DOCSLIB.ORG

Exim Bank EXIM JOURNEY – Key Milestones

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Exim Bank EXIM JOURNEY – Key Milestones Exim Bank EXIM JOURNEY – Key Milestones Second Strategic “Number One Bank in IFC- “Women overseas subsidiary in Customer Care” by the KPMG Entrepreneur DJIBOUTI Finance Africa Banking Survey, 2013 Programme” “Best Workplace Best Practice Environmental Practices for Training Award 2013 Introduced First and Development” in the 5.8% Stake in Visa Credit Card East Africa CSR Awards Crossed TZS 1 Trillion asset NMB mark Best Presented New Core Banking Introduced Financial System ‘Intellect’ 2013 First Master Statements NBAA Card Credit - 2008 and 2009 2011 Card in Times / IFC CB – CFC Tanzania Bank, Deutsche 2009 2014-15 Bank Loan From NORFUND 2012 Loan From – 2010 5th Largest bank in Tanzania IFC & 2004-07 PROPARCO Total Branches – 34 Stake in State of Art Tanzania Exim 2008 Total Asset – USD 640 Mn Mortgage Academy for Incorporated 2002 Refinance Training First Overseas Total Equity– USD 104 Mn First Branch in Company 2003 Subsidiary - Tanzania USD 15 Mn COMOROS Customers – 500,000 Introduced loan from First Debit - PROPARCO CB– PTA Bank “Sustainable Total Staff Strength - 750 Master , VISA 2001Introduced & HSBC Bank of the Platinum & Banking Started Year 2008 Partner with DEG -USD 20 Mn Credit Card in Software “MONEYGRAM” Award” by Loan 1997 TZ “FLEXICUBE” Money Transfer Financial “CB “– Correspondent Bank Services Times / IFC Presence Tanzania Comoros Djibouti Branches ATMs Extension Counters Tanzania 27 54 2 Comoros 5 7 0 Djibouti 2 1 0 34 62 2 • 10 Branches across • Established in • Established in 2010 Dar es Salaam 2007 • 2 Branches across Horn • 17 branches • Has 5 branches of Africa’s country. strategically located in connecting the • Strategically positioned upcountry business in the country with Indian Ocean opportunities such as; Islands good FDIs flows, entry / • Economy is mostly exit point for Ethiopia, import oriented logistics (ports) and transit (to and from Ethiopia) • Link between Africa and Asia / Europe The Vision and Strategy Retail Banking . Focus on expanding its market share in the region . Using innovative products to maximize Vision customers satisfaction . increasing market share by 50 % on To Be Bank Of Choice In Customer deposits by 2016 vs 2013 Tanzania Corporate & . Cross selling products to tap business in the Investment region Banking . Using the established regional branch network to connect businesses inside and outside the region . To become the bank of choice for businesses Mission Treasury • Product diversification to capture the To Remain An increasing demands for Import & Export Innovative Tanzanian clients Bank Offering Service • To be among top 5 treasuries in TZ by 2016 Of International Regional • To continue establishing foot prints across Standards Perspective region’s strategic locations • To be a truly International Class Regional bank! EXIM Business Units Business Units Corporate & Treasury Retail & SME Investment Institution Banking Function Banking Banking . Export/Import bills for . Merchant Spot . Wide Range of . Project Appraisal collection across the and Derivates customized . Fund Syndication globe . Interbank Products . M&A / PE Advisory . Letter of credit (LC) Derivatives . Internationally Debit . Equity Capital issuance/advice . Interbank Card and Credit Market advisory services proprietary (spot) Card in association . Bank Guarantee with Master . Pre-Shipment /Packing Card/Visa. Credit Finance against confirmed orders/LCs. Digital banking EXIM Group Financial Highlights PARTICULARS Dec, 2012 Dec, 2013 Dec, 2014 USD Million Total Asset 480 568 564 Total Loans 216 266 274 Total Deposits 360 394 370 Shareholders Fund 57 80 99 PBT 8 9 13 NIM % 5.0% 4.1% 5.0% Non Interest Expense to Gross Income 40.7% 43.4% 45.7% Return on Assets 2.1% 2.1% 2.4% Return on equity 18.1% 16.9% 19.4% Non Performing Loans to total Loans 13.0% 8.9% 5.8% Capital Adequacy (Tier I+Tier II) 14.9% 13.6% 15.1% Growth on Shareholders Fund 22.0% 43.0% 24.0% Key Performance Metrics INCOME GROWTH PROFIT AFTER TAX ‘000 USD SHARE HOLDERS FUNS '000 USD 1,20,000 12,000 Nonfunded 1,20,000 Income 10,000 80,000 8,000 90,000 6,000 60,000 40,000 4,000 30,000 2,000 - - - 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 2011 2012 2013 2014 Proven Track Record Great growth record (i.e. CAG) over the past 5 years A Growing . Total Assets consistently increased to reach US$ 672 million in Bank Dec-14 . Shareholders’ fund growth rate of 20% to US$ Million . Deposits growth rate of 4.9% to US$ 452 Million . Loans growth rate of 9.2% to US$ 331 Billion . Net Interest Income CAG rate of 14% Well diversified . Non funded Income CAG rate of 16% Income streams . FX trading Income CAG rate of 16% . Alternate delivery channels game changer onto meeting customers’ needs Proven Track Record . Financial relationship with international lending agencies of repute namely IFC, PROPARCO, DEG, FMO and Key relationships NORFUND. A member of the Global Banking alliance for Women (GBA). 1st Customer Care in Tanzania 2012 (KPMG ). Short listed among top five retail Banks in Africa in the prestigious African Bankers Awards held in Marrakesh, Morocco (2013 ) Sustained . Awarded for Best Practice Environmental Award 2013 Recognitions . Amongst top 3 ‘Sustainable banks of the year’ by FT/IFC (2011) . Awarded for Best Presented Financials statement in the banking Sector Category- 2009 by National Board of Accountant and Auditors (NBAA). 1st to introduce Credit Cards in Tanzania Pioneering . 1st to introduce Mobile ATM in the Country. initiatives . 1st to establish a banking subsidiary overseas. Professional and talented team to serve you: . Competent and professional staff ready to serve you . Continuously In house training at ‘The Exim Academy’ . Recruited from the global platforms . 50/50 gender maintained (368 female out of 750 employees) Our Customers Government Institutions . Ministries and departments of the Tanzanian government . Maintains accounts for special government projects . Local Based companies Corporates . Foreign companies with operations in the region . Local based commercial and investment banks Financial Institutions . International banks with business links in the country NGOs . Serves all local and international NGOs . Offers specialized products to SMEs across various sectors SMEs in the country . Links SMEs (Importers/Exports) with the external world by facilitating their international transactions Individuals . Both Local and foreigners . Served from all our strategically placed branches and electronic platforms An Overview of Financial Sector In Tanzania The banking Industry . 70% of total assets in the financial system. In reforms since liberalization of financial sector in late 1990’s. Great opportunities due to unexploited customers’ base and technological innovations . Total Assets US$ 13.5 Billion as of Dec-14 . Largest 5 banks by assets size . Control over 510% of total industry assets with over US$ 7.02 billion Market Leaders . Combined profit of US$ 185 Million (75% of total Market profit) . Has combined branch network of 370 branches (over 70% of industry network) . 8 Banks Including EXIM Bank (T) Ltd. Very innovative and fast growing banks Other Big Banks . 5 of them are international banks with oversea parents . Controls 30% of the total industry assets with over (US$ 3.6 Billions) NMB & CRDB 40% BANKS EMAINING TOP 8 OTHER SMALL BANKS An Overview of Financial Sector In Tanzania Total Assets Total Dep. PBT PAT CRDB 1 1 2 2 NMB 2 2 1 1 Standard Chartered (T) 3 3 3 3 The Ranking National Bank of Commerce 4 4 6 6 of top 10 banks Exim Bank (T) Ltd 5 5 6 6 Stanbic Bank (T) 6 6 5 5 (Dec-14) Citibank (T) 7 7 4 4 Barclays (T) 10 10 9 9 Bank M (Tanzania) Limited 9 8 8 7 Diamond Trust Bank (T) 8 9 7 8 . Small savings and credits societies across the country Micro financial Institutions . Regulated through the central bank . In 2014 total Loans portfolio amounted to US$ 1.4 Billion . Recognized as the best growing market in Africa by Dar Es Salaam Bloomberg/CBS/Thomson Reuters (2014) with 27% annual Stock Exchange growth . 22 companies with Current market capitalization of US$ 12.8 Billion . 2nd largest bourse in the region after NSE Our Edge We have an edge in Which enables us to offer And leads to Complete, end-to-end Funding Enhancement of value for client Strong Management Bandwidth solutions to clients at all levels at the corporate level and for and speed of execution stakeholders at large Thorough analysis and research to Long term partnerships with our Knowledge of Local Market help clients take informed and Clients rational decisions Our knowledge about the local regulatory environment Faster Turnaround Time International Relationship and Innovative fund raising solutions Management Experience both domestically and internationally in debt, equity and hybrids Board of Directors Mr. Said Mwema, • Managing Partner at Said A. Mwema Advocates, Tanzania based law firm. Served in various Chairman positions including Inspector General of Police, Head of Interpol Sub-regional Bureau – Nairobi and a Board Member to Tanzania National Parks Authority. Mr. Yogesh Manek, • Promoter of Mac Group, one of the largest business conglomerates of Tanzania across a Director diversified spectrum including FMCG and Insurance sectors. Member of various Trade, Business Councils and Social Welfare organizations in Tanzania. Mr. Thomas • Career Banker and Managing Director of Africa Finance & capital, a financial consulting and Wescott, Director advisory firm. • Worked more than 25 years in HSBC focusing on Sub Sahara region Mr. Sherazam • Partner at Sabre Capital, London based emerging private equity fund. Prior experience in Mazari, Director Standard Chartered as CEO, Africa region, Regional Head (Consumer Banking Korea), Head Consumer Banking Middle East. Also worked in Citi bank in various senior roles Mr.Hanif Jaffer • Chairman of Infinite Vision Limited, a Company dealing in Information Technology and Business Director Solutions. • Founding member of Exim Bank, he played an anchoring role in its formative years as a fulltime Resident Director.
Load more

Recommended publications
  • China Export and Import Bank (China EXIM Bank) Issuance Notice Of
    UNOFFICIAL TRANSLATION (OFFICIAL CHINESE GUIDELINES BELOW) China Export and Import Bank (China EXIM Bank) Issuance Notice of the “Guidelines for Environmental and Social Impact Assessments of the China Export and Import Bank’s (China EXIM Bank) Loan Projects" Guidelines for Environmental and Social Impact Assessments of the China Export and Import Bank’s (China EXIM Bank) Loan Projects General Principles Article 1. In order to implement the national strategies for sustainable development, promote economic, social and environmental development, and effectively control credit risks, the Guidelines were developed according to the "People's Republic of China’s Environmental Impact Assessment (EIA) Act," "People's Republic of China’s Environmental Protection Law", "Environmental Management for Construction Project Ordinance" and other relevant state laws and regulations, and with reference to the relevant regulations and procedures for the environmental and social assessments of international financial organizations. Article 2. These Guidelines apply to the loan procedure of China EXIM Bank. Article 3. The China EXIM Bank’s loan projects are classified as domestic or offshore projects, according to the area in which the projects are implemented. Domestic projects mean that the projects are implemented inside China with China EXIM Bank’s loan support. Offshore projects refer to the projects that are implemented outside China with China EXIM Bank’s loan support. Article 4. When China EXIM Bank reviews its loan projects, not only economic benefits, but also social benefits and environmental demands are considered. Article 5. Environmental assessment refers to the systematic analysis and evaluation of the environmental impacts and its related impacts on human health and safety due to the implementation of the projects.
    [Show full text]
  • Case Study Exim Bank
    CASE STUDY Exim Bank, Comoros deploys Eximnet, i-exceed’s Appzillon based Internet banking solution. About Exim Bank Exim Bank (Tanzania) Ltd, is the 6th largest bank in Tanzania in terms of total assets and deposits (December 2012) with total assets of over a trillion shilling (June 2013). The bank is known as one of the most innovative & fastest growing banks in the country and is reckoned for its professionalism and business ethics. Having remained at the forefront of providing quality banking services in Tanzania since its inception in Aug' 97, Exim Bank wanted to introduce mobile and internet banking at its subsidiary Exim Bank Comoros Exim Bank’s Requirement Exim Bank wanted to improve sales effectiveness and increase customer base by offering their existing banking services in the mobile and internet space. The solution was expected to possess: High levels of data Multilingual A unified integrity and support design theme security and integrated environment Platform The ability to independence seamless work with existing backend systems i-exceed’s Solution Using Appzillon, i-exceed’s flagship Mobile Application Development Platform (MADP), Eximnet was built and deployed in just 50 days. The salient features of the Eximnet application are: 1 2 3 Multilingual Seamless integration with support the core banking backend Unified user experience system using a new web across mobile and services tier Internet platforms 4 5 Interfaces with the Inclusion of all key technical support to consumer transactions and monitor user actions request facilities on mobile and handle service and Internet platforms requests in real time Result Business benefits of Eximnet: CUSTOMERS BANK Access to best in class mobile and Reduced branch workload and branch internet banking facilities with operation costs as customers can international standards and security.
    [Show full text]
  • African Markets Revealed
    AFRICAN MARKETS REVEALED SEPTEMBER 2020 • Steven Barrow • Ferishka Bharuth • Mulalo Madula • Angeline Moseki • Fausio Mussa • Jibran Qureishi • Dmitry Shishkin • Gbolahan Taiwo www.standardbank.com/research 1 Standard Bank African Markets Revealed September 2020 Recovering, but not out of the woods • The worst of the pandemic will arguably be reflected in Q2:20 GDP growth outcomes. Of the countries in our coverage, we see only a handful of economies escaping recession in 2020. • Economic growth in Q2:20 contracted by 6.1% y/y, 3.3% y/y, and 3.2% y/y in Nigeria, Mozambique and Uganda respectively. The Ghanaian economy too contracted by 3.2% y/y in Q2:20, even worse than the 0.4% y/y contraction that we forecast for our bear scenario in the May edition of this publication. • The more diversified economies and those with large subsistence agriculture sectors could post mild, yet positive, growth in 2020. Most East African countries fall into this bracket. Egypt too might also avoid a technical recession this year. • However, Nigeria, Angola, Zambia and even Botswana, being overly reliant on just a few sectors to drive growth, will most likely contract this year. The only question is by how much? • Tourism-dependent economies will take a hit. We still don’t see any meaningful recovery in tourism until a global vaccine is at hand. The weakness in the tourism sector is mostly a BOP problem rather than a growth problem for many African countries. However, the service value chain that relies on a robust tourism sector too, will most likely weigh down growth in these economies.
    [Show full text]
  • At Arusha Commercial Case No 3 of 2019 Crdb
    IN THE HIGH COURT OF TANZANIA (COMMERCIAL DIVISION) AT ARUSHA COMMERCIAL CASE NO 3 OF 2019 CRDB BANK PLC.......................................................... PLAINTIFF Vs LAZARO SAMWEL NYALANDU................................... DEFENDANT RULING B.K. PHILLIP, 3 This ruling is in respect of the points of preliminary objection to wit; i. That, the suit is bad in law as it contravenes Order VII, Rule 1 (c) of the Civil Procedure Code, Chapter 33 R.E. 2019. ii. That the suit is bad in law as it contravenes Order VII, Rule 1 (c) of the Civil Procedure Code, Chapter 33 R.E. 2019 as amended by G.N No. 381 of 2019. iii. That, the suit is bad in law as it contravenes section 18 (a), (b)and (c) of the Civil Procedure Code, Chapter 33, R.E. 2019 The plaint reveals that this case emanates from a loan facility agreement signed between the parties herein, whereby the plaintiff granted to the defendant a loan to a tune of TZS 400,000,000/= The defendant offered his property located at Plot No. 9 & 10 Block "B", with CT No. 58063, LO No. 635518, Gomba Area, in Arumeru District, Arusha Region as security i for the loan. It is alleged in the plaint that the plaintiff defaulted the repayment of the loan. In this case the plaintiff prays for judgment and decree against the defendant as follows; i. An order for payment of the sum of Tshs. 304,795,267/= to the plaintiff by the defendant. ii. An order for payment of interest on the principal sum in prayers (i) above at the contractual rate of 14.5% from 16th August, 2019 to the date of Judgement.
    [Show full text]
  • Early Recovery Plan
    UNION OF COMOROS COMOROS FLOODING 2012 Early Recovery Plan Moroni, August 2012 TABLE OF CONTENTS ACRONYMS AND ABBREVIATIONS ..................................................................................................................... 3 FOREWORD ....................................................................................................................................................... 4 STATEMENT BY H.E. DR IKILILOU DHOININE, PRESIDENT OF THE UNION OF COMOROS .......................................................... 4 FOREWORD ....................................................................................................................................................... 5 STATEMENT BY MR DOUGLAS CASSON COUTTS, UNITED NATIONS RESIDENT COORDINATOR .................................................. 5 ACKNOWLEDGEMENTS ...................................................................................................................................... 6 EXECUTIVE SUMMARY....................................................................................................................................... 7 BASIC HUMANITARIAN AND DEVELOPMENT INDICATORS FOR THE UNION OF COMOROS ................................. 8 TABLE I. SUMMARY OF REQUIREMENTS – BY SECTOR.......................................................................................... 8 TABLE II. SUMMARY OF REQUIREMENTS – BY UN ORGANIZATION.......................................................................... 9 1. CONTEXT AND HUMANITARIAN CONSEQUENCES .....................................................................................
    [Show full text]
  • Pricing Guide 2021.Pdf
    STANBIC BANK ZAMBIA PRICING 2020/2021 TYPE OF TRANSACTION PRIVATE EXECUTIVE ACHIEVER (EVERYDAY CORPORATE COMMERCIAL ENTERPRISE TAMANGA INVOICE DISCOUNTING BANKING) Arrangement Fee 2.5% Secured 5% unsecured ADMINISTRATION Interest rate LCY Customised Montly Management Fees ZMW 330 ZMW 110 ZMW 55 ZMW 200 ZMW 165 ZMW 150 ZMW 100 Interest rate FCY Customised Debit Activity Fees Free Free Free Free Free Free Free DISTRIBUTOR FINANCE Credit Activity Fees Free Free Free Free Free Free Free Arrangement fee 2.5% Secured 5% unsecured Bundle Pricing ZMW 385 ZMW 165 ZMW 87 N/A N/A N/A N/A DEPOSIT Management fee per quarter Customised Local cheque deposit at branch Free Free Free Free Free Free Free Rollover fee Customised Own Bank cheque within clearing area Free Free Free Free Free Free Free Interest rate (ZMW) Customised Own Bank cheque outside clearing area Free Free Free Free Free Free Free Interest rate (USD) Customised Agent Bank cheque within clearing area Free Free Free Free Free Free Free FOREIGN CURRENCY SERVICES Agent Bank cheque outside clearing area Free Free Free Free Free Free Free Purchase of Foreign Exchange Cash Deposit at Branch Free Free Free Free Free Free Free Foreign notes No charge Bulk Cash Deposit Foreign Currency ( Above $50,000) 1% 1% 1% 1% 1% 1% 1% Telegraphic Transfer/SWIFT (inward) US$20 flat WITHDRAWALS Drafts/Bills/Cheques 1.1% min US$40 plus VAT + Foreign charges At branch within K25,000 ATM limit Free Free ZMW 120 N/A N/A N/A N/A Drafts/Bills/Cheques 1.1% min US$40 plus VAT + Foreign charges Own ATM ZMW 9 ZMW 9 ZMW
    [Show full text]
  • Letter of Interest Application
    OMB #3048-0005 Expires 11/30/2021 Export-Import Bank of the United States (EXIM) Letter of Interest Application Please type. Processing of applications may be delayed if the requested information is not provided. 1. Applicant. The applicant may be any responsible individual, financial institution or non-financial enterprise. ☐ Check if applicant has been assisted by a city or state export agency and provide the name of the agency: Applicant name: ________________________________ Duns #: __________________________________________ Contact person: _________________________________ Phone #: _________________________________________ Position title: __________________________________ Fax #: ___________________________________________ Street Address: _________________________________________________ City: _____________________________ State/Province: ________________ Postal Code: _____________________ Country: _________________________ Taxpayer ID #: __________________________________ Email: ____________________________________________ 2. Exporter. The "exporter" is the company which contracts with the buyer for the sale of the U.S. goods and services. ☐ Check if the exporter is also the applicant. If not, complete the information below. Exporter name: _________________________________ Duns #: __________________________________________ Street address: _________________________________ Phone #: _________________________________________ City: ________________________ State: ___________________________ Postal Code: ______________________ Taxpayer
    [Show full text]
  • India: an Ideal Partner in Tanzanian Agriculture?
    Journal of Language, Technology & Entrepreneurship in Africa Vol. 4 No. 1 2013 India: An Ideal Partner in Tanzanian agriculture? Darlene K. Mutalemwa [email protected] Mzumbe University, Tanzania. Abstract The agricultural sector is the driving force of the Tanzanian economy. Therefore the need to develop and modernize it is of paramount importance for food production, poverty reduction and growth in other sectors. This paper aims at increasing knowledge and understanding of the contribution of India including its private companies, in Tanzanian agricultural investments, development and transformation. The paper concludes with some final remarks broadly stating that while Tanzania has enormous potential for attracting private investment in agriculture, there are serious constraints to India’s effective engagement in Tanzanian agriculture that include the need for improving the business environment, engaging the Indian Diaspora and increasing public expenditures on drivers of productivity. Key Words: Agriculture, India, Tanzania, Partner Introduction The Necessity for a Green Revolution In the opinion of the late President of Tanzania, J.K. Nyerere, Tanzania needs a Green revolution which has been the cornerstone of India’s agricultural achievement, transforming the country from one of food deficiency to self- sufficiency ( Tanzania National Business Council, 2009: ii): “Because of the importance of agriculture in our development, one would expect that agriculture and the needs of the agricultural producers would be the beginning, and the central reference point of all our economic planning. Instead, we have treated agriculture as if it was something peripheral, or just another activity in the country, to be treated at par with all the others, and used by the others without having any special claim upon them… We are neglecting agriculture.
    [Show full text]
  • Export-Import Bank of the United States 2012 ANNUAL REPORT EXPORTS GROW JOBS
    EXPORTS GROW JOBS Export-Import Bank of the United States 2012 ANNUAL REPORT EXPORTS GROW JOBS Facts About Ex-Im Bank Did you know? ■ The Export-Import Bank of the United States (Ex-Im Bank), an independent federal government agency, operates at no cost to U.S. taxpayers. ■ After paying all of its operating and program costs during the past five years, Ex-Im Bank contributed $1.6 billion to the U.S. Treasury. ■ More than 85 percent of Ex-Im’s transactions in recent years directly benefited small businesses. ■ Since 2008 Ex-Im Bank has assisted in creating or sustaining more than one million American jobs. 2 | EXPORT-IMPORT BANK OF THE UNITED STATES Table of Contents Mission 2 Reauthorization 3 Chairman’s Message 4 FY 2012 Highlights 6 Supporting U S Jobs 8 Increasing American Competitiveness 10 Customer-Centered Approach 11 Government at the Speed of Business 12 Global Access for Small Business 14 Opening New Markets 18 Sub-Saharan Africa 20 Infrastructure 22 Renewable Energy and Environment 24 Industries 27 Map of Small-Business Support by State 28 FY 2012 Financial Report 29 Directors and Officers 83 Map of Regional Export Finance Centers 84 2012 ANNUAL REPORT | 1 EXPORTS GROW JOBS Mission The Export-Import Bank of the United States (Ex-Im Bank) is the official export-credit agency of the United States. Ex-Im Bank is an independent, self-sustaining executive agency and a wholly owned U.S. government corporation. The Bank’s mission is to support jobs in the United States by facilitating the export of U.S.
    [Show full text]
  • Export-Import Bank of the United States-2017 Annual Report
    EXPORT-IMPORT BANK of the UNITED STATES Table of Contents Mission Mission ......................................................................................................................... 1 The Export-Import Bank of the United States (EXIM or competition backed by other governments, EXIM levels the Bank) is the official export credit agency (ECA) of the the playing field by providing buyer financing to match or Message from Vice Chairman of the Board (Acting) ................................................. 2 United States. EXIM is an independent, self-sustaining counter the financing offered by approximately 96 ECAs federal agency that exists to support American jobs by around the world. Export Credit Insurance: American Classic Hardwoods, Memphis, Tennessee .......... 4 facilitating the export of U.S. goods and services—at no EXIM Bank assumes credit and country risks that the private cost to U.S. taxpayers. Working Capital Guarantees: Thrustmaster of Texas Inc., Houston ........................ 6 sector is unable or unwilling to accept. The Bank’s charter EXIM does this in two principal ways. First, when requires that all transactions it authorizes demonstrate Loan Guarantees: Leonardo of Philadelphia, Pennsylvania ..................................... 8 exporters in the United States or their customers are a reasonable assurance of repayment. The Bank closely unable to access export financing from private sources, monitors credit and other risks in its portfolio. The Bank Financial Report .......................................................................................................
    [Show full text]
  • Stanbic Bank Zambia PMI™ Output Returns to Growth in May
    News Release Embargoed until 1030 CAT (0830 UTC) 3 June 2021 Stanbic Bank Zambia PMI™ Output returns to growth in May Key findings PMI sa, >50 = improvement since previous month 60 First rise in activity for 27 months 55 Near-stabilisation of employment 50 45 Sharpest rise in purchase costs since December 40 2016 35 30 '15 '16 '17 '18 '19 '20 '21 Data were collected 12-24 May 2021 Sources: Stanbic Bank, IHS Markit. Output returned to growth in the Zambian private sector meant that firms were able to work through backlogs during May, one month after the same had been the case during May. A modest reduction in outstanding business for new orders. New business ticked back down slightly was recorded, ending a two-month sequence of in the latest survey period, but there were further signs accumulation. that overall business conditions are more conducive to Employment was broadly stable, falling only fractionally growth than has been the case for some time. As a result, and at the joint-slowest pace in the current 16-month firms continued to expand their purchasing activity and sequence of decline. kept their staffing levels broadly unchanged. Firms meanwhile increased their purchasing activity The headline figure derived from the survey is the for the second month running, leading to a further Purchasing Managers’ Index™ (PMI™). Readings above accumulation of inventories as suppliers' delivery times 50.0 signal an improvement in business conditions on improved for the first time in 16 months. Firms reported the previous month, while readings below 50.0 show a that competition among suppliers had been behind deterioration.
    [Show full text]
  • Tanzania Financial Inclusion Products National Risk Assessment Report
    The United Republic of Tanzania Ministry of Finance and Planning NATIONAL MONEY LAUNDERING AND TERRORIST FINANCING RISK ASSESSMENT FINANCIAL INCLUSION PRODUCTS RISK ASSESSMENT REPORT DECEMBER 2016 0 TABLE OF CONTENTS TABLE OF CONTENTS ...................................................................................................................................... I DECLARATION ................................................................................................................................................... II ACRONYMS ....................................................................................................................................................... III EXECUTIVE SUMMARY ................................................................................................................................... VI 1. INTRODUCTION ......................................................................................................................................... 1 1.1. BACKGROUND .............................................................................................................................................. 1 1.2. WHAT IS FINANCIAL INCLUSION? ................................................................................................................. 1 1.3. OBJECTIVES OF PRODUCTS RISK ASSESSMENT IN FINANCIAL INCLUSION ................................................ 2 1.4. TANZANIA FINANCIAL SECTOR LANDSCAPE ...............................................................................................
    [Show full text]