Annual and interim reports

1 Corporate information

FMO was incorporated in 1970 as a public limited company with 51% of shares held by the Dutch Government and 49% held by commercial banks, state unions and other members of the private sector.

2 Basis of preparation and changes to accounting policies

These 2022 condensed consolidated interim accounts as at June 30, 2022 have been prepared in accordance with IAS 34 in the International Financial Reporting Standards (IFRS).

Read more ›2 Basis of preparation and changes to accounting policies

3 Risk developments

For a detailed overview of FMO’s risk governance and risk management approach please refer to the section "Risk Management" in FMO’s consolidated annual accounts as of 31 December 2021.

4 Segment information

The Management Board sets performance targets, approves and monitors the budgets prepared by operating segments. operating segments are not identical to the strategic sectors.

5 Financial Instruments

The following table shows the carrying amounts of financial assets and financial liabilities.

6 Short term credits

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.

8 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.

Read more ›8 Commitments and contingent liabilities