On December 31, 2022, the active loans granted by OMRO reached 1,362, 25% more year-over-year, while the gross value of its loan portfolio stood at RON50.2 million, 23.3% above the level recorded in 2021 financial year, as per data from the company’s financial report.
The volume of loans granted in 2022 rose by 9% from 2021, up to 820 new loans worth RON38.7 million. Most loans were generated through digital platform Filbo, accounting for 67% of the total number of loans granted.
The company’s microfinancing activity is funded through loans and guarantee instruments provided via the European Investment Fund (EIF) and partnerships with banks and international financial institutions such as the European Bank for Reconstruction and Development (EBRD) and BNP Paribas, as well as via bond issues. The partnership with EIF was extended by obtaining a new guarantee ceiling for a portfolio of RON104 million, as part of the InvestEU program.
The contribution of the agricultural sector remains the highest (29% of the total portfolio), the construction and others services sectors contributed 11% and 22%, respectively, while the sector of commerce dropped to 17% of the total portfolio and the manufacturing sector stayed at a similar level, namely 9%.
OMRO bonds are listed on the Multilateral trading System of the Bucharest Stock Exchange under the ticker symbols OMRO25E and OMRO26. The first bond issue worth EUR2 million started trading at the Bucharest Stock Exchange in 2020 and the second issue worth RON10 million was listed in May 2022.
In early 2023, OMRO increased its share capital by RON3.3 million and the operation was carried out through a capital injection from the minority shareholder, Helenos, a Pan-European private equity fund launched with the support of the EIF and of other commercial banks with a systemic role in the European Union.