Annual and interim reports

Higher productivity

In 2019, we continued to build a robust, effective and efficient organization. We did this by further embedding ESG into our operations, improving our Know Your Customer (KYC) procedures and through data and systems that support our decision-making.

Financial performance

The financial performance of FMO in 2019 showed mixed results. Our regular income was driven by continued stable growth of the loan portfolio whilst maintaining our margins.

2020 Outlook

In 2020 we will continue to steer our effort towards creating more impact on SDGs 8, 10 and 13.

Economic outlook

Early January 2020, economic forecasts predicted that economic growth will pick up in 2020 and 2021 with global growth of around 4-5%1 in developing and emerging markets. The world around us, however, remains uncertain.

Higher impact portfolio

In 2020, we introduced portfolio targets in addition to our usual targets on new investments. By closely monitoring the development of our portfolio, we will steer investment decisions towards creating a higher impact portfolio.

Deeper relationships

To increase our impact, we continue to collaborate and create partnerships with our stakeholders, including public and private parties.

Higher productivity

In 2020, we continue to increase our productivity by implementing a multi-year portfolio of projects across three areas: (1) implementation of our Strategy 2025, (2) regulatory and operational requirements and (3) foundation for the future.

In control statement

FMO has internal risk management and control systems that enable us to take risks and control them and that are based on international best practices.

Our commitments

Our impact goes beyond our investments. To embrace our mission fully, we are committed to doing business in a responsible and sustainable way, guided by global standards and guidelines.

Transparency and accountability

In 2019, FMO committed to two initiatives that foster transparency and accountability of our investment practices related to climate and impact.

Read more ›Transparency and accountability