In June 2008, OeEB invested EUR 30 million in the European Fund for Southeast Europe (EFSE). OeEB increased its shares by EUR 10 million in December 2009, by EUR 15 million in May 2012 and by another EUR 20 million in June 2018.
|Project name||European Fund for Southeast Europe (EFSE)|
|Sector||Financial sector / Microfinance / SME|
|OeEB project volume||EUR 75 million|
|Projekt partner(s)||European Fund for Southeast Europe (EFSE)|
EFSE is a micro-finance fund which provides loans to micro-, small and medium enterprises (MSMEs) in Southeast Europe and the South Caucasus region via local finance institutes.
With its investment, OeEB makes an important contribution to covering the capital requirements of the fund and therefore also to the promotion and stabilization of the economic development of the target region.
Since ist foundation in 2005, the fund has provided over 900,000 loans and created or secured more than 700,000 jobs.