Key figures
Strategic objective | Performance metric | June 30, 2019 | December 31, 2018 | June 30, 2018 | FY 2019 target | |
Higher impact portfolio | Total investment volume (x €m) | 1,016 | 2,637 | 1,029 | 2,905 | |
of which | ||||||
- for FMO's balance sheet | 586 | 1,873 | 724 | 1,750 | ||
- Government funds | 49 | 135 | 27 | 195 | ||
- Mobilized funds | 381 | 629 | 278 | 960 | ||
Green %/ Investment volume (x €m)1 | 33%/ 340 | 36%/ 940 | 34%/ 353 | 32% | ||
Reducing Inequalities %/ Investment volume (x €m)1 | 24%/ 241 | 36%/ 958 | 23%/ 237 | 27% | ||
ESG Target Performance (% risks managed) | 100% | 95% | 97% | 90% | ||
Deeper relationships | Volume mobilized (x €m) | 381 | 629 | 278 | 960 | |
Client Satisfaction (NPS score) | n/a | 69.5 | 68.6 | 70.0 | ||
Employee engagement | n/a | 7.4 | 7.2 | 8.0 | ||
Dutch business - related (x €m) | 17 | 30 | 28 | 100 | ||
Higher productivity | Operating income (x €m) | 138 | 286 | 174 | 370 | |
Financial indicators | Performance metric | June 30, 2019 | December 31, 2018 | June 30, 2018 | ||
Profit & Loss account (x€m) | Operating income | 138 | 286 | 174 | ||
of which | ||||||
- FX results of equity investments2 | 4 | 43 | 28 | |||
- Revaluation of equity investments2 | -7 | -2 | 16 | |||
Operating expenses | -60 | -107 | -52 | |||
Impairments | -14 | -12 | 15 | |||
Net profit | 58 | 151 | 124 | |||
Underlying net profit3 | 54 | 108 | 96 | |||
Balance sheet (x €b) | Net loans | 4.8 | 4.8 | 4.3 | ||
Equity investment portfolio (incl. associates) | 1.9 | 1.8 | 1.8 | |||
Total assets | 9.3 | 8.5 | 8.3 | |||
Shareholders' equity | 3.0 | 3.0 | 3.0 | |||
Debentures & notes | 5.8 | 5.1 | 4.9 | |||
Ratios at end of period (%) | Non Performing Loans (NPL) | 7.3% | 8.1% | 6.3% | ||
Return on average shareholders' equity | 3.8% | 5.2% | 8.6% | |||
Common Equity Tier 1 (CET 1) | 24.0% | 24.6% | 25.8% |
- 1 June 30, 2018 percentages have been adjusted for comparative purposes
- 2 Except for impairment losses, results from FX and revaluation in our equity investments are recorded in our equity up to and including 2017
- 3 Underlying net profit reflects our net profit excluding the FX results of equity investments; around 70% of our portfolio is denominated in USD