6 Commitments and contingent liabilities

To meet the financial needs of borrowers, FMO enters into various irrevocable commitments (loan commitments, equity commitments and guarantee commitments) and contingent liabilities.

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7 Debentures and notes

Debentures and notes includes issued debt instruments in various currencies under FMO's Debt Issuance Programs. In addition, a subordinated note of €250 million is also included in the Debenture and Notes.

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8 Short term credits 

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9 Interest Income

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10 Interest Expense

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11 Net fee and commission income

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12 Dividend income

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13 Results from equity investments

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14 Results from financial transactions

The movement for results from financial transactions can be mainly explained by changes in valuations for derivatives. This movement is primarily driven by changes in cross currency basis spreads and yield curves of various underlying currencies (e.

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15 Dividends

In 2020, the General Meeting of Shareholders approved the non-binding proposal by the Management Board and Supervisory Board to not pay out the distributable part of the profit of €2.7 million related to financial results of 2019.

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