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FMO releases Annual Report 2007
Wednesday May 14, the FMO Annual General Shareholders Meeting was held at the FMO offices in The Hague. The Dutch State holds 51% of its shares while the large Dutch banks retain 42%. The remaining 7% is held by employers’ associations and trade unions and some 100 Dutch companies and individual investors. The shareholders that were present represented 74% of the total number of shares.
At the AGM the Annual Report 2007 was presented and the Annual Accounts, as included in the Annual Report 2007, were adopted. This report’s theme is ‘Additionality’, meaning that FMO always strives to take higher risks than commercial banks are willing to take and therefore aims to be additional to the commercial market.
The Annual Report 2007 is available here.
The Netherlands Development Finance Company (FMO) is the international development bank of the Netherlands. FMO invests risk capital in companies and financial institutions in developing countries. FMO's investment portfolio is EUR 3.4 billion, making it is one of the largest bilateral development banks worldwide. Thanks in part to its relationship with the Dutch government, FMO is able to take risks which commercial financiers are not - or not yet - prepared to take. FMO's mission: to create flourishing enterprises, which can serve as engines of sustainable growth in their countries.
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Press contact:
Nicoline van Slingelandt
n.van.slingelandt@fmo.nl
+31(0)70 314 9790
+31(0)6 225 630 47
