EUROFIMA has closed the financial year 2022 with a strong balance sheet and a positive financial performance.

EUROFIMA’s balance sheet total decreased slightly by EUR 0.2 billion (-1.5%) to EUR 15.7 billion. The decrease of the balance sheet total was a result of maturities in the lending portfolio.

EUROFIMA’s net profit for the financial year amounted to EUR 16.8 million, EUR 5.2 million below the level of 2021 (EUR 22.0 million). Net commission income from lending activities was flat, whilst net interest income from treasury activities was lower. Operating expenses were at EUR 8.6 million, slightly higher than the prior year (EUR 8.3 million).

No impairments were recognized during the year. As of December 31, 2022, all assets were fully performing. This represents the 66th consecutive year in which EUROFIMA has not experienced any losses due to railways not meeting their obligations.

EUROFIMA successfully met all the borrowing demand of its members and proved to be a reliable financing partner for its members. The company concluded six new contracts, refinanced two existing leasing contracts and executed on the final tranches of a contract signed in 2020, providing funds for the financing of railway equipment to five shareholders.

With most of the funds being dedicated to electric multiple-unit trains and passenger cars, 2022 marked another example of EUROFIMA’s commitment to fulfilling its public mission for sustainable mobility.

EUROFIMA managed to raise most of these funds under the Green Bond Framework, which was updated in April 2021 and was recognized by Sustainalytics as fully aligned with the EU Taxonomy. In 2022, EUROFIMA established one new green EUR line maturing in November 2031 (EUR 500 million).

Sustainability remained a key focus of EUROFIMA throughout 2022 and the organization remained committed to improving EUROFIMA’s environmental, social and governance footprint, which continued to be recognized by leading ESG rating agencies.

The financial results 2022 have been approved by the 66th Annual General Assembly on 13th March 2023.

EUROFIMA in brief:

Established in 1956 by a State Treaty signed by 25 European member States so far

Public mission to support rail transport by financing investments in railway rolling stock

The credit rating assessment of EUROFIMA by Standard & Poor’s is ‘AA/A-1+/negative’, by Moody’s ‘Aa2/P-1/stable’ and by Fitch ‘AA/F1+/stable’.

You can find the link to the Annual Report [Link ]

For more information, please do not hesitate to contact Harry Müller, Chief Executive Officer, harry.mueller@eurofima.org.