Skip to website navigation Skip to article navigation Skip to content
FMO Financierings-Maatschappij voor Ontwikkelingslanden Back to Home

2019 Annual and interim reports

  • back to reporting center
  • annual report
  • interim report 2019
  • downloads
  • Search
Home Annual Report 2018 Consolidated annual accounts
  • At a glance
    • FMO is the Dutch development bank
    • 2018 Performance
    • 2018 Total committed portfolio
    • Key figures
  • Report of the Management Board
    • Letter from the Management Board
    • External environment
      • External environment
      • Dilemma |Economic growth vs climate change
      • Stakeholders and material topics
    • Our business model
      • Investment process
      • Environmental, social and governance management
      • Case |A consultative approach that targets long-term sustainability
      • Case |Helping Georgian banks to push back against a dollarised economy
    • Our strategy
      • Higher impact
      • Deeper relationships
      • Higher productivity
      • Dilemma | Reducing inequalities vs financial sustainability
      • Case | Bringing cocoa home to Ghana with Niche
      • Case | Financing India’s solar energy revolution
    • Our performance
      • Higher impact portfolio
      • Deeper relationships
      • Higher productivity
      • Financial performance
      • Case |Reducing inequality in rural Mongolia with mobile banking
      • Case | Revolutionizing the healthcare system in Africa
    • Outlook 2019
      • Higher impact portfolio
      • Deeper relationships
      • Higher productivity
    • In control statement
  • Report of the Supervisory Board
    • Main points of attention
    • Regulatory developments
    • Prospect for 2019
    • Corporate governance
    • Culture and management
    • Proposals and recommendations to the annual general meeting
    • Members of the Supervisory Board
  • Corporate governance
    • Articles of association
    • Governance structure
    • Risk management framework
    • Aligned remuneration policies
    • Independent complaints mechanism
    • Corporate governance codes
    • FMO Investment Management BV
    • NedLinx BV
  • Combined Independent Auditor’s and Assurance Report
  • Consolidated annual accounts
    • Consolidated balance sheet
    • Consolidated profit and loss account
    • Consolidated statement of comprehensive income
    • Consolidated statement of changes in shareholders’ equity
    • Consolidated statement of cash flows
    • Accounting policies
      • Corporate information
      • Significant accounting policies
    • Notes to the consolidated annual accounts
      • Notes to the consolidated balance sheet: assets
      • Notes to the consolidated balance sheet: liabilities
      • Notes to the consolidated profit and loss account
      • Off-balance sheet information
      • Related party information
      • Subsequent events
      • Notes to the consolidated statement of comprehensive income
      • Notes to the consolidated statement of cash flows
    • Segment information
      • Segment reporting by operating segments
      • Information about geographical areas
      • Disaggregation of revenue
      • Information about major customers
      • Segment reporting of funds managed for the risk of the state
    • Analysis of financial assets and liabilities by measurement basis
      • Fair value of financial assets and liabilites
    • Risk management
      • Introduction
      • Enterprise Risk
      • Financial Risk
      • Non-Financial Risk
  • Company annual accounts
    • Accounting policies
      • Activities
      • Significant accounting policies
    • Company balance sheet
    • Company profit and loss account
    • Notes to the company annual accounts
      • Notes to the company balance sheet
      • Subsequent events
  • Additional information
    • Provision in the Articles of Association concerning the appropriation of profit
    • Guarantee provision in the Agreement State-FMO of November 16, 1998
  • How we report
    • Legal entity
    • Reporting policy
    • Standards and reporting guidelines
    • FMO impact model
    • Other reporting definitions
    • External assurance
  • Indexes
    • GRI index
    • GRI material aspects
    • Glossary
    • List of abbreviations

Introduction

This chapter provides an overview of FMO's risk governance and risk management approach. The sections describe the key risk domains that FMO faces in accordance with applicable disclosure requirements and developments throughout 2018.

Read more ›Introduction

Enterprise Risk

Capital is central to a bank’s ability to absorb unexpected losses and to be able to continue its operations. Therefore, FMO aims to maintain a strong capital position that meets regulatory requirements and supports its high investment grade rating.

Read more ›Enterprise Risk

Financial Risk

Investment risk is defined as the risk that actual investment returns will be lower than expected returns, and encompasses credit, equity, concentration and counterparty credit risks.

Read more ›Financial Risk

Non-Financial Risk

Environmental, Social and Governance (ESG) risk is the potential adverse impact of the investments FMO makes to people and the environment.

Read more ›Non-Financial Risk

Quick links

  • Download Annual Report 2018

  • Privacy Statement

  • Disclaimer

  • Colophon

FMO

The Netherlands
info@fmo.nl
+31 70 314 96 96
Anna van Saksenlaan 71
2593 HW, The Hague

 

South Africa
joburg-office@fmo.nl
+27 11 507 2500
3 on Glenhove
Corner Glenhove & Tottenham
Avenue, Melrose Estate 2196
Johannesburg South Africa