25 Jaar Incofin

Incofin’s results for the year 2016 were presented at the general meeting in April. The meeting was held in De Handelsbeurs in Ghent, and it was attended by approximately 300 shareholders and sympathizers. Juan David Rendón of Cooperativa de los Andes was there to talk about the cultivation of coffee in Colombia.

A few highlights:

Continuing on a stable growth path
The year 2016 is characterized by the continuation of a stable growth path. The portfolio increased by 15% and amounted to 60.1 million Euros at the end of the year. Again, many investors, particularly private investors, found their way to Incofin. The capital of the company increased by 6.9 million Euros. The number of shareholders grew by 300, bringing the current total to 1,791.

Increased customer reach
The 50 financial institutions in which Incofin cvso invests helped approximately 3.4 million clients all over the world in 2016. The year before, 2.9 million customers were reached indirectly through 43 institutions.

Good financial result
Incofin cvso realized a net profit of 1.9 million Euros. That corresponds with a profitability of 5.3% on the average subscribed capital. From this profit about 0.9 million Euros is paid out as dividend to the shareholders (2.5% of the subscribed capital). The balance is reserved and reinvested in the customers of Incofin cvso.