Annual and interim reports

Higher productivity

During the COVID-19 pandemic, FMO has demonstrated it is resilient and can carry out its mission while operating in a robust, effective and efficient way.

Financial performance

At the end of 2020, FMO noted a net loss of €205 million. Our first loss since 1991 is largely driven by a decrease of the fair value of FMO’s private equity portfolio (including investments in associates).

2021 Outlook

In 2021, our focus will be on supporting our customers' recovery from the COVID-19 pandemic and ensuring we comply with (new) rules and regulations.

Economic outlook

In 2020, central banks’ quantitative easing measures and governments’ fiscal stimulus packages addressed financial market dislocations and dampened the economic fallout of COVID-19.

Higher impact portfolio

COVID-19 has slowed progress towards the Sustainable Development Goals. The deceleration in economic activity has caused per capita income to decrease in more than 90 percent of emerging markets and developing economies.

Deeper relationships

The SDG financing gap grew by 70% in the past year.1 More than ever this calls for a deepening of our relationships with investors, peers, impact investors and other stakeholders to address global challenges and mobilize private capital.

Higher productivity

The financial industry is facing increasing regulatory requirements and supervisory scrutiny. We will step up efforts to ensure full compliance with the Wwft and Sanctions Law by the end of 2021.

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.

Report of the Supervisory Board

Marked by change and transition, the year 2020 will stand out in history for quite some time. The COVID-19 pandemic has presented the world a new reality that also greatly influenced FMO and the work and circumstances of its customers.

Read more ›Report of the Supervisory Board

Corporate governance

The Supervisory Board ensures that FMO adheres to all applicable corporate governance codes, further described in the chapter on corporate governance.