Austrian Development Bank

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The Oesterreichische Entwicklungsbank AG ( OeEB ) was founded in 2008 as the development bank of the Republic of Austria and acts on behalf of the Federal Government . It finances private investment projects in developing countries and emerging economies , are economically viable and developmentally make sense, and thus contributes to sustainable development and better living conditions. It is committed to the goals of Austrian Development Cooperation (ADC) .

  Oesterreichische Entwicklungsbank AG
logo
Country AustriaAustria Austria
Seat Strauchgasse 3
1010 Vienna
legal form Corporation
founding March 2008
Website https://www.oe-eb.at/
Business dataTemplate: Infobox credit institute / maintenance / data out of dateTemplate: Infobox credit institute / maintenance / year missing
Total assets 835.7 million euros
Employee 60
management
Board Michael Wancata
Sabine Gaber

Template: Infobox_Kreditinstitut / Maintenance / ID is missing

OeEB is a 100% subsidiary of Oesterreichische Kontrollbank AG (OeKB). Its legal basis is formed by the Export Promotion Act and the Development Cooperation Act .

Services

OeEB's mandate is to contribute to sustainable economic development by financing private investment projects in developing and emerging countries in order to improve living conditions there on a permanent basis. The OeEB has three tools at its disposal for this purpose:

Investment finance

OeEB offers long-term loans to financial intermediaries, companies and project companies / SPVs (“Special Purpose Vehicles”) for project financing or Public Private Partnerships (PPPs). This investment financing is secured against political and economic risks with federal guarantees from the Federal Ministry of Finance . In contrast to commercial banks, OeEB only provides financing for projects in developing and emerging countries according to the Development Assistance Committee (DAC) list of the OECD and therefore only outside the EU. Loans are granted at conditions close to the market (without interest subsidies), which are based on the country and project risk.

OeEB provides tailor-made financing solutions for projects in the fields of renewable energy and private infrastructure in the transport, information and communication sectors as well as in the supply and disposal sector.

OeEB finances small companies in developing countries through local financial intermediaries, which even receive no or only short-term refinancing from commercial players. OeEB grants long-term loans to local banks and other (micro) financial intermediaries with a bound credit purpose (e.g. energy efficiency projects, support for micro, small and medium-sized businesses or credit lines with a gender focus).

Holdings

Since 2012, the OeEB has had the participation instrument at its disposal. On behalf of the Federal Ministry of Finance , OeEB participates in private equity funds or directly in companies, whereby it generally acts as a minority owner and excludes start-ups. As an anchor investor, OeEB provides urgently needed risk capital to enable growth processes in its target countries.

Main topics of the OeEB

Business Advisory Services

OeEB's contribution to the Sustainable Development Goals (SDGs)

The OeEB has earmarked special funds for measures to strengthen the developmental impact of its projects. These are primarily intended to prepare and support OeEB's equity investments and investment financing. B. through expert assignments on site or customer training. OeEB uses Technical Assistance (TA) funds amounting to at least 10% of the annual surplus .

Main topics and strategy

Following its mandate , all OeEB projects aim to promote the development of the private sector in developing countries in order to make a contribution to the implementation of the SDGs . In the strategy period 2019 to 2023, OeEB is primarily positioning itself as a thematically focused development bank with a broad geographic approach.

For the 2019-2023 strategy period, OeEB has defined the following three main topics:

  1. Renewable energy
  2. Micro, Small and Medium-Sized Enterprises (MKMU) / Financial Inclusion
  3. Infrastructure

As part of its strategy, OeEB intends to implement an average of at least 80 percent of its new business within these three key areas.

In all of the measures that OeEB supports in the years 2019 to 2023, two cross-cutting issues are also given special consideration:

  1. Climate protection
  2. Gender equality

Contribution to the Sustainable Development Goals (SDGs)

As part of the development cooperation of the Republic of Austria, OeEB supports the Agenda 2030 and contributes to the goals of sustainable development - the (Sustainable Development Goals SDGs) United Nations at.

OeEB's contribution to the implementation of the SDGs can be mapped on two levels:

a) As an institution : The OeEB mandate already includes the goal of poverty reduction through private sector development and defines the role as a complementary financier to traditional ODA . The OeEB therefore makes a fundamental contribution in its projects to achieve:

  • SDG 1 “No Poverty” and
  • SDG 17 “Partnerships to achieve the goals”.

b) Concrete contributions from the projects : In addition to economic viability, OeEB projects always have clear development policy goals that are based on the SDGs. The achievement of these project goals is checked annually and reported as the “main contribution” to the respective SDG. Due to the activity in the private sector and the thematic priorities described above, these are predominantly (but not exclusively):

  • SDG 7 "Affordable and Clean Energy"
  • SDG 8 "Decent Work and Economic Growth"
  • SDG 9 "Industry, Innovation and Infrastructure" and
  • SDG 13 "Climate Protection Measures"

In addition, OeEB's projects often achieve effects outside of its main business area that represent added value in terms of development policy in the sense of the SDGs and are measured and reported as “another significant contribution” (e.g. promotion of women in the workforce or compliance with particularly high levels Environmental and social standards).

OeEB as a member of the European Development Finance Institutions (EDFI)

OeEB has been a member of the Association of European Development Finance Institutions (EDFI) since it was founded in 2008. The association is made up of 15 European bilateral development finance institutions that are mandated by their respective governments to contribute to the achievement of global development goals by financing private sector projects in developing and emerging countries by creating jobs, boosting growth and poverty and climate change fight. At the end of 2018, the total portfolio of the 15 EDFI members amounted to EUR 41.2 billion in 5,665 investments.

Web links

Individual evidence

  1. ↑ Export Promotion Act in the RIS
  2. ↑ Development Cooperation Act in the RIS
  3. ↑ OeEB: Strategic Priorities. Retrieved July 23, 2019 .
  4. ↑ OeEB: Sustainability. Retrieved July 23, 2019 .
  5. ↑ Facts & Figures ( English ) European Development Finance Institutions, ASBL. Retrieved September 29, 2019.

Coordinates: 48 ° 12 '39.2 "  N , 16 ° 21' 58.2"  E