For the last five years OeEB has been contributing to the economic development in emerging markets thereby opening doors also for Austrian companies. On the occasion of its fifth anniversary OeEB invited high-level guests from politics and the business community to celebrate.
Rudolf Scholten, Chairman of the Supervisory Board of OeEB and Board Member of OeKB, together with Andrea Hagmann and Michael Wancata, members of OeEB’s Executive Board, welcomed among others Reinhard Lopatka, State Secretary for Foreign Affairs, Walter Koren, Head of ADVANTAGE AUSTRIA of the Austrian Economic Chambers (WKO) and Eva Terberger, professor at the University of Mannheim, Germany, for development finance.
Five years of growth and development
In its fifth business year OeEB signed lending contracts totaling EUR 226 million thereby mobilising investments in developing countries and emerging markets of up to EUR 1.4 billion in aggregate. Besides OeEB's lending transactions, each of which needs to have developmental effects, there was a high demand for equity investments by OeEB in 2012.
As of 31 December 2012, OeEB's total lending operations amounted to EUR 497 million in aggregate, compared to EUR 292 million in the previous year. "We have grown continuously and sustainably - standards which we have also set for the future: Our goal is to double our portfolio during the coming five years", emphasise Hagmann and Wancata.