In 2013, OeEB provided EUR 205 million of long-term financing in the form of debt or equity to companies and banks in developing countries. More than 13,000 people were employed in the projects financed by OeEB.
"When you ask people in poor countries what they need to improve their living conditions, their first answer is: a job!" explain Andrea Hagmann and Michael Wancata, Members of the Executive Board of OeEB. Maintaining the economic upturn in developing and emerging countries and thereby creating jobs is one of the key goals of development finance.
In 2013, OeEB signed new credit agreements with customers for a total value of EUR 175.3 million. Equity participations in the name of the Republic of Austria amounted to EUR 29.7 million. A further EUR 11.2 million was provided by the department "Advisory Programmes" to finance accompanying measures which strengthen the development impact of these projects. Finally, OeEB contributed to three projects as part of a foreign trade programme run by the Austrian Federal Ministry of Finance. The volume of these three projects had a volume of EUR 6.3 million.
In 2013, OeEB maintained a path of growth and profitability. At year-end 2013 OeEB's balance sheet total reached EUR 437.7 million, up on EUR 347.2 million at year-end 2012. Net profit for the year more than doubled from EUR 0.9 million in 2012 to EUR 2 million in 2013, while the operating result increased to EUR 2.7 million in 2013 over EUR 2.1 million in 2012.