MASSIF FUND

At a glance

Set up in 2006 and managed on behalf of the Dutch Ministry of Foreign Affairs, MASSIF is FMO’s financial inclusion fund.

Letter from the MB of the Fund Manager

Dear reader,

Read more ›Letter from the MB of the Fund Manager

Highlights

In 2022, the direct effects of the COVID-19 pandemic started to diminish and the return to normal life beckoned. In stead, global macro-economic effects started to emerge with steep inflation rates following the start of the war in the Ukraine.

Production

Sales and exits

In 2022, we completed one exit in Hamkor Bank which due to their organisational performance was fully transferred to FMO-A. Hamkor was the largest exposure in MASSIF with over 30 EUR million.

Production capacity development

Read more ›Production capacity development

International principles

Our impact goes beyond our investments. To embrace our mission fully, we are committed to doing business in a responsible and sustainable way, guided by global standards and guidelines.

List of abbreviations

Statement of financial position

At December 31

Read more ›Statement of financial position

Statement of changes in fund capital

At December 31

Read more ›Statement of changes in fund capital