OeEB finished its fifth business year providing financing in a total value of EUR 226.45 million. With this amount OeEB made a financing of projects in developing and emerging countries to the amount of EUR 1.377 million available. Moreover the new instrument private equity was in great demand in 2012.
In 2012, OeEB realised investment finance projects with a total value of EUR 226.45 million. Equities exclusively used for the Republic of Austria, amount to EUR 3.0 million. A further EUR 5.91 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 of Finance. The volume of these two projects had a volume of EUR 4.51 million.
"The demand for private equity in our target countries is very high. We are able to support the buildup of enterprises in poor regions in consequence of equities", the members of the executive board, Andrea Hagmann and Michael Wancata, are convinced. Also economically, OeEB was efficient: In 2012, the balance sheet total increased to EUR 347.2 million (2011: EUR 226.2 million). The annual net profit amounted to just under EUR 902,000 (2011: EUR 849,000), while the operating result came to EUR 2.1 million (2011: EUR 1.99 million).