Oesterreichische Entwicklungsbank AG - OeEB

Austrian Business Circle Belgrade – 22.03.2011

Sabine Gaber / Head of Investment Finance Department OeEB

Mandated by the Austrian Government in March 2008 as the Official Development Bank of Austria

100 % private - wholly owned subsidiary of Austria’s Export Credit Agency OeKB

Objectives:

Support of sustainable growth of the private sector in developing and emerging countries (except EU countries)

Mobilization of private local companies/institutions as well as Austrian investors to realize projects. An Austrian link is highly welcomed but OeEB is not strictly tied to Austrian content.

OeEB supports economically self-sustaining projects with conditions close to market rates (no interest subsidies, no softloans).

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Basics & Mandate

Projects meet development policy criteria, e.g.

- creation of additional employment, local income and/or

- project contributes to climate protection, energy efficiency or renewable

energy

- project contributes to strengthen the local infrastructure

- transfer of skills or technology, etc. Role OeEB: Co-financier (risk sharing with other bilateral or

multilateral development banks) or lead financier for selected projects. In addition OeEB may act complementary to commercial banks.

OeEB finances in principle new investments, expansion investments and rehabilitations.

OeEB is a creditworthy partner with a long term rating of AA+ (S&Ps).

Basics & Mandate

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Long-term Financing:

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.

OeEB Instruments

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Advisory Programmes:

Project–related auxiliary support facilities on a non-refundable basis like

studies,

project–related training,

measures regarding environmental and social aspects.

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OeEB Instruments

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:

25 % in the infrastructure sector (including energy sector)10 % in the manufacturing/ industry sector 5 % in other sectors.

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OeEB – Brief Overview

Projects in Serbia are of strategic interest for OeEB.

OeEB so far has

contributed to Investment Funds (e.g. European Fund for South East Europe „EFSE“ and Green for Growth) that support energy efficiency projects and renewable energy projects including Serbia as a target country.

commissioned a consultant to conduct a renewable energy sector study to analyze the renewable energy market in Serbia and to identify bankable projects.

Many more projects to come especially in sectors like infrastructure, energy and environment, industry and in the financial sector.

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OeEB 2009 – Brief Overview

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Thank you!