OeEB (The Development Bank of Austria)

Financing and supporting projects in developing countries

Overview

OeEB was founded in March 2008 as the official development bank of the Republic of Austria. With a public mandate we work for better living conditions in developing countries. We are a wholly owned subsidiary of Oesterreichische Kontrollbank (OeKB). As a private stock company with a public mandate we provide financing at near market conditions but we can take on more economic risk than commercial banks. We acquire a financial interest in companies in developing countries and emerging markets and strengthen the developmental effects with collateral measures our Advisory Programmes. We are present in markets in developing countries and emerging markets in which companies often have no access to urgently needed capital both credit and equity. Investments in these projects create jobs these projects increase tax revenues and bring foreign currency into the country.