Segment reporting of funds managed for the risk of the state

FMO and funds managed for the risk of the State

Apart from making disbursements from its own resources, FMO provides loans, guarantees and equity investments from special government funds, within the conditions and objectives of these facilities. The funds consist of subsidies provided under the General Administrative Law Act and other official third parties. In case of MASSIF, FMO has an equity stake of 2.17% (2017: 2.26%). In section ‘Related parties’, the relationship between the State and FMO regarding these funds and programs is described in detail.

Loans and equity managed for the risk of the State

These loans and equity investments are managed for the risk of the State.

 

2018 Gross exposure

2017 Gross exposure

Loans

490,081

487,893

Equity investments

399,988

432,713

Total

890,069

920,606

Loans managed for the risk of the State

The loan portfolio comprises the loans issued by the following funds.

 

2018 Gross exposure

2017 Gross exposure

MASSIF

199,879

180,893

Infrastructure Development Fund

246,758

263,168

Access to Energy Fund

35,232

32,852

FOM OS

8,212

10,980

Total

490,081

487,893

Equity investments managed for the risk of the State

The equity investments have been made by the following funds.

 

2018 Gross exposure

2017 Gross exposure

MASSIF

254,423

279,840

Infrastructure Development Fund

94,905

107,110

Access to Energy Fund

50,660

45,763

European Investment Bank

-

-

Total

399,988

432,713