The Nederlandse Financieringsmaatschappij voor Ontwikkelingslanden (Dutch finance company for developing countries) is a bank which supports the private sector in developing countries and emerging markets. The FMO gives loans for what are considered high-risk projects and has investments in some 40 countries totalling €4.2bn. The Dutch state owns 51% of the FMO while the Dutch banks have a 42% stake. The rest is in the hands of the business community, unions and private investors. The FMO booked net profit of €48m in 2008.