IDB’s core operating income increased 25% to $946 million, the highest in a decade

IDB’s core operating income increased to $946 million following stronger liquidity investment results, improved net interest margin, growth of development-related assets, and contained operating costs. Loan and guarantee approvals amounted to $13 billion, while loan disbursements amounted to $10.6 billion. Borrowings increased to $97 billion, following the issuance of approximately $20 billion in bonds, while preserving debt/equity ratio unchanged at 2.9x.

Overall, IDB’s financial performance was in line with Bank management’s expectations and market benchmarks. IDB continues to be the largest source of multilateral financing for Latin America and the Caribbean.

“IDB posted a strong financial performance in 2019. The Bank’s overall risk and financial position remains very strong, as evidenced by a high credit quality liquidity position and strong capitalization ratios. These results have allowed the Bank to preserve its lending capacity and achieve further price competitiveness to better serve our clients and meet our development objectives,” says Gustavo De Rosa, IDB’s CFO and General Manager of the Finance Department.