Netherlands Development Finance Company
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|Founded||8 July 1970|
|Headquarters||The Hague, Netherlands|
|Products||Equity financing, loans, trade finance, credit guarantees|
|Revenue||Aftertax:€:133 million (US$:150 million) (2013)|
|Total assets||€:6.184 billion (US$:6.974 billion) (2013)|
Number of employees
The Netherlands Development Finance Company (FMO), or Dutch development bank called Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. in Dutch, is a bilateral private-sector international financial institution founded 1970, based in the Hague, the Netherlands. It is licensed as a bank and supervised by the Dutch Central Bank. In 2013 its assets were close to US$7 billion.
This section needs to be updated.(November 2017)
FMO was founded in 1970 by the Dutch Government, by commercial banks, the national employers' association, labor unions, and private investors to invest in private sector projects in developing countries and emerging markets.
In March 2008, FMO achieved bank status; the bank has been under the supervision of the Dutch Central Bank (DNB).
FMO is one of the largest bilateral private sector development banks worldwide. FMO´s mandate is to provide long term capital for projects in countries in which commercial investors do not yet dare to invest. FMO invests risk capital in companies and financial institutions in developing countries. FMO has a strict policy on maximizing development impact with a methodology designed to make sure that FMO's return on investment is not just financial but also has positive environmental and social effects.
The Dutch government holds 51% of the shares, but FMO operates as a commercial company. Thanks to its relationship with the Dutch government, FMO is able to take risks which commercial financiers are not able or not prepared to take. FMO has[when?]a AAA rating from Standard and Poor's.
FMO manages funds for the Dutch government (Ministries of Foreign Affairs and Economic Affairs) to maximize the development impact of private sector investments. For instance, the Capacity Development Program provides funding with the aim to create access to management and technical know-how. FMO has partnered with a number of firms to invest in private equity funds in developing countries, including Ghana (Fidelity Capital Partners Limited), China (Aureos Capital), Kazakhstan/Romania/Turkey (ADM Capital), Mexico/Costa Rica/Belize (Aureos Capital), South Africa (Lereko Metier), Belize/Costa Rica/Nicaragua (EMP Latin America), China/India/Vietnam (SBI Ven Capital), Central America (REAL Infrastructure Capital Partners), Haiti (Leopard Capital), and sub-Saharan Africa (Fairview Capital Partners).
FMO collaborates with other international finance institutions. Currently,[when?] FMO has a risk-sharing agreement with the Asian Development Bank to promote trade finance in Asia. FMO collaborates with individual financial institutions in emerging markets and developing countries, including Clean Energy Development Bank in Nepal, LOLC Micro Credit Limited in Sri Lanka and the TBC Bank in the Republic of Georgia on the Green Lisi Town project.
As of December 2011[update], the bank´s total asset valuation was €5.06 billion (US$6.34 billion), and its shareholders' equity was €1.665 billion (US$2.09 billion).In 2013, it had risen to 6.184 billion (US$:6.974 billion).
This section needs expansion. You can help by adding to it. (November 2017)
|Rank||Name of Owner||Percentage Ownership|
|2||Large Dutch Banks||42.00|
|3||Dutch Employers' Association|
|4||Dutch Trade Unions|
|5||Individual Dutch Investors|
- List of banks in the Netherlands
- Belgian Investment Company for Developing Countries
- German Investment Corporation
- Danish International Development Agency
- French Development Agency
- "December 2013 Key Financial Figures". Annualreport.fmo.nl. Retrieved 9 November 2017.
- "Corporate Factsheet" (PDF). Fmo.nl. Retrieved 9 November 2017.
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- "Jacana Partners with Ghana's Leading Private Equity Fund". Fmo.nl. Retrieved 9 November 2017.
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- "PIC, FMO, and DEG invest in Lereko Metier Sustainable Capital Fund". Fmo.nl. Retrieved 9 November 2017.
- "FMO Commits US 16 Million to the Central American Mezzanine Infrastructure Fund". Fmo.nl. Retrieved 9 November 2017.
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