AFIF 2012 Session I - Part1 - Linda Broekhuizen - FMO
Linda BroekhuizenDirector Financial Institutions – FMO Netherlands
AFRICA FINANCE INVESTMENT FORUMAVAILABLE FINANCIAL PROGRAMS TOCOOPERATIVES & SMES IN AFRICA18 JUNE 2012 – LINDA BROEKHUIZEN Thank You
FMO• Unique Public-Private Partnership - 51% / 49%• Bank rated AAA by Standard and Poor’s• Focus on Financial institutions, Energy & Agribusiness• Complementary and additional to commercial banks• Sustainable, long term private sector development
FMO PORTFOLIO DEC 2011Per product Per sectorPer region Low income countries Total commitments € 5.9 billion as per end of 2011
FMO SME PORTFOLIO• Financial Institutions SME Portfolio EUR 1.1 billion• SMEs are served via 150 FI clients• SMEs: engine for employment generation• Focus on Low Income Countries (Africa)
SME FINANCE: HURDLES & OPPORTUNITIES• Special SME bank models required due to lack of: - securities / collateral - financial reporting - credit history / no credit bureau• SME finance does pay off: - huge growth opportunity - profitable market - worth the investment !
FMO SME CLIENTCan SME bankingbe profitable ? YES !• Bank of Africa• SME Banking, Pan African• 720,000 account holders, 2,600 employees• Total assets 1996 € 4.8 bln• Total assets 2009 € 91.0 bln
CONTACT INFORMATION Thank You ! www.fmo.nlLinda Broekhuizen Anna van Saksenlaan 71Director Financial Institutions P.O. Box 93060Direct +31 70 314 9842 2509 ABMobile +31 6 2256 3180 The HagueE-mail firstname.lastname@example.org The Netherlands FMO’s legal name is ‘Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.’ and is also known as the Netherlands Development Finance Company.