OeEB can look back on another successful business year. The financing of projects in developing and emerging countries is also a motor for domestic companies.
"Global economic growth is now being driven by markets in developing and emerging countries," the executive board members of OeEB, Andrea Hagmann and Michael Wancata, are convinced. "When we finance investment projects in these countries, the Austrian economy also benefits. Domestic enterprises are also driven by emerging markets."
A year of success
In 2011, OeEB realised investment finance projects with a total volume of EUR 78.8 million. A further EUR 4.2 million was provided by "Advisory Programmes" to finance accompanying measures which strengthen the development impact of these projects. Finally, OeEB contributed to two projects as part of a foreign trade programme run by the Austrian Federal Ministry for Finance. The volume of these two projects had a volume of EUR 3.4 million.
In 2011, the balance sheet total increased to EUR 226.2 million (2010: EUR 147.2 million). The annual net profit amounted to just under EUR 849,000 (2010: EUR 782,000), while the operating result came to EUR 1.99 million (2010: EUR 1.58 million).