Technically required cookies
These cookies are mandatory for basic functions of the OeEB website.
23.03.2016
"It is especially private investors and businesses who ensure sustainable growth and economic development," emphasise Andrea Hagmann and Michael Wancata, members of OeEB's executive board. Also in 2015, OeEB's loan and equity financing was in demand.
"From a micro business in Sri Lanka which offers a family new income opportunities, to the largest privately operated solar power plant in Honduras which supplies regional companies with electricity – businesses contribute to better living conditions in many different ways," explain Hagmann and Wancata. Especially the implementation of the Sustainable Development Goals (SDGs) by 2030 requires the help of the private sector.
In 2015, OeEB signed new credit agreements for a total value of EUR 208.63 million. Equity participations in the name of the Republic of Austria amounted to EUR 23.30 million. A further EUR 1.64 million was provided by the department "Advisory Programmes" to finance accompanying measures which strengthen the development impact of these projects.
At year-end 2015, OeEB's balance sheet total reached EUR 665.6 million, up on EUR 604.6 million at year-end 2014. Net profit for the year increased from EUR 4.3 million in 2014 to EUR 6.1 million in 2015, while the operating result increased to EUR 7.9 million in 2015 over EUR 5.2 million in 2014.