FMO posts first net loss in 3 decades as PE portfolio valuation dives

FMO posts first net loss in 3 decades as PE portfolio valuation dives

REUTERS/Jason Lee

Dutch development bank FMO posted a net loss of €205 million ($242 million) in 2020, its first loss since 1991, largely driven by a decrease of the fair value of its private equity portfolio, its annual report showed.