Capital Markets

Capital Structure

With a powerful balance sheet, backed by 67 members, ADB's capital structure provides the greatest levels of security for fixed income investors.

Subscribed shareholder capital consists of paid-in capital and callable capital.

Paid-in capital constitutes the equity portion of capital available for ADB's OCR lending operations. This is supplemented by retained earnings and leveraged by the proceeds of ADB's borrowings.

Callable capital is available only for the protection of ADB's creditors - mainly investors in ADB bonds and holders of ADB guarantees - in the unlikely event of a wide scale default by ADB's borrowers.

ADB has raised its capital base 4 times since 1966 and has had full support from shareholders with each capital increase.

ADB has never made a call on callable capital.

Capitalization
(as of 31 December)
US$ MILLION