The cooperation with Dutch Development Bank (FMO) is expanding

Arnoldus de Vitte, Vieger Focke and Erica Van Ighen, the representatives of the  Dutch Development Bank (FMO), visited the JSCB “Hamkorbank” from 24^th  to 25^th of July, 2015.

During the visit, the financial condition of the Bank was studied and the prospects of further cooperation between FMO and the JSCB “Hamkorbank” were discussed.

Based on the results of the visit the site visits to the companies financed from the funds of FMO were organized.  

Founded in 1970, FMO is a public-private partnership, with 51% of the shares held by the Dutch State, and 42% held by commercial banks, and the remaining 7% held by trade unions and other private-sector representatives of more than 100 companies.

The main objective of the bank is to support entrepreneurs from developing countries and to introduce international standards and best practices by investing in business entities.