European Fund for Southeast Europe Microfinance and its Growth in Europe EFSEs experience in SEE European Microfinance Network 2009 Conference.

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  • European Fund for Southeast Europe

    Microfinance and its Growth in Europe

    EFSEs experience in SEE European Microfinance Network 2009 Conference

  • EFSE - A development finance initiative supported by:

  • Strengthening local financialmarketsProviding housing financeThe Fund aims to foster economic development and prosperity in the Southeast Europe region through the sustainable provision of additional development finance, notably to micro and small enterprises ("MSEs") and to private households, via qualified financial institutions.Mission Statement

  • Public-Private Partnership: Public funds are used as a risk-cushion to leverage private capital for development finance

    Efficient use of public funds: Scarce public funds are used in a revolving manner

    Contribution to regional integration and cooperation

    Incorporation of local stakeholders through the Advisory Group (representatives of local central banks)

    Implicit coordination platform for private and public investors

    Transparent decision-making processes and professional management

    Responsible Banking: EFSE invests responsibly and promotes social values and high standards of business ethics (e.g. environmental standards, client services)Largest PPP for Development Finance

  • What we offerFinancial Instruments

    Medium to long term loans

    Subordinated loans

    Term deposits

    Subscriptions to bond issues

    Co-investments (syndicated loans)

    Guarantees

    Equity and quasi-equity participationsComplementary Non-Financial Services

    Technical Assistance

    Training

    Research projects and studies

    EFSE Annual Development Impact Study

  • PerformancePortfolio Development (December 2008) EUR million

    Diagramm4

    65.5

    66.4

    98

    179.7

    214.4

    245.5

    272.1

    310

    345

    378.3

    414.1

    455.4

    510

    529

    Tabelle1

    launchDec05Mar06Jun-06Sep-06Dec06

    Old portfolio

    transfer fr kfw65.5456.52

    disbursement3.754.65

    repayments5.750.855.20.835.35

    status65.5459.7962.69114.01113.18112.48

    New portfolio

    disbursement6.6528.6534.839.433.5

    repayments004.433.881.72

    status06.6535.365.67101.19132.97

    launchDec 05Mar 06Jun-06Sep-06Dec 06Mar 07Jun-07Sep-07Dec 07Mar 08Jun-08Sep-08Dec 08

    transferred from KfW65.559.862.7114.0113.2112.50.0

    Total portfolio666698180214246272310345378414455510529

    total portfolio65.566.498.0179.7214.4214.4245.5

    Tabelle1

    transferred from KfW

    Total portfolio

    Tabelle2

    Tabelle3

  • Investment portfolio by market (as of Dec 2008)EUR million13.0163.279.574.065.742.841.131.28.310.0AlbaniaBulgariaSupra-RegionalMacedoniaKosovoMoldovaMontenegroRomaniaSerbiaBosnia & HerzegovinaTotal Investment Portfolio: EUR 528.8 millionPerformance

  • PerformanceInvestment Portfolio by Type of PLI (Dec 2008)based on amount outstandingMicrofinance Institutions43%Commercial Banks54%Non-Bank Financial Institutions2%

    Diagramm14

    0.021

    0.01

    0.272

    0.269

    0.216

    0.216

    9 Microfinance Banks 22%

    18 Small and Medium Banks 27%

    Tabelle1

    2 Leasing Companies2%11.3

    1 TCX1%3.5

    8 Large Banks27%144.5

    16 Small and Medium Banks27%137.6

    19 Microcredit Organisations22%108.3

    8 Microfinance Banks22%105.4

    100%510.6

    Tabelle1

    0

    0

    0

    0

    Tabelle2

    Tabelle3

  • Amount of sub-loans disbursed since inceptionEUR 767 million Number of sub-loans disbursed since inception148,037Outreach to end-borrowers (as of Dec 2008) Sub-loan portfolioEUR 442 millionAverage sub-loan size outstandingEUR 4,506 Number of active end borrowers98,08792% of MSE loans below EUR 10,000 Average sub-loan size disbursed since inceptionEUR 5,182 Performance

  • Crisis-response: increased technical assistanceCrisis management workshopsEnhanced risk management function, especially credit risk management Improved treasury and financial management functionsRoll-out in Albania and start in UkraineFocus on Rural Finance: Specific impact and country studies and development of strategyParticular support to the consolidation of the microfinance sector Investment portfolio 2011: EUR 760 millionNumber of MSE and housing sub-loans disbursed by 2011: 390,000Contributed to the creation of more than 400,000* jobs by 2011* Estimation according to the EFSE Annual Development Impact StudyOutlook and Perspectives

  • www.efse.luThank you for your Attention!

    *

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