German Investment Corporation
Management
Bruno If (Speaker) Michael Bornmann Philipp Kreutz
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DEG - German Investment and Development Company finances investments of private companies in developing countries and emerging economies. It was founded in September 1962 after Kai- Uwe von Hassel's ideas as state-owned company. Since June 2001 she has been a wholly owned subsidiary of KfW. Seat DEG since its founding in Cologne.
DEG employed in 2012 with over 473 employees in Germany and partly abroad. Your financing amounted to EUR 1.33 billion in 2012, with total assets of EUR and a net profit of 129 million euros 4.6 billion. The largest part of the portfolio (98.6 %) consisted in 2012 of financing at its own risk, the remaining 1.4 % was attributable to financing on behalf of the Federal Republic of Germany (trust store). Since its inception, the DEG has financed nearly 1,300 companies in over 120 countries and nearly EUR 7 billion pledged.
Tasks and products
The task of DEG is through long- term project and to promote private enterprise structures in developing and emerging markets corporate finance, thereby creating the basis for sustainable economic growth and a lasting improvement of living conditions. She specializes in project and corporate finance in Africa, Asia, Latin America and in Central, Eastern and Southeastern Europe. Financing is passed out on commercial terms. Include the financial products
- Long-term loans,
- Mezzanine financing,
- Guarantees,
- Equity capital ( equity).
In addition, the DEG also offers consulting services. This is a DEG for investing company as well as for institutions that have the promotion of private sector cooperation in the partner countries to the goal.
In addition, support DEG under the name develoPPP.de, under a special by the Federal Ministry for Economic Cooperation and Development ( BMZ) program, launched for development partnerships with the private sector, pre-investment and accompanying measures for German and European companies as well as companies in developing and emerging countries where EU-registered companies or European nationals hold at least 25 percent of the company shares. The PPP funds are provided mainly for environmental protection projects in the education and training in workplace safety and for outstanding pilot projects.
As part of the development cooperation of the Federal Republic of Germany DEG also supports the achievement of international development goals ( MDGs ), in particular including the reduction of poverty through the promotion of employment and income in underdeveloped and rural areas.
Cooperations
DEG coordinates its activity closely with other European development finance organizations that have particular under the organizational umbrella of EDFIs (European Development Finance Institutions ) together. Furthermore, one of the close cooperation partners DEG the World Bank's International Finance Corporation (IFC ), the East European Development Bank European Bank for Reconstruction and Development ( EBRD), and a variety of local and regional development agencies. The aim of this cooperation is to achieve the greatest possible width developmental impact and sustainability by pooling financial capacity and expertise.