It's tiny, lol, does its business in US Dollars (oops!) and has lent out almost no money at all. "Strategic and paramount significance!" bwahahaha
https://theexchange.africa/countries/brics-new-development-bank-breaks-us-dollars-dominance/
BRICS New Development Bank breaks away from the US dollar’s dominance
The United States’ global economic dominance is experiencing disruption. Unsurprisingly, the BRICS New Development Bank (NDB) is at the center of the shift. NDB, formerly the BRICS Development Bank, is a multilateral bank established by Brazil, Russia, India, China, and South Africa. The Bank has launched a BRICS potential union of up-and-coming discontents. On the scale of GDP, the union now collectively outweighs the reigning economic hegemon, the United States. It also goes beyond the scope of the entire G-7 economic weight class.
In a bold move to take on the US-dominated World Bank, the BRICS New Development Bank will now issue loans in local currencies. President Dilma Rousseff of the NDB has confirmed that the Bank intends to offer 30 per cent of its loans in the local currencies of its member nations, effectively abandoning the use of the dollar in international trade.
https://www.ft.com/content/1c5c6890-3698-4f5d-8290-91441573338a
Brics bank strives to reduce reliance on the dollar
The development bank set up by the Brics nations plans to begin lending in the South African and Brazilian currencies as part of a plan to reduce reliance on the dollar and promote a more multipolar international financial system, according to its president.
“We expect to lend between $8bn-$10bn this year,” Rousseff told the Financial Times in an interview. “Our aim is to reach about 30 per cent of everything we lend . . . in local currency.”
She said the NDB would issue debt in rand for lending in South Africa and do “the same thing in Brazil with the real. We’re going to try to either do a currency swap or issue debt. And also in rupees.” The bank already lends in renminbi.