269 18,959 11,122 19,409 92,636 816 32,247 1,445 12,125 475 1,063 9,769
2016 37,063 22,766 154,700 8,880 17,214 17,790 10,474 16,370 92,530 733 26,460 1,022 11,197 411 1,024 9,605
2015 38,637 24,426 147,149 8,979 17,446 N.A 9,524 15,836 91,706 618 25,253 857 10,877 432 1,016 N.A.
*Balance sheet data and corresponding ratios are based on fiscal year as each institution defines it and converted to USD based on year-end exchange rates. **Effective June 30, 2019, the presentation of derivative instruments on IBRD's balance sheet was aligned with the market practice of netting asset and liability positions by counterparty, after cash collateral received. Financial information for fiscal year 2015 to fiscal year 2018 has not been adjusted and is based on the historical presentation. ***Year end-2019 and June 2020 RAC ratios are with the Sept. 15, 2020, rating parameters. ****The breakdown of sovereign and nonsovereign loans for AIIB and NDB are based on loans and loan commitments. AfDB--African Development Bank. ADB--Asian Development Bank. AIIB--Asian Infrastructure Investment Bank. ADB—Asian Development Bank. BSTDB--Black Sea Trade and Development Bank. CABEI--Central American Bank for Economic Integration. CAF--Corporacion Andina de Fomento. CDB--Caribbean Development Bank. CEB--Council of Europe Development Bank. EBD--Eurasian Development Bank. EBRD--European Bank for Reconstruction and Development. EIB--European Investment Bank. EIF--European Investment Fund. ESM--European Stability Mechanism. EUROFIMA - European Company for the Financing of Railroad Rolling Stock. FONPLATA--Fondo Financiero para el Desarrollo de la Cuenca del Plata. FLAR--Fondo Latinoamericano de Reservas. IADB--Inter-American Development Bank. IBRD--International Bank for Reconstruction and Development. IDA--The International Development Association. IDB Invest--Inter-American Investment Corp. IFC--International Finance Corp. ISDB--Islamic Development Bank. IIB--International Investment Bank. ICD--Islamic Corporation for the Development of the Private Sector. NDB--New Development Bank. NIB--Nordic Investment Bank. N.A.--Not applicable. N.M. Not meaningful.

Table 3

Five-Year Comparative Data For Multilateral Institutions--Subregional And Other Institutions
Subregional Institutions Other MLIs Other OSIs
(Mil. US$) BSTDB CDB CABEI EDB CEB EUROFIMA EIB NIB EIF CGIF FLAR
ENTERPRISE PROFILE
Policy Importance
Total purpose-related exposure (loans, equity, guarantees, etc.)
2019 2,079 1,274 7,801 2,462 17,344 11,429 501,368 21,145 13,190 2,090 1,354
2018 1,562 1,186 7,653 1,943 16,749 11,463 512,206 21,842 10,641 1,410 1,817
2017 1,407 1,078 6,962 1,557 16,597 14,090 542,185 20,736 8,869 1,096 485
2016 1,261 1,035 6,810 1,803 14,470 14,116 471,817 17,553 5,838 1,120 714
2015 1,217 1,039 6,185 1,699 14,233 15,472 488,894 17,033 4,199 749 540
Public-sector (including sovereign-guaranteed) loans/purpose-related assets (%)
2019

27

94 81 0 68 100 69 43 0 0 100
2018 13 96 82 0 68 100 47 44 0 0 100
2017 10 96 83 0 67 100 47 45 0 0 100
2016 4 97 80 0 68 100 47 45 0 0 100
2015 4 96 77 0 64 100 45 29 0 0 100
Private-sector loans/purpose-related assets (%)
2019 71 6 18 99 32 0 27 57 0 100 0
2018 84 4 18 100 32 0 53 56 0 100 0
2017 87 4 16 100 33 0 54 55 0 100 0
2016 92 3 19 100 32 0 52 55 0 100 0
2015 90 4 22 100 36 0 54 71 0 100 0
Equity exposure/purpose-related assets (%)
2019 2 0 0 1 0 0 3 0 100 0 0
2018 2 0 0 0 0 0 2 0 100 0 0
2017 3 0 0 0 0 0 1 0 100 0 0
2016 4 0 0 0 0 0 1 0 100 0 0
2015 6 0 0 0 0 0 1 0 100 0 0
Gross loan growth (%)
2019 37 8 3 16 5 2 (1) (1) N.A. 48 (25)
2018 18 10 10 25 6 (18) (1) 11 N.A. 29 275
2017 (0) 4 6 (5) 1 (5) 0 4 N.A. (2) (32)
2016 9 2 6 (3) 5 (7) (1) 6 N.A. 50 32
2015 20 1 6 (29) 4 (15) 2 3 N.A. 22 (13)
Preferred creditor treatment (PCT) ratio
2019 N.A. 0.8 0.0 N.A. 0.0 0.0 0.2 0.0 N.A. N.A. 0.0
2018 N.A. 0.9 0.0 N.A. 0.0 0.0 0.1 0.0 N.A. N.A. 6.0
2017 N.A. 1.0 0.0 N.A. 0.0 0.0 0.1 0.0 N.A. N.A. 0.0
Governance Structure And Shareholder Support
Share of votes controlled by eligible borrower member countries (%)
2019 100 65 83 100 94 100 100 100 100 10 100
2019 100 65 84 100 94 100 100 100 100 10 100
2018 100 65 83 100 94 100 100 100 100 11 100
Share of votes controlled by top two shareholders (%)
2019 33 34 23 99 33 45 32 56 N.A 60 34
2018 33 34 24 99 33 45 32 56 88 62 33
2017 33 34 24 99 33 45 32 56 88 56 34
Eligible callable capital
2019 N.A. 196 375 N.A. 1,496 1,543 64,446 4,955 2,500 N.A N.A.
2018 N.A. 196 375 N.A. 1,524 1,470 65,676 5,048 2,885 N.A N.A.
2017 N.A. 196 375 N.A. 1,670 1,530 68,781 5,299 3,018 N.A N.A.
FINANCIAL RISK PROFILE
Capital And Earnings
RAC ratio (%) fiscal year for 2015-2020
Jun-20 24 30 18 N.A 27 10 20 25 23 42 82
2019 25 28 17 18 25 11 21 31 25 32 43
2018 26 29 16 28 25 11 21 29 29 40 26
2017 29 33 16 28 25 10 18 29 29 39 162
2016 33 32 10 22 20 11 15 25 37 21 124
2015 34 29 10 19 21 10 15 23 43 30 117
Net interest income/average net loans (%)
2019 2.4 3.4 3.6 4.7 1.0 0.2 0.7 1.1 N.M. N.M. 6
2018 2.8 3.0 3.5 5.7 1.1 0.1 0.7 1.2 N.M. N.M. 8
2017 2.5 2.2 3.7 5.8 1.2 0.1 0.8 1.4 N.M. N.M. 10
2016 2.8 1.5 3.8 7.0 1.2 0.1 0.8 1.5 N.M. N.M. 10
2015 4.0 2.0 4.1 4.8 1.3 0.1 0.8 1.6 N.M. N.M. 9
Net income/average shareholders' equity
2019 1.7 2.7 6.9 3.8 3.4 1.5 3.3 5.0 8.8 2.2 3
2018 0.7 1.6 7.4 3.9 3.3 1.0 3.3 4.9 6.5 2.0 3
2017 1.2 0.9 3.0 2.5 3.9 1.0 4.2 6.3 5.7 1.5 1
2016 0.2 0.2 5.0 10.3 3.8 1.3 4.4 6.6 6.5 1.4 1
2015 2.2 1.3 6.4 (9.2) 4.8 1.8 4.5 7.0 5.5 1.1 1
Impaired loans and advances/total loans (%)
2019 2.8 0.2 0.9 0.0 0.0 0.0 0.0 0.4 N.M. 0.0 32
2018 3.1 0.4 0.7 1.2 0.0 0.0 0.0 0.4 N.M. 0.0 0
2017 5.4 0.5 0.4 2.9 0.0 0.0 0.0 0.6 N.M. 0.0 0
2016 6.4 0.5 0.6 5.9 0.0 0.0 0.0 0.7 N.M. 0.0 0
2015 4.0 0.5 1.6 4.0 0.0 0.0 0.0 0.1 N.M. 0.0 0
Funding And Liquidity
Liquidity Ratios
Liquid assets/adjusted total assets (%)
2019 21 35 34 56 34 28 18 37 8 94 81
2018 25 27 31 49 33 28 18 35

12

95 74
2017 25 28 31 54 35 21 16 38 11 95 92
2016 29 28 30 51 35 17 18 37 10 94 89
2015 15 19 27 45 36 17 17 32 10 96 91
Liquid assets/gross debt (%)
2019 34 65 58 132 43 33 22 44 N.M. N.M N.M.
2018 47 58 54 119 42 34 22 43 N.M. N.M N.M.
2017 52 64 52 150 46 27 20 46 N.M. N.M N.M.
2016 56 66 50 145 47 21 22 44 N.M. N.M N.M.
2015 35 51 47 109 48 21 20 39 N.M. N.M N.M.
Liquidity coverage ratio (with planned disbursements):
Six months (net derivate payables)
Jun-20 N.A 2.6 2.2 N.A 1.9 1.2 1.7 1.6 12.0 66.4 1.89
2019 1.6 3.8 1.9 1.3 2.4 1.2 1.3 1.8 11.3 >100 1.5
2018 2.0 2.3 2.0 1.5 2.3 1.6 1.4 1.4 4.1 >100 1.4
2017 1.7 3.6 1.8 1.1 2.1 1.6 1.2 1.2 7.1 >100 1.5
2016 2.5 3.8 1.4 1.1 1.9 2.0 1.2 1.4 10.0 >100 1.5
2015 1.2 3.1 1.7 1.3 3.6 1.4 1.3 1.1 12.3 >100 1.7
Liquidity coverage ratio (with planned disbursements):
12 months (net derivate payables)
Jun-20 N.A 2.1 1.9 N.A 1.5 1.2 1.1 1.3 10.8 12.9 2.0
2019 1.3 2.0 1.6 0.9 1.4 1.1 1.1 1.3 8.5 >100 1.5
2018 1.7 1.7 1.5 0.8 1.2 1.3 1.3 1.3 2.8 >100 1.3
2017 2.0 2.4 1.5 1.1 1.2 1.3 1.1 1.1 5.1 >100 1.4
2016 2.6 2.5 1.3 1.1 2.0 1.3 1.1 1.3 7.0 >100 1.4
2015 0.9 2.1 1.2 1.1 2.2 1.2 1.0 1.1 7.0 >100 1.6
12 months (net derivate payables) including 50% of all undisbursed loans
Jun-20 N.A 2.1 1.3 N.A 1.4 1.2 1.1 1.5 2.5 12.9 2.0
2019 2.1 1.3 1.2 1.1 1.3 1.1 1.0 1.5 2.4 >100 1.5
2018 2.3 1.7 1.1 1.2 1.2 1.3 1.3 1.5 2.1 >100 1.3
2017 3.1 1.9 1.1 1.2 1.2 1.3 1.1 1.3 3.1 >100 1.4
Funding Ratios
Gross debt/adjusted total assets (%)
2019 63 53.5 58.0 42.8 78.9 82.5 81.2 84.6 N.M. N.M. 0.0
2018 53.1 46.3 57.5 41.1 78.6 81.2 81.9 82.7 N.M. N.M. 0.0
2017 47.7 43.2 59.3 36.2 77.5 79.2 81.8 82.1 N.M. N.M. 0.0
2016 51.8 42.7 58.9 35.5 76.0 81.2 82.2 83.6 N.M. N.M. 0.0
2015 42.0 37.0 56.8 41.5 75.2 82.3 82.3 81.8 N.M. N.M. 0.0
Short-term debt (by remaining maturity)/gross debt (%)
2019 43 8.0 15.9 2.0 17.4 32.1 18.0 20.9 N.M. N.M. N.M.
2018 45.1 6.6 13.8 7.3 18.5 22.4 15.6 22.3 N.M. N.M. N.M.
2017 18.1 1.3 13.6 9.0 25.9 22.3 14.8 24.4 N.M. N.M. N.M.
2016 75.7 1.1 15.1 9.7 17.1 21.4 16.6 22.3 N.M. N.M. N.M.
2015 57.8 1.2 19.1 23.3 15.8 23.8 17.5 26.5 N.M. N.M. N.M.
Static Funding Gap (without planned disbursements)
12 months (net derivate payables)
Jun-20 N.A 14.4 2.4 N.A 1.9 1.4 1.2 1.4 10.6 >100 1.9
2019 6.6 7.1 1.9 1.8 1.7 1.3 1.2 1.4 10.3 >100 1.4
2018 3.6 5.5 1.8 3.3 1.4 1.5 1.2 1.5 4.0 >100 1.3
2017 6.2 18.6 1.8 2.8 1.3 1.4 1.2 1.3 8.4 >100 1.8
2016 6.2 38.2 1.7 2.6 1.8 1.2 1.2 1.5 11.7 >100 1.5
2015 1.9 14.4 1.7 3.2 1.8 1.3 1.2 1.2 5.7 >100 1.4
SUMMARY BALANCE SHEET
Total assets
2019 2,630 2,096 11,611 5,161 29,341 18,085 621,295 36,649 3,328 1,255 6,775
2018 2,053 1,748 10,850 3,710 27,838 18,083 635,455 36,255 3,047 958 6,867
2017 1,818 1,641 9,721 3,320 28,562 20,418 659,557 35,949 2,987 779 6,262
2016 1,753 1,599 9,194 3,255 26,939 20,519 603,159 31,754 2,425 772 6,801
2015 1,400 1,407 8,813 2,881 27,269 22,749 619,525 29,652 2,377 752 6,194
Total liabilities
2019 1,698 1,162 8,168 3,311 25,874 16,370 538,590 32,456 1,094 77 3,278
2018 1,137 849 7,652 1,972 24,381 16,414 553,907 32,164 771 47 3,481
2017 908 741 6,890 1,611 25,002 18,743 576,761 31,801 639 40 2,979
2016 961 703 6,471 1,588 23,981 18,934 533,524 28,308 446 44 3,657
2015 616 533 6,240 1,381 24,325 21,156 550,774 26,236 357 29 3,174
Shareholders' equity
2019 932 934 3,443 1,850 3,467 1,716 82,705 4,192 2,234 1,178 3,497
2018 916 899 3,198 1,738 3,456 1,669 81,548 4,090 2,276 911 3,386
2017 911 900 2,831 1,710 3,561 1,675 82,796 4,148 2,350 739 3,283
2016 792 897 2,723 1,667 2,959 1,585 69,635 3,446 1,980 728 3,144
2015 783 874 2,573 1,499 2,944 1,593 68,751 3,416 2,018 723 3,021
Note: Balance sheet data and corresponding ratios are based on fiscal year as each institution defines it and converted to U.S. dollar based on year-end exchange rates. Effective June 30, 2019, the presentation of derivative instruments on IBRD's balance sheet was aligned with the market practice of netting asset and liability positions by counterparty, after cash collateral received. Year end-2019 and June 2020 RAC ratios are with the September 15, 2020 rating parameters. The breakdown of sovereign and non-sovereign loans for AIIB and NDB are based on loans and loan commitments. CGIF loan growth and impaired loans ratio refers to its guarantees. AfDB--African Development Bank. ADB--Asian Development Bank. AIIB--Asian Infrastructure Investment Bank. ADB—Asian Development Bank. BSTDB--Black Sea Trade and Development Bank. CABEI--Central American Bank for Economic Integration. CAF--Corporacion Andina de Fomento. CDB--Caribbean Development Bank. CEB--Council of Europe Development Bank. EBD--Eurasian Development Bank. EBRD--European Bank for Reconstruction and Development. EIB--European Investment Bank. EIF--European Investment Fund. EUROFIMA - European Company for the Financing of Railroad Rolling Stock. FONPLATA--Fondo Financiero para el Desarrollo de la Cuenca del Plata. FLAR--Fondo Latinoamericano de Reservas. IADB--Inter-American Development Bank. IBRD--International Bank for Reconstruction and Development. IDA--The International Development Association. IDB Invest--Inter-American Investment Corp. IFC--International Finance Corp. ISDB--Islamic Development Bank. IIB--International Investment Bank. ICD--Islamic Corporation for the Development of the Private Sector. NDB--New Development Bank. NIB--Nordic Investment Bank.

Table 4

Risk-Adjusted Capital--Global And Regional Institutions
--Global institutions-- --Regional institutions--
(Mil. US$) IBRD IFC IDA AfDB ADB AIIB

CAF

EBRD

ESM

FONPLATA IADB IDB Invest ISDB

IIB

ICD NDB
Reporting Date Jun-19 Jun-20 Jun-19 Jun-20 Jun-20 Jun-20 Dec-19 Jun-20 Dec-19 Jun-20 Jun-20 Jun-20 Jun-20 Dec-19 Jun-20 Jun-20
Risk-Adjusted Capital Ratio After Adjustments (%) 26 35 79 19 36 124 17 29 18 26 22 43 33 24 23 29
Credit Risk
Government and central banks 234,685 1,853 212,959 48,479 134,107 4,272 49,047 17,832 91,305 2,412 141,185 7 41,583 30 298 2,290
Institutions 10,092 23,292 2,707 3,777 5,716 6,142 5,540 18,036 3,246 26 5,189 2,408 4,246 351 1,323 4,394
Corporate 30 26,492 - 5,649 7,759 1,271 2,519 29,098 - - 6,487 3,227 2,483 985 979 1,667
Retail - - - - - 33 - - - - -
Securitization 685 1,622 403 190 - 21 859 800 - - 184 - -
Other assets 4,492 7,721 1,891 263 1,069 - - 3,050 1,018 19 1,169 686 238 350
Total credit risk 249,985 60,980 217,960 58,359 148,651 11,705 57,999 68,816 95,570 2,458 154,214 5,643 48,997 1,604 2,951 8,352
Credit Risk - Average Risk Weight (%)
Government and central banks 85 9 101 109 77 49 167 104 71 122 106 4 155 13 70 34
Institutions 20 57 22 58 30 36 40 50 18 36 31 75 44 110 101 55
Corporate 92 148 - 194 139 79 110 141 141 152 159 106 168 162
Retail - - - 293
Securitization 18 27 30 481 - 20 250 41 42
Other assets 180 175 116 256 183 - - 253 104 291 113 235 249 237
Total credit risk 75 68 96 108 75 42 126 89 65 120 99 102 128 102 120 53
Credit Valuation Adjustment
Credit Valuation Adjustment - - - - - - - - - - - -
Average risk weight (%) -- -- -- -- -- -- -- -- -- -- -- --
Market Risk
Equity in the banking book 5,362 33,657 - 6,959 4,153 628 2,198 12,484 - - 275 2,317 5 1,651
Trading book market risk - - - - - - 2,702 - - - - - - -
Total market risk 5,362 33,657 - 6,959 4,153 628 4,900 12,484 - - 275 2,317 5 1,651
Average risk weight (%) 383 317 - 518 276 30 602 335 - - 231 217 410 436
Operational Risk
Total operational risk 5,226 6,914 4,185 3,977 4,471 1,644 5,043 3,531 4,592 102 8,410 423 1,612 70 283 691
Risk Transfer Mechanism
Risk Transfer Mechanism - - 397 -
Average risk weight (%) - - 62 -
RWA before MLI adjustments 260,572 101,551 222,145 69,692 157,275 13,977 67,941 84,831 100,162 2,560 162,623 6,341 52,926 1,679 4,885 9,042
MLI Adjustments
Single Name (On Corporate Exposures) 452 618 - 1,606 2,056 804 1,500 2,205 - - 1,123 510 1,025 751 407 -
Sector (On Corporate Portfolio) (24) (3,016) - (626) (1,038) (182) (102) (2,879) - - (289) (328) (359) (186) (78) (0)
Geographic (25,788) (18,326) (16,718) (5,417) (14,154) (1,920) (5,879) (12,968) (1,565) (189) (14,875) (1,036) (5,561) (243) (1,051) (649)
Preferred Creditor Treatment (On Sovereign Exposures) (148,668) - (90,602) (26,294) (84,555) (2,154) (21,336) (8,487) (62,233) (1,400) (81,455) - (21,330) - - (1,730)
Preferential Treatment (On FI & Corporate Exposures) (270) (6,278) (125) (990) (1,626) (1,194) (799) (5,541) - (3) (925) (618) (911) (164) (335) (1,174)
Single Name (On Sovereign Exposures) 74,686 - 92,183 14,499 86,728 6,521 35,157 5,884 491,839 3,056 87,286 - 9,325 - - 19,665
Total MLI adjustments (99,612) (27,002) (15,262) (17,222) (12,588) 1,875 1,987 (21,785) 428,041 1,464 (9,135) (1,471) (17,809) 158 (1,056) 16,112
RWA after MLI diversification 160,961 74,549 206,884 52,471 144,687 15,853 76,482 63,046 528,203 4,024 153,488 4,870 35,117 1,836 3,829 25,155
Total adjusted capital 41,997 25,851 162,658 10,126 52,330 19,599 12,698 18,329 93,366 1,044 33,653 2,105 11,687 448 878 7,252
Rating parameters for calculation as of Sept. 15, 2020. CEB, NIB, ESM, EIF, EUROFIMA, BSTDB, and EBRD have been converted from EUR to USD using the exchange rate as of Dec. 31, 2019. AfDB has been converted from UA to USD using the exchange rate as of Dec. 31, 2019. AfDB--African Development Bank. ADB--Asian Development Bank. AIIB--Asian Infrastructure Investment Bank. ADB—Asian Development Bank. BSTDB--Black Sea Trade and Development Bank. CABEI--Central American Bank for Economic Integration. CAF--Corporacion Andina de Fomento. CDB--Caribbean Development Bank. CEB--Council of Europe Development Bank. EBD--Eurasian Development Bank. EBRD--European Bank for Reconstruction and Development. EIB--European Investment Bank. EIF--European Investment Fund. EUROFIMA - European Company for the Financing of Railroad Rolling Stock. FONPLATA--Fondo Financiero para el Desarrollo de la Cuenca del Plata. FLAR--Fondo Latinoamericano de Reservas. IADB--Inter-American Development Bank. IBRD--International Bank for Reconstruction and Development. IDA--The International Development Association. IDB Invest--Inter-American Investment Corp. IFC--International Finance Corp. ISDB--Islamic Development Bank. IIB--International Investment Bank. ICD--Islamic Corporation for the Development of the Private Sector. NDB--New Development Bank. NIB--Nordic Investment Bank. RAC--Risk-adjusted capital. RWA--Risk-weighted assets. TAC--Total adjusted capital.

Table 5

Risk-Adjusted Capital--Subregional And Other Institutions
--Subregional institutions-- --Other MLIs-- --Other OSIs--
(Mil. US$) BSTDB CDB CABEI

EDB

CEB EUROFIMA

EIB

NIB EIF CGIF FLAR
Reporting date Jun-20 Jun-20 Jun-20 Dec-19 Jun-20 Jun-20 Jun-20 Jun-20 Jun-20 Jun-20 Jun-20
Risk-adjusted capital ratio after adjustments (%) 24 30 18 18 27 10 20 25 23 42 82
Credit risk
Government and central banks 372 2,763 13,098 399 6,580 1,503 81,471 822 65 75 313
Institutions 1,045 10 2,072 1,373 3,118 466 38,294 1,585 174 46 975
Corporate 2,849 192 677 6,652 269 229 143,949 9,799 101 2,860 216
Retail 0 0 32 0 0 0 0 0 0 0 0
Securitization 0 0 0 0 0 17 14,605 11 5,431 0 176
Other assets 155 50 85 88 0 0 885 159 0 0 3
Total credit risk 4,421 3,015 15,965 8,512 9,967 2,215 279,204 12,376 5,772 2,982 1,684
Credit risk - average risk weight (%)
Government and central banks 161 139 118 46 27 10 25 6 7 7 15
Institutions 118 22 65 85 23 12 16 13 19 21 28
Corporate 173 129 173 180 62 70 85 69 79 130 77
Retail 0 0 97 0 0 0 0 0 0 0 0
Securitization 0 0 0 0 0 100 68 50 49 0 122
Other assets 309 51 253 267 0 99 99 99 99 0 122
Total credit risk 157 132 108 137 26 11 37 31 44 87 28
Credit valuation adjustment
Credit valuation adjustment 0 0 0 0 0 0 0 0 0 0 0
Average risk weight (%) 0 0 0 0 0 0 0 0 0 0 0
Market risk
Equity in the banking book 154 0 0 111 0 0 82,230 0 4,400 0 1
Trading book market risk 0 0 0 48 0 0 0 0 0 0 0
Total market risk 154 0 0 158 0 0 82,230 0 4,400 0 1
Average risk weight (%) 423 0 0 550 0 0 505 0 435 0 122
Operational risk
Total operational risk 199 216 1,051 283 338 66 8,245 697 745 79 162
Risk transfer mechanism
Risk transfer mechanism 0 0 0 0 0 0 15,045 0 0 0 0
Average risk weight (%) 0 0 0 0 0 0 35 0 0 0 0
RWA before MLI adjustments 4,773 3,231 17,016 8,953 10,305 2,281 384,723 13,074 10,917 3,060 1,847
MLI adjustments
Single name (on corporate exposures) 774 142 272 1,848 1,370 278 14,668 2,344 55 872 660
Sector (on corporate portfolio) (359) 17 (89) 425 98 (46) (15,092) (1,164) (8) (373) (75)
Geographic (593) (120) (347) (585) (1,080) (186) (45,074) (1,733) (1,603) (385) (182)
Preferred creditor treatment (on sovereign exposures) (4) (1,544) (7,509) (102) (3,992) (943) (47,845) (148) 0 0 (48)
Preferential treatment (on FI and corporate exposures) (592) (18) (283) (1,286) (18) (2) (8,833) (93) (1) (356) (96)
Single name (on sovereign exposures) 40 1,607 11,562 782 6,779 15,271 95,827 4,421 0 0 1,744
Total MLI adjustments (733) (219) 3,606 1,082 3,156 14,371 (6,350) 3,628 (1,556) (241) 2,003
RWA after MLI diversification 4,040 3,313 20,622 10,035 13,462 16,653 378,373 16,701 9,361 2,819 3,850
Total adjusted capital 954 979 3,627 1,823 3,570 1,719 74,868 4,123 2,150 1,179 3,147
Rating parameters for calculation as of Sept. 15, 2020. CEB, NIB, ESM, EIF, EUROFIMA, BSTDB, and EBRD have been converted from EUR to USD using the exchange rate as of Dec. 31, 2019. AfDB has been converted from UA to USD using the exchange rate as of Dec. 31, 2019. AfDB--African Development Bank. ADB--Asian Development Bank. AIIB--Asian Infrastructure Investment Bank. ADB—Asian Development Bank. BSTDB--Black Sea Trade and Development Bank. CABEI--Central American Bank for Economic Integration. CAF--Corporacion Andina de Fomento. CDB--Caribbean Development Bank. CEB--Council of Europe Development Bank. EBD--Eurasian Development Bank. EBRD--European Bank for Reconstruction and Development. EIB--European Investment Bank. EIF--European Investment Fund. EUROFIMA--European Company for the Financing of Railroad Rolling Stock. FONPLATA--Fondo Financiero para el Desarrollo de la Cuenca del Plata. FLAR--Fondo Latinoamericano de Reservas. IADB--Inter-American Development Bank. IBRD--International Bank for Reconstruction and Development. IDA--The International Development Association. IDB Invest--Inter-American Investment Corp. IFC--International Finance Corp. ISDB--Islamic Development Bank. IIB--International Investment Bank. ICD--Islamic Corporation for the Development of the Private Sector. NDB--New Development Bank. NIB--Nordic Investment Bank. RAC--Risk-adjusted capital. RWA--Risk-weighted assets. TAC--Total adjusted capital.

This report does not constitute a rating action.

Primary Credit Analyst:Alexis Smith-juvelis, New York + 1 (212) 438 0639;
alexis.smith-juvelis@spglobal.com
Secondary Contact:Prajakta Rege, Mumbai;
Prajakta.Rege@spglobal.com

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