Oesterreichische Entwicklungsbank AG - OeEB. Austrian Business Circle Belgrade – 22.03.2011 Sabine Gaber / Head of Investment Finance Department OeEB. Basics & Mandate. Mandated by the Austrian Government in March 2008 as the Official Development Bank of Austria
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Austrian Business Circle Belgrade – 22.03.2011
Sabine Gaber / Head of Investment Finance Department OeEB
- creation of additional employment, local income and/or
- project contributes to climate protection, energy efficiency or renewable
- project contributes to strengthen the local infrastructure
- transfer of skills or technology, etc.
Instruments: Senior loans, subordinated loans, risk participations, equity participations in funds, companies and banks
Amount: Currently up to approximately EUR 25 mn. per transaction
Tenor: Up to 15 years incl. grace periods
Currencies: EUR, USD
Collateral: Adequate to the project in question in terms of risk; equity ratio of around 30 %; the project sponsor must have a solid track record in the sector in question.
Conditions: Interest and fees close to market rates.
Project–related auxiliary support facilities on a non-refundable basis like
OeEB’s Total Assets 2009: EUR 110 mn. with 15 signed transactions and total committed volume of EUR 145 mn. in 2009
Planned portfolio breakdown by committed project volume by 2015:
60 % Financial Sector: Credit lines to financial institutions as intermediaries (e.g. micro-finance institutions, banks, etc.) to realize projects in the real sector, e.g. for MSMEs financing, energy efficiency or infrastructure projects.
40 % Real Sector: Credit lines to corporates or project companies to realize projects, thereof:
Projects in Serbia are of strategic interest for OeEB.
OeEB so far has