The Dutch Development Bank lost €137M in Ukraine due to war.

Of this amount, €82M is a loan loss, and €50M results from capital investments. The bank’s annual report notes that the Dutch Development Bank (FMO) has been actively working in Ukraine for decades.

At the end of 2022, its investment portfolio included 13 clients operating in the agribusiness, food, water production, and energy sectors, and the value of its portfolio was estimated at €117M.

At the same time, the bank noted that in 2022 it demonstrated support for the Ukrainian economy, investing $20M in a new fund, Horizon Capital Growth Fund IV. The Fund invests in fast-growing technology and export-oriented companies in Ukraine and the surrounding region and has a target size of $250M.

In general, FMO emphasizes that although the war has affected all Ukrainian bank clients, they have demonstrated resilience by adjusting their operations. As a result, the share of Ukrainian assets in their portfolio of problematic bank loans increased from 0% to 14% last year.