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 2.32% (2016: 2.34%). In ‘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.

 

2017 Gross exposure

2016 Gross exposure

Loans

487,893

508,442

Equity investments

432,713

476,908

Total

920,606

985,350

Loans managed for the risk of the State

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

 

2017 Gross exposure

2016 Gross exposure

MASSIF

180,893

177,018

Infrastructure Development Fund

263,168

283,468

Access to Energy Fund

32,852

31,105

FOM OS

10,980

16,851

Total

487,893

508,442

Equity investments managed for the risk of the State

The equity investments have been made by the following funds.

 

2017

2016

 

Gross exposure

Gross exposure

MASSIF

279,840

303,709

Infrastructure Development Fund

107,110

133,389

Access to Energy Fund

45,763

36,857

European Investment Bank

-

2,953

Total

432,713

476,908