Participants
ADFIAP is the focal point of all development banks and other financial institutions engaged in the financing of development in the Asia-Pacific region. Its mission is to advance sustainable development through its members. Founded in 1976, ADFIAP has currently 131 member-institutions in 45 countries. The Asian Development Bank is a Special Member of the Association. ADFIAP is also a founding member of the World Federation of Development Financing Institutions composed of regional associations in Africa, Asia-Pacific, Latin America and the Middle East. ADFIAP is an NGO in consultative status with the United Nations’ Economic and Social Council. The permanent Secretariat of ADFIAP is based in Makati City, Metro Manila, Philippines”.
The idea of an association of development bankers had originated in Manila in 1969 at the Fourth Regional Conference of Development Financing Institutions of Asia and the Pacific under the auspices of the Asian Development Bank (ADB). Such an idea further gained substance during the UNIDO Banker’s Meetings which commenced in 1970 in Paris. At the last UNIDO Meeting in Caracas, it was learned that two regional associations, namely the Latin American (ALIDE) and African (AADFI) regional associations, had been formed.
Development Bank of Zambia
The Development Bank of Zambia (DBZ) is a
Development Finance Institution (DFI) established in
the early 1970s by an Act of Parliament, as a joint
venture between the Government of the Republic of
Zambia (GRZ), Public Sector Financial Institutions,
on one hand, local private sector and foreign
bilateral and multilateral institutions, on the other.
At inception GRZ and Public Sector financial Institutions constituted the class ‘A’ shareholders and held 90% of the shares while the balance of 10% was held by the class 'B’ shareholders. The Bank has played a pivotal role in promoting Zambia’s economic development. In its mandate to provide medium and long term development finance, the Bank invested extensively in Agriculture, Agro and Mineral Processing, Forestry, Quarrying, Textile Pulp and Paper, Fisheries and Manufacturing sectors. Between the 1970s and early 1990s, the Bank held its place as the most significant financing institution providing medium and long term finance for fixed assets to medium and large scale enterprises in Zambia. As the major catalyst in the establishment of industries, the Bank has been the cradle of Zambia’s industrial and commercial development. The Bank has recently undergone financial, organisational and operational restructuring under the auspices of the Development Bank of Zambia Amendment Act No. 11 of 2001. The basis of the Development Bank of Zambia Restructuring is the Development Bank of Zambia (Amendment) Act which was passed by Parliament in November 2002 when Honorable Minister of Finance and National Planning signed the appropriate Statutory Instrument (SI)
The Bank’s strategic objectives for achieving its mission and playing an effective developmental role in Zambia are:
- To effectively mobilise short, medium and long term financial resources required for development.
- To provide on profitable and competitive terms short, medium and long term financial resources.
- To promote economic activities which contribute to the creation or expansion of employment.
- To promote economic activities in the export sector to enhance foreign exchange earnings.
- To contribute to the expansion of economic and productive activities involving domestic entrepreneurs in order to develop a sound indigenous private sector.
- To promote environmentally friendly commercial and industrial activities.
- To contribute to the development of Zambia’s capital market.
- To maintain and enhance shareholder value and make payment of dividends.
CORE VALUES
The Bank will uphold the following three (7) core values:
1. Innovations 2. Customer Focus 3. Recognition
4. Effectiveness 5. Diligence 6. Integrity
7. Teamwork
ADB is a universal bank offering a full range of banking products and services in retail, commercial, corporate and investment banking. Its business focus is universal banking with development focus. Set up in 1965 by Act 286, ADB is wholly publicly-owned. The Government owns 52% of the shareholding, with the remaining 48% held by the Financial Investment Trust on behalf of the Bank of Ghana. ADB traces its origins to 1964, when the central bank, Bank of Ghana, set up a Rural Credit Department to prepare the necessary legislation, plans and procedures for the establishment of a specialized bank for the provision and administration of credit and other banking facilities in the agricultural sector. This culminated in the passage of The Agricultural Credit and Co-operative Bank Act, 1965 (Act 286) to incorporate a bank under that name. The name was changed to Agricultural Development Bank in 1967 under the National Liberation Council Decree (NLCD 182). The Decree also amended certain sections of the original Act to allow ADB to undertake the acceptance of deposits on current and savings accounts and transact banking business normally carried out by commercial banking institutions, including raising loans from foreign sources.
In 1970, the Agricultural Development Bank Act, 1970 (Act 352) was passed to broaden the Bank’s functions. ADB was further granted a full banking license in the same year under the Banking Act, 1970 (Act 339). Finally in 2004, ADB gained a Universal banking license under Banking Act 2004 (Act 673) which removed restrictions on banking activity.
ADB launched a new strategic plan in 2010 which has transformed the bank into a modern universal bank with a sustainable development outlook under the conditions of market economy, and repositioned it as a highly efficient agricultural policy led financial institution to transform agriculture, agro–related and connected industries into an attractive, sustainable and competitive sector which promotes socio-economic development.
The Beginnings of Bank Simpanan Nasional
The advent of Savings bank service in Malaysia dated back to the late 19th century. The first banks, namely the Perak and the Selangor Savings Bank were started in 1888 and 1893 respectively and were administered by the respective State Treasuries until they were taken over by the Postal Department. In 1907 the Perak and Selangor Savings Banks were dissolved and brought under the Federated Malay States Post Office Savings Banks which also provided services in the states of Negeri Sembilan and Pahang. It had then 3,320 depositors with just over RM340,000 standing to their credit. Separate Savings Bank services under the Straits Settlement Post Office Savings Bank were in existence in Penang, Malacca and Singapore as early as 1902 while the Unfederated Malay States had their own Post Office Savings Banks in the years prior to the Second World War. Since 1949 savings with the Post Office Savings Bank have grown steadily. In 1949 it had 229,652 depositors with a credit balance of RM47.2 million. At the time of the launching of Bank Simpanan Nasional, Malaysia on 1st December 1974, it had more than 2.5 million depositors. The accumulated assets of the bank were over RM537 million, out of which over RM526 million were in government securities. The amount standing to the credit of depositors was over RM511 million. At the end of 1981, the Bank had more than 4.3 million depositors with accumulated assets of more than RM1.2 billion. With the establishment of Bank Simpanan Nasional, a new chapter is opened in the history of public saving institutions in the country. Bank Simpanan Nasional Act, 1974 provides for the transfer of the powers of management from the Postal Services Department to the Board of Directors which will assume functions and undertake responsibilities in accordance with the objectives of the Act.
The Progress
In its first year of operations since taking over the functions of the former Post Office Savings Bank on December 1, 1974, Bank Simpanan Nasional directed its effort at restructuring and streamlining its organisation and simplifying procedures in order to provide improved facilities and services to its depositors. Towards this objective, the Bank has planned to decentralise the administration and control of its activities by setting up its own branch offices in major towns throughout the country. In areas where branch offices are not warranted, post offices and postal vans with savings bank facilities continued to be used to mobilise savings. Meanwhile, intensive publicity campaigns to promote the savings habit and to encourage thrift and savings among the general public were conducted on a national scale. Regional promotional officers visited schools and business centre to publicise the services offered by the Bank and to encourage the people to save with it. In 1975, the Bank continued to serve its depositors through 526 post offices, including 135 postal mobile units, acting as agents for the Bank. Net deposits with the Bank in 1975 rose by 6.2 per cent or $32.5 million. During 1976, Bank Simpanan Nasional added three new mobile units to bring the number in the mobile fleet to five. These units, together with 538 post offices with savings bank facilities, including 147 postal mobile units, enabled the Bank to provide an increasingly wider network to serve depositors, particularly in the smaller towns and rural areas.
Mission
To improve the economic well being and quality of life of the Malaysian people by actively promoting savings, investment and the practice of sound financial management and by providing ready facilities for this purpose.
Vision
To be the national and preferred provider of comprehensive financial services for the Malaysian people.
Corporate Objectives
»To promote and mobilise savings, particularly from small savers.
»To inculcate the habit of thrift and savings.
»To provide the means for savings by the general public
»To utilise the funds of the Bank for investment including financing of economic development of the nation.
Etimos is an international financial consortium with Headquarters in Padua, Italy, and three regional offices in Sri Lanka, Argentina and Senegal.
It collects savings in Europe and invests in developing and emerging countries financing microfinance institutions, producers cooperatives linked to Fair trade markets and social enterprises.
Etimos is a transnational co-operative consortium including over 280 organisations in Italy, Europe and in developing countries: microfinance institutions, producer co-operative, associations, universities, schools and social promotion institutes, cooperatives, fair trade shops, NGOs, banks, foundations, public authorities and religious associations.
The strength and specificity of Etimos are linked to this "consortium" based setup consisting of a network of different organisations by sector, size and geographical location, but all equally determined to promote a new development model from north to south all over the world. Etimos provides its members with the tools necessary to promote economic and social growth of local communities translating into capital, resources, knowledge, technical assistance, training, opportunities for dialogue.
The network not only includes the organisations who are members of the consortium, but also includes the decentralised offices in Argentina, Sri Lanka and Senegal, directly controlled by Etimos, further to a series of partnerships with the major players on the European and worldwide scene of finance, ethics and co-operation: financial institutions, multilateral banks, development agencies, consortiums, public authorities and large international NGOs.
Etimos' financial products meet two different demands.
Banca Prossima On November 2007 Intesa Sanpaolo created Banca Prossima as the first European bank fully dedicated to the nonprofit sector. Banca Prossima is a bank and will operate exclusively by lending and not grantmaking. Intesa Sanpaolo settled on Banca Prossima euro 80 mn in equity and over 100 of its professional staff , chosen both for their skills and for personal experience as volunteers in nonprofit organisations Banca Prossima will retain all its earnings : a share has to maintain equity in order to ensure economic sustainability the remaining share will feed the Fund for the Development of the Social Enterprise. The Fund brings about mutuality across all client Organisations and it enables lending towards borrowers or projects that would otherwise be priced out of credit .
Widespread presence as a member of a large Group Over 85 relationship managers currently bring Prossima’s services at the customers’ door. In order to offer full services anywhere Banca Prossima also avails itself of all the skills and the geographical presence of the Intesa Sanpaolo Group. Financial services brought to the organisations and to 60 dedicated “financial corners” of Banca Prossima Full availabiliy of branch operations Direct access SOCIAL ENTERPRISES and COMMUNITIES Internet banking Phone banking 6,000 Intesa Sanpaolo branches 85 Relationship managers
Tailor-made valuation tools Social enterprises do not usually have strong equity and may lack financial professionals, so they need specialised valuation tools. Banca Prossima’s valuation model does not contrast with standard banking valuation models as it completes them with elements which are typical of the nonprofit world (such as fund raising capability, success in attracting government and private grants from foundations, the share of market revenues, the governance model). It thereby opens a new chapter in the valuation tools for the social enterprise. The Rating model for the Social Enterprise developed by Banca Prossima considers the enterprise as the centre of a network of relationships which link it to society. In Banca Prossima’s governing structure a special place is reserved for nonprofit rappresentatives . In the “Solidarity and Development Committee” sit scholars, managers or professionals of the nonprofit sector . Its main tasks are to contribute to the design the operation strategy for the Fund for Development of the Social Enterprise and to assign targets and assess effectiveness of Banca Prossima’s operations.
Intesa Sanpaolo is the banking group which was formed by the merger of Banca Intesa and Sanpaolo IMI. The merger brought together two major Italian banks with shared values so as to increase their opportunities for growth, enhance service for retail customers, significantly support the development of businesses and make an important contribution to the country's growth.
Intesa Sanpaolo is among the top banking groups in the euro zone, with a market capitalisation of 32.7 billion euro(1).
Intesa Sanpaolo is the leader in Italy in all business areas (retail, corporate, and wealth management). The Group offers its services to 11.1 million customers through a network of over 4,800 branches well distributed throughout the country with market shares no lower than 13% in most Italian regions. Intesa Sanpaolo has a selected presence in Central Eastern Europe and Middle Eastern and North African areas with over 1,400 branches and 8.4 million customers belonging to the Group's subsidiaries operating in retail and commercial banking in 12 countries.
Moreover, an international network of specialists in support of corporate customers spreads across 29 countries, in particular in the Middle East and North Africa and in those areas where Italian companies are most active, such as the United States, Russia, China and India.
A leading banking Group like Intesa Sanpaolo can have a significant impact on the society and environment in which it operates. It is therefore its responsibility to behave in a manner that is not just aimed at making profits but which also creates value for its stakeholder - customers, employees, shareholders, suppliers, the environment everyone the bank deals with. Intesa Sanpaolo confirms the importance of corporate social responsibility as an integral part of its strategy and, believing that socially and environmentally correct choices are also winning economic choices, deems it is possible to create long-term value only if the company is run along three concrete lines - economic and financial, social and environmental - and if the company's operations are supported by transparent corporate governance.
The Association of African Development Finance
Institutions (AADFI) is a Continental organisation
created under the auspices of the African
Development Bank in 1975. The objective of the
Association is to promote economic and social
development in Africa through co-operation among
banks and financial institutions. The main activities
of the AADFI are the provision of services to
members and their affiliated institutions particularly in
the areas of information, capacity-building and
development policy advice. In this regard, the AADFI organises various programmes comprising skill-based workshops and policy seminars aimed at assisting member-institutions to improve and update their technical competence and structures in line with the changing development needs of their countries. The AADFI provides its members with a quarterly information bulletin, a directory of financial institutions in Africa, press clippings on development issues, an annual report of activities, a biannual finance and development review. The AADFI maintains close co-operation with several international organisations and institutions. It has the status of Observer at the World Bank. It is a member of the World Federation of Development Finance Institutions (WFDFI) which brings together the AADFI and its counterparts namely the Association of Development Finance Institutions in Asia and the Pacific (ADFIAP), the Association of Development Finance Institutions in Latin America (ALIDE), and the Association of Development Finance Institutions in member countries of the Islamic Development Bank (ADFIMI).
The National Bank for Economic Development
“BNDE” is a mixed company having its Head
Office in Bujumbura - Burundi. Its authorized
capital is BIF 6 190 100 000 means
approximately Euros 3 000 000.
Its Shareholders are the State of Burundi
which is majority with 40% of the capital and
some others from different sectors notably the
French Agency of Development, the European
Investment Bank and the Directorate General for Development Co-operation and the Humanitarian Aid of the Kingdom of Belgium. The vision of the BNDE is to be a privileged instrument of financing of the productive projects of development, a key actor of the economic revival and reduction of poverty in Burundi. Its mission is to contribute to the economic and social development of Burundi.
BNDE offers a range of products to its customers. Its sectors of intervention are:
· agriculture and the breeding; · industry and agro-industry;· - the Services;
· the crafts; · tourism; · the real estate;
· health and education; · the refinancing of the Institutions of Microfinances.
Among the Shareholders of the Bank the partners of Burundi in the Development appear. Sometimes the Government reassign with the BNDE of the received gifts of its partners like the KFW of Germany, the Kingdom of Belgium and the French Agency of Development.
In addition to, to achieve its goals, the BNDE needs to reinforce its partnership with other DFIs to have resources to finance the projects on the long run. That can be carried out through credit lines.
It also required reinforcement of the capacities there through the training, experience sharing and the study trips.
The BNDE can request a partnership with the other DFIs especially Italian Banks in reinforcement of the capacities of its staff and through the credit line. There are also the customers of the BNDE which often makes imports starting from Europe and the partnership can be focused on the system of payment of the suppliers. The Italian Banks can also take part in the shareholding of the BNDE.
The Citizen Entrepreneurial Development Agency (CEDA) was established by the Government of the Republic of Botswana to provide financial and technical support for business development with a view to promote viable and sustainable citizen owned business enterprises. CEDA was incorporated as a company limited by guarantee on the April 12th, 2001 and commenced operations in June 2001. The company was established in response to a recommendation made by the National Conference on Citizen Economic Empowerment (NCCEE) held in July 1999, in order to introduce the professional management of the Government financial assistance initiatives and to streamline the numerous projects providing similar schemes. The Agency is established to address the need for coherent and holistic support for the development of small, medium and large scale enterprises through the soft window and package offered through the subsidiaries.
CEDA offers funding for capital expenditure, stock or working capital in new and existing business ventures. It also offers training and mentoring for new and seasoned entrepreneurs and business advisory services to entrepreneurs in various skills as identified through the needs assessment that is conducted during project monitoring.
Structure
The control of CEDA is vested in the Board of Directors appointed by the Botswana Government. The Board of directors consists of representatives from Government and Non Government agencies. In this way commercial sense balanced with the social responsibility of Government will come to bear on the operations of CEDA.
The key functions of the board of directors are to direct, monitor and control the strategic direction of CEDA, ensuring that sound business policies are practiced and the objectives of the agency are being met. The Chief Executive Officer assisted by the Deputy Chief Executive Officer (Operations) and Deputy Chief Executive Officer (Corporate Services) and Senior Management Team manage the company.
CEDA Products and Services
- Loan finance - Equity - Lease Loans - Property Loans - Credit Guarantee
- Citizen Entrepreneurial Mortgage Assistance Equity (CEMAEF)
- Factoring and Invoice Discounting
- Business Advisory Services (Training and Mentoring)
Nigerian Export – Import Bank
www.neximbank.com.ng/
The Nigerian Export-Import Bank (NEXIM) was established by Act 38 of 1991 as an Export Credit Agency (ECA) with a share capital of N50, 000,000,000 (Fifty Billion Naira) held equally by the Federal Ministry of Finance Incorporated and the Central Bank of Nigeria.
The Bank which replaced the Nigerian Export Credit Guarantee & Insurance Corporation earlier set up under Act 15 of 1988, has the following main statutory functions:
- Provision of export credit guarantee and export credit insurance facilities to its clients.
- Provision of credit in local currency to its clients in support of exports.
- Establishment and management of funds connected with exports.
- Maintenance of a foreign exchange revolving fund for lending to exporters who need to import foreign inputs to facilitate export production.
- Provision of domestic credit insurance where such a facility is likely to assist exports.
- Maintenance of a trade information system in support of export business.
The Bank presently provides short and medium term loans to Nigerian exporters. It also provides short term guarantees for loans granted by Nigerian Banks to exporters as well as credit insurance against political and commercial risks in the event of non-payment by foreign buyers. The Bank is also the government’s National Guarantor under the ECOWAS Inter-state Road Transit programme.
Our Vision
“To be the leading African Export Development Bank”
Our Mission
To become a First Class Institution promoting a diversified export base through the provision of Finance, Risk Bearing and Advisory Services in line with Government Trade Policy.
Our Vision
To be a leading Bank in financing development projects of Large, Medium & Small Enterprises by leveraging the professionalism of its employees and quality of its customer service.
Our Mission
To commit necessary long and short term financial resources that are required to support the development activities of Large, Medium & Small Enterprises in line with the Government goals to diversify the sources of national revenue.
Oman Development Bank (ODB) , the leading development financing institution in the Sultanate, has been a key partner in spearheading the nation’s economic and social development. Oman Development Bank has started functioning in the year 1977 in the sectors of industry, agriculture,fisheries, oil & mining. In 1981, a specialised bank for agriculture and fisheries was established in the name of Oman Bank for Agriculture and Fisheries.
In 1997, the two banks were merged to form Oman Development Bank (SAOC).ODB strives hard to foster the nation’s development by actively participating in the government’s concerted efforts to enhance economic and social development. ODB is a leading financier to the small and medium enterprises (SME) sector, providing financial assistance for a range of development activities as well as working capital finance to private enterprises.
The bank witnessed a new phase in financing small and medium projects in all development sectors under one umbrella, offering soft loans at interest rates not exceeding 3% while providing interest-free loans up to RO 5,000 to small investors and craftsmen.
Network branches
Our interactive map helps you locate our branches across the Sultante and acquire their contact details. Move the mouse on any of the branch locations to reveal their contact details. You can alternatively use the branches table below to locate your desired branch.
Oman Development Bank always strives to provide you with the best banking products and services. As you are very important to us, your feedback will help us to improve and develop our services to ensure utmost satisfaction.
Oman Development Bank is committed to placing all banking and financial capabilities and vast experience in the business sector to design a range of products and credit services, which contribute to meet requirements of its customers.
Products
Development Loans
As a pioneer bank in Oman, Oman Development Bank SAOC is committed to its role in financing SMEs and providing them with technical support, in terms of the importance of small and medium enterprises in the economies of many countries, SMEs are providing jobs and also feeding large industries with their needs.
Mawsimi
Agricultural Seasonal Loans are required by farmers to purchase seeds, fertilizers, tools etc and for financing cultivating expenses, depending on the cultivating and harvesting period as well as expected timing and amount of smalls realizations. This type of finance is based on the intra-year working capital cycle for the agricultural commodity being financed , maximum loan amount is 50,000 per crop with 3% interest rate per annum .
Izdihar
Izdihar is a fixed term deposits to mobilise funds for developmental purpose that aims to encourage the habit of saving among individuals and institutions to secure their future and to participate in nation’s growth in Oman in various fields. The minimum deposit amount of RO 100 with competitive interest rates and free insurance coverage and the maximum period of deposit is 12 month. Renewable for further period
Working Capital
Working Capital covers daily operational expenses of businesses such as purchase of raw materials, storage & spare parts (stock) , salaries & wages , benefits ,packaging legal fees , taxes , transportation expenses , etc . This maintains the production process’s continuity from raw materials purchase to selling the manufactured product .
Salone del Risparmio is the most important Italian exhibition exclusively focused on the asset management industry. The event brings together all entities and individuals working in the field: asset management companies, stock brokerage firms, foreign investment companies, distribution networks, institutional investors, financial salesmen and service companies. The Salone is also a public event attended by private investors, students and citizens who are welcome to visit the exhibition and meet those directly involved in the field. The entrance to the event is free.
The three-day Trade Show is free for all visitors. The first two days are reserved to those working in the field, while the third day is open to the public too: this is the best way to meet the needs of our sponsors and creates a valuable opportunity to establish a direct relationship with customers, to present products and investment solutions to private investors and potential new subscribers. Each day starts with a plenary conference, the first of which officially opens the Trade Show and features some of the major representatives from the industry and institutions.
The event takes place in Milan in the Bocconi University conference center.
Il Salone del Risparmio aims at developing trade relations within the market, strengthing the identity of the asset management industry and contributing to its growth. The event allows participants to share experiences and new ideas, establish new collaborations, improve its know-how and update the knowledge of regulatory and operational issues. Moreover the exhibition is a privileged meeting point with private investors. At the Salone they can find some specific encounters and educational project dedicated to them.
The idea behind Banca Etica consists in creating a place where savers, driven by the common desire of a more transparent and responsible management of financial resources, may meet socio-economic initiatives, inspired by the values of a sustainable social and human development. The bank manages savings raised from private citizens, as singles or families, organisations, companies and institutions in general, and invests them in initiatives pursuing both social and economic objectives, operating in full respect of human dignity and the environment. In such context Banca Etica sets out to educate both savers and borrowers by enhancing the awareness of the formers about their saving's destination, and encouraging the latter to develop their management and entrepreneurial abilities. Banca Etica does not set out to reject the basic rules of finance, but it rather seeks to reform its main values.
THE PRINCIPLES
The principles which inspired Banca Etica's incorporation, and which today distinguish and characterise its everyday work, are stated in article 5 of its Articles of Association. The Company adopts the following principles of Ethical Finance:
- ethically oriented finance is aware of non economic consequences of
economic actions;
- access to finance, in all its forms, is a human right;
- efficiency and soberness are components of ethical responsibility;
- profit produced by the ownership and exchange of money must come from
- activities oriented towards common well-being and shall have to be equally
distributed among all subjects which contribute to its realisation;
- maximum transparency of all operations is one of the main conditions of all
ethical finance activities;
- the active involvement of shareholders and savers in the company's decision
making process must be encouraged;
- each organisation which accepts and adheres to the principles of ethical
finance undertakes to inspire its entire activity to such principles.
The real capital of the Bank is represented by its shareholders, by the trust they put into the project of the Bank. Therefore, the life of the Bank depends on its members; Banca Eticaconsiders its shareholders as the human resource they represent, and not only as the financing they helped to raise. For this reason, their active involvement in the bank's life is considered of primary importance.