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2020 annual results : €2 billion of commitments, major impacts on development and a mobilization in response to the Covid-19 crisis

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This morning, AFD Group presented the figures for its activities in 2020. Despite an exceptional context marked by the Covid-19 pandemic, Proparco, the Group’s private sector financing arm, has topped the mark of €2 billion of commitments for the second year in a row. In 2020, Proparco’s priority was to support its clients to limit the impact of the health, social and economic crisis caused by the Covid-19 pandemic. This situation also prompted Proparco to strengthen its partnership approach, especially with its European counterparts (EDFIs) and the European Union.
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Proparco and FMO support Kılıç Deniz, Turkey’s leading aquaculture player, through EUR 80mln syndicated loan

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Banks and Financial services
Agriculture and Agro-industry
Turkey
kiliç deniz aquaculture proparco fmo
FMO and Proparco announced today the launch of a EUR 80mln syndicated facility to support Kılıç Deniz, Turkey’s leading aquaculture player, which is growing and producing sustainably certified fish. The syndication is led by FMO, the Dutch development bank, which is committing EUR 65mln, with participation from Proparco, France’s development finance institution, committing EUR 15mln. The syndicated facility will be used to support Kılıç Deniz’s ongoing business expansion across Turkey, further promote the company’s sustainable production of sea bass, sea bream, and rainbow trout, while also optimize its balance sheet.
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The AAF fund's exit from Feronia marks the end of AFD Group's indirect participation in the company

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Democratic Republic of Congo
In November 2020, following a restructuring and sale process, Feronia sold all its shares in Plantations et Huileries du Congo (PHC) to the Straight KKM2 (KKM) fund.

Consequently, the AAF fund, whose minority shareholding stood at 13.5% of the capital, is no longer a shareholder of PHC in the Democratic Republic of Congo. AFD Group, an investor in AAF, no longer has any connection with PHC - Feronia.
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