Development bank earning rise 50%

Monday 22 January 2007

Dutch development bank FMO (see Alphabet Soup), booked record earnings of €110m last year – more than 50% up on 2005. Chairman Arthur Arnold said the increase was due to economic growth, the absence of financial crises and the increasing involvement of commercial investors in developing countries which meant the FMO could pull out.

© DutchNews.nl

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