Mobilization of Private Finance 2017
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What Happens to Microfinance Clients Who Default?
What Happens to Microfinance Clients who Default? An Exploratory Study of Microfinance Practices January 2015 LEAD AUTHOR Jami Solli Keeping clients first in microfinance CONTRIBUTORS Laura Galindo, Alex Rizzi, Elisabeth Rhyne, and Nadia van de Walle Preface 4 Introduction 6 What are the responsibilities of providers? 6 1. Research Methods 8 2. Questions Examined and Structure of Country Case Studies 10 Country Selection and Comparisons 11 Peru 12 India 18 Uganda 25 3. Cross-Country Findings & Recommendations 31 The Influence of Market Infrastructure on Provider Behavior 31 Findings: Issues for Discussion 32 Problems with Loan Contracts 32 Flexibility towards Distressed Clients 32 Inappropriate Seizure of Collateral 33 Use of Third Parties in Collections 34 Lack of Rehabilitation 35 4. Recommendations for Collective Action 36 ANNEX 1. Summary of Responses from Online Survey on Default Management 38 ANNEX 2. Questions Used in Interviews with MFIs 39 ANNEX 3. Default Mediation Examples to Draw From 42 2 THE SMART CAMPAIGN Acknowledgments Acronyms We sincerely thank the 44 microfinance institutions across Peru, AMFIU Association of Microfinance India, and Uganda that spoke with us but which we cannot name Institutions of Uganda specifically. Below are the non-MFIs who participated in the study ASPEC Asociacion Peruana de as well as those country experts who shared their knowledge Consumidores y Usuarios and expertise in the review of early drafts of the paper. BOU Bank of Uganda Accion India Team High Mark India MFIN Microfinance Institutions -
Final-Actis Inreview Lores Single.Pdf
Actis in review 2013 The positive power of capital Contents 03 Where we are now 08 Portfolio at work Banque Commerciale du Rwanda 10 Portfolio at work Garden City 13 Actis at a glance 14 Portfolio at work Bellagio 17 Portfolio at work Globeleq Mesoamerica Energy 20 Portfolio at work Asiri Group 23 Portfolio at work AGS 26 Regions and sectors 28 Investments 29 Investors 30 Portfolio companies 34 The team São Paulo, Brazil Welcome This report summarises the events and achievements of Actis in the last twelve months. Whether we are sharing the story of the Rwandan bank in which we invested nearly a decade ago, or the ATM chain rolling out across India, the tale we tell is of strong businesses, in attractive sectors, in some of the most populous and dynamic parts of the world. Our goal is to give you a sense of the breadth of our work, and the depth of our expertise. Providing insight into the energy and promise of those high growth markets which have already begun to define this century. I hope you enjoy reading this year’s annual review. Paul Fletcher Senior Partner Accra, Ghana Where we are now If the financial meltdown corporate governance, health and safety, labour law, and environmental and social practices. of August 2008 taught They must also be highly profitable. us anything it is that Our investment professionals have this in mind everything connects. The from the first dollar and day of the investment. Everything they do is focused on creating value. fortunes of a Manhattan Their work is supplemented by a dedicated team of in-house consultants who do nothing but headquartered bank, a implement best practices, and share what they know works from their past experiences in the string of late night phone same sectors. -
Review of Research Impact Factor : 5.7631(Uif) Ugc Approved Journal No
Review Of ReseaRch impact factOR : 5.7631(Uif) UGc appROved JOURnal nO. 48514 issn: 2249-894X vOlUme - 8 | issUe - 5 | feBRUaRY - 2019 __________________________________________________________________________________________________________________________ A STUDY ON “PAYMENT BANKING IN DIGITAL AND FINANCIAL INCLUSION THROUGH LEADING –SOCIAL ADVANCEMENT INITIATIVES” Prof. K. M. Mahesh1 and Dr. K .Manjunath2 1Research Scholar at Dravidian University, Kuppam,AP & Principal, Sri Bhagawan Mahaveer Jain Evening College, V.V.PURAM,Bangalore. 2Research Supervisor , Associate Professor Department of Commerce and Management Seshadripuram college Bangalore. ABSTRACT : The Payment Banks (PBS), which offerselectronic remittances, financial advisory, online banking and more,offerimmediate value to unbanked consumers.They are designed to improve social Culture,through Digital and Financial Inclusion. Payment Bank(PBS) will lead the Social advancement in terms of living standardwhen society uses the skill fullest,that society will prosper,it makes society upward movement.The Demonetizationand Digitation are given scope for innovating techniques of banking payment system. The concept of payments banks was first proposed by a Reserve Bank of India (RBI) committee onComprehensive Financial Services for Small Businesses and Low- Income Households. led by board member Nachiket Mor. Payment Banks (PBS) will help in promoting financial inclusion, or the process of spreading banking services is critical in India, where more than half of the adult population still do not have access to banking services. Through the Payment Banks (PBS)promoting 5 A’s of FinancialInclusion in cashless payment: Availability,Accessibility,Acceptability, Affordability, and Awareness. The Jan Dhan Aadhaar Mobile (JAM),Swiping ePoS and MicroATMswill help people to get digital transaction Awareness. KEYWORDS : Payment Banks, Financial inclusion, Reserve Bank of India (RBI), Social advancement and Digitation. -
Digital Access: the Future of Financial Inclusion in Africa Acronyms
DIGITAL ACCESS: THE FUTURE OF FINANCIAL INCLUSION IN AFRICA ACRONYMS ADC Alternative Delivery Channel ISO International Organization for Standardization AFSD African Financial Sector Database IT Information Technology ARPU Average Revenue Per User KES Kenyan Shilling API Application Programming Interface KPI Key Performance Indicator ATM Automated Teller Machine KYC Know Your Customer B2P Business to Person LAPO MfB Lift Above Poverty Organization BCEAO Central Bank of West Africa (Banque Centrale Microfinance Bank des Etats de l’Afrique de l’Ouest) M-banking Mobile Banking BOI Banking Operations Intermediary M-wallet Mobile Wallet BVN Bank Verification Number MFI Microfinance Institution CEO Chief Executive Officer MM Mobile Money CBA Commercial Bank of Africa MSME Micro, Small and Medium Enterprise CBN Central Bank of Nigeria MTN Mobile Telephone Network CFA West African Franc, or Central African Franc MNO Mobile Network Operator CGAP Consultative Group to Assist the Poor MVNO Mobile Virtual Network Operator CRM Customer Relationship Management NFC Near Field Communication DFS Digital Financial Services OTC Over the Counter DJ Disc Jockey P2B Person to Business DVD Digital Versatile Disc P2P Person to Person E-banking Electronic Banking PC Personal Computer EFT Electronic Funds Transfer PIN Personal Identification Number EMI e-Money Issuer POS Point of Sale E-money Electronic Money PSP Payment Service Provider E-wallet Electronic Wallet E-warehousing Electronic Warehousing QR Quick Response FCMB First City Monument Bank RCT Randomized -
Absa Bank 22
Uganda Bankers’ Association Annual Report 2020 Promoting Partnerships Transforming Banking Uganda Bankers’ Association Annual Report 3 Content About Uganda 6 Bankers' Association UBA Structure and 9 Governance UBA Member 10 Bank CEOs 15 UBA Executive Committee 2020 16 UBA Secretariat Management Team UBA Committee 17 Representatives 2020 Content Message from the 20 UBA Chairman Message from the 40 Executive Director UBA Activities 42 2020 CSR & UBA Member 62 Bank Activities Financial Statements for the Year Ended 31 70 December 2020 5 About Uganda Bankers' Association Commercial 25 banks Development 02 Banks Tier 2 & 3 Financial 09 Institutions ganda Bankers’ Association (UBA) is a membership based organization for financial institutions licensed and supervised by Bank of Uganda. Established in 1981, UBA is currently made up of 25 commercial banks, 2 development Banks (Uganda Development Bank and East African Development Bank) and 9 Tier 2 & Tier 3 Financial Institutions (FINCA, Pride Microfinance Limited, Post Bank, Top Finance , Yako Microfinance, UGAFODE, UEFC, Brac Uganda Bank and Mercantile Credit Bank). 6 • Promote and represent the interests of the The UBA’s member banks, • Develop and maintain a code of ethics and best banking practices among its mandate membership. • Encourage & undertake high quality policy is to; development initiatives and research on the banking sector, including trends, key issues & drivers impacting on or influencing the industry and national development processes therein through partnerships in banking & finance, in collaboration with other agencies (local, regional, international including academia) and research networks to generate new and original policy insights. • Develop and deliver advocacy strategies to influence relevant stakeholders and achieve policy changes at industry and national level. -
List of Certain Foreign Institutions Classified As Official for Purposes of Reporting on the Treasury International Capital (TIC) Forms
NOT FOR PUBLICATION DEPARTMENT OF THE TREASURY JANUARY 2001 Revised Aug. 2002, May 2004, May 2005, May/July 2006, June 2007 List of Certain Foreign Institutions classified as Official for Purposes of Reporting on the Treasury International Capital (TIC) Forms The attached list of foreign institutions, which conform to the definition of foreign official institutions on the Treasury International Capital (TIC) Forms, supersedes all previous lists. The definition of foreign official institutions is: "FOREIGN OFFICIAL INSTITUTIONS (FOI) include the following: 1. Treasuries, including ministries of finance, or corresponding departments of national governments; central banks, including all departments thereof; stabilization funds, including official exchange control offices or other government exchange authorities; and diplomatic and consular establishments and other departments and agencies of national governments. 2. International and regional organizations. 3. Banks, corporations, or other agencies (including development banks and other institutions that are majority-owned by central governments) that are fiscal agents of national governments and perform activities similar to those of a treasury, central bank, stabilization fund, or exchange control authority." Although the attached list includes the major foreign official institutions which have come to the attention of the Federal Reserve Banks and the Department of the Treasury, it does not purport to be exhaustive. Whenever a question arises whether or not an institution should, in accordance with the instructions on the TIC forms, be classified as official, the Federal Reserve Bank with which you file reports should be consulted. It should be noted that the list does not in every case include all alternative names applying to the same institution. -
Terminal Report
TERMINAL REPORT OF ESTABLISHMENT aOr'IITTEE OF THE, ILGANDA AC" TL A FINANCGE' AGENOY Ju'lyv 1987 CONTENT'S Page Background I Up-dating: June 1985 UAFA Document 1 cN'nership Structure 2 Capital i.sation 2 Memorandum and Articles of Association 4 UAFA B,-anch locations Lnd Expansion Plan 4 Casht'low and brea-e, n budgets for UAFA 5 Management and Systems Manuals 5 Automation of L'AA management Systems 6 Agricultural Input S tuazion Studies 7 Cost of PRoduction Studies (Farnnmodels) 7 Farmer profile studws 8 Training 8 Concluding Remarks 9 Annexes 1 Te.rn-3 of Referenceof the Es'tbablishment Comittee. 2. Itinerary oz' the Establishment Committee. 3. List of Members of the Est~b'ishimnt bomittee. TERMINAL REPORT OF THE ESTABLISHMENT COMMITTEE OF THE UGANDA AGRICULTURAL FINANCIA. AGENCY (UAFA) July 1987 THE RACKGROUND The Board of Directors of the Bank of Uganda approved establishment of the UAF in December 1985. Following that decision of the Bank at its meeting Management in March 1986 detailed its Development Finance Department to provde leadership for organizing and facilitating the settng up of UAFA by opening up a desk within the Department for that purpose. At Lhe Departmental meeting held on March 27, 1986, a nucleus committee tas established under the chairmanship of J. Nsereko to work in detail the modalities out of establishing UAFA as a corporate entity. Specific terms of reference of the committee are annexed to this report. Between April 1986 and March 1987, the commnittee he~d twenty four working meetinzs and the product. of that effort constitutes this report. -
National Pensions Regulatory Authority
NATIONAL PENSIONS REGULATORY AUTHORITY NPRA PUBLIC NOTICE á LIST OF REGISTERED PENSIONS FUND CUSTODIANS THAT HAVE FULFILLED THE PRESCRIBED REQUIREMENTS OF THE AUTHORITY FOR THE 2020 AUTHORISATION PROCESS. THE LICENCES ARE VALID UNTIL 31ST JULY, 2021 LICENCE / TELEPHONE NO. NAME OF SERVICE PROVIDER REGISTRATION PHYSICAL ADDRESS CONTACT PERSON NUMBERS NO. 1. Prudential Bank Limited FC12007 8 John Hammond Seth Kyeremeh 0244-762652 Street, Ring Road Central, Accra 2. Access Bank Ghana Limited FC20002 Starlets '91 Road Franklin Ayensu- 0244-128163 Opposite Accra Nyarko Sports Stadium, Osu 3. First National Bank Ghana FC20001 6th Floor Accra Hilda Esenam 0242-435156 Limited Financial Centre, Odame-Gyenti 0501-632441 Liberia Road. 4. Agricultural Development FC12005 Accra Financial Elorm Aidam 0244-253181 Bank Centre, 3rd Ambassadorial Development Area, Ridge-Accra 5. GCB Bank Limited FC18002 No. 2 Thorpe Road, John Ekow 0557-410577 Accra Appiah-Sam 6. Ecobank Ghana Limited FC12001 Ecobank Ghana Albert Amekugee 0244-427476 Head Office, Accra 7. Zenith Bank Ghana Limited FC12013 31 Independence Alvin Abbah-Foli 0242-729012 Avenue, Accra Website: www.npra.gov.gh , e-mail: [email protected] “Ensuring Retirement Income Security” NATIONAL PENSIONS REGULATORY AUTHORITY NPRA PUBLIC NOTICE á LICENCE / TELEPHONE NO. NAME OF SERVICE PROVIDER REGISTRATION PHYSICAL ADDRESS CONTACT PERSON NUMBERS NO. 8. Republic Bank Ghana FC12006 No 48A Sixth Audrey Smith 0208-737616 Limited Avenue, North Dadzie Ridge, Accra 9. Fidelity Bank Ghana Limited FC12011 1st Floor, Ridge Rebecca Gyebi 0544-338784 Towers, Accra Elias Augustine 0576-036467 Dey 10. Guaranty Trust Bank FC12008 25A Castle Road Michael Yevu 0504-100158 (Ghana) Limited Ambassadorial Area, Ridge, Accra 11. -
Bank Supervision Annual Report 2019 1 Table of Contents
CENTRAL BANK OF KENYA BANK SUPERVISION ANNUAL REPORT 2019 1 TABLE OF CONTENTS VISION STATEMENT VII THE BANK’S MISSION VII MISSION OF BANK SUPERVISION DEPARTMENT VII THE BANK’S CORE VALUES VII GOVERNOR’S MESSAGE IX FOREWORD BY DIRECTOR, BANK SUPERVISION X EXECUTIVE SUMMARY XII CHAPTER ONE STRUCTURE OF THE BANKING SECTOR 1.1 The Banking Sector 2 1.2 Ownership and Asset Base of Commercial Banks 4 1.3 Distribution of Commercial Banks Branches 5 1.4 Commercial Banks Market Share Analysis 5 1.5 Automated Teller Machines (ATMs) 7 1.6 Asset Base of Microfinance Banks 7 1.7 Microfinance Banks Market Share Analysis 9 1.8 Distribution of Foreign Exchange Bureaus 11 CHAPTER TWO DEVELOPMENTS IN THE BANKING SECTOR 2.1 Introduction 13 2.2 Banking Sector Charter 13 2.3 Demonetization 13 2.4 Legal and Regulatory Framework 13 2.5 Consolidations, Mergers and Acquisitions, New Entrants 13 2.6 Medium, Small and Micro-Enterprises (MSME) Support 14 2.7 Developments in Information and Communication Technology 14 2.8 Mobile Phone Financial Services 22 2.9 New Products 23 2.10 Operations of Representative Offices of Authorized Foreign Financial Institutions 23 2.11 Surveys 2019 24 2.12 Innovative MSME Products by Banks 27 2.13 Employment Trend in the Banking Sector 27 2.14 Future Outlook 28 CENTRAL BANK OF KENYA 2 BANK SUPERVISION ANNUAL REPORT 2019 TABLE OF CONTENTS CHAPTER THREE MACROECONOMIC CONDITIONS AND BANKING SECTOR PERFORMANCE 3.1 Global Economic Conditions 30 3.2 Regional Economy 31 3.3 Domestic Economy 31 3.4 Inflation 33 3.5 Exchange Rates 33 3.6 Interest -
AGYAKWA KUSI SENIOR.Pdf
KWAME NKRUMAH UNIVERSITY OF SCIENCE AND TECHNOLOGY KUMASI COLLEGE OF ARTS AND SOCIAL SCIENCES DEPARTMENT OF ACCOUNTING AND FINANCE SCHOOL OF BUSINESS THE EFFECT OF LOAN DEFAULT ON THE PROFITABILITY OF COMMERCIAL BANKS IN GHANA By AGYAKWA KUSI SENIOR. (BA. ECONOMICS) (PG9613313) A thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the degree of MASTERS OF BUSINESS ADMINISTRATION (FINANCE OPTION) JULY, 2015 1 DECLARATION I hereby declare that this submission is my own work towards the Masters of Business Administration (Finance Option) Degree and that, to the best to my knowledge, it contains no material previously published by another person nor material which has been accepted for the award of any other degree of the University, except where due acknowledgement has been made in the text. Agyakwa Kusi Senior ………………………………… ………………… (PG9613313) Signature Date Certified by: Michel Adusei ………………………………... ……………….. Supervisor Signature Date Certified by: Dr. K.O. Appiah ………………………………. ……………….. Head of Department Signature Date i ABSTRACT The focus of this study was to ascertain the effects of loan default on the profitability of commercial banks in Ghana. Secondary data in the form of end of year financial statements from 2007 to 2014 was acquired from four commercial banks in Ghana (UT bank, Ecobank, CAL bank and Fidelity bank,. The Ordinary Least Square regression was employed to estimate the effect of loan default on profitability. It was discovered from the OLS results that, loan default, cost income ratio, total revenue and liquidity ratio were statistically significant. The liquidity risk was not statistically significant. -
Bank of India (Uganda) Ltd Application for Opening an Account
Bank of India (Uganda) Ltd Application for opening an account Date: / / Customer ID No. Account No. (UGX): Account No. (USD): I / We hereby request Bank of India (Uganda) Limited to open following accounts with the following details. Type of A/c’s (Tick whichever is appropriate); Saving A/c Current A/c Fixed Deposit A/c Recurring Deposit A/c Currency Type (Tick whichever is appropriate); Ugandan Shillings USD GBP EUR Other (specify) For this purpose I / We supply the following information: Name of the Account: Mr /Mrs /Ms /Dr /M/s; ____________________________________ _______________________________________________________________________________________ CONSTITUTION INDIVIDUAL SINGLE JOINT COMPANY PUBLIC (LISTED/UNLISTED) PRIVATE (LISTED/UNLISTED) FIRM SOLE PROPRIETORSHIP PARTNERSHIP TRUST/SOCIETY PERSONAL DETAILS No First Name Middle Name Last Name 1 2 3 4 1 Date of Birth: 2 Date of Birth: 3 Date of Birth: 4 Date of Birth: ------/-------/----------- -------/-------/---------- ------/------/---------- -----/------/------------- Marital Status: Single Married Other (Specify) ________________ 1 Nationality: 2 Nationality: 3 Nationality: 4 Nationality: ----------------------- ------------------------ ---------------------- ------------------------ WORK DETAILS/OCCUPATION OCCUPATION/NATURE OF BUSINESS: EMPLOYER’S NAME: EMPLOYER’S ADDRESS: CONTACT DETAILS/ADDRESS NO CORRESPONDENCE ADDRESS PERMANT ADDRESS OFFICE ADDRESS 1 2 3 4 TELEPHONE NUMBERS/EMAIL ADDRESS NO MOBILE RESIDENTIAL OFFICE/FAX EMAIL 1 2 3 4 IDENTIFICATION PARTICULARS NO PASSPORT NO. DRIVING PERMIT NO. VOTER’S CARD NO. NSSF NO. 1 2 3 4 ISSUED BY: ISSUE DATE:____/____/______ EXPIRY DATE:____/____/_______ TIN NUMBER/ REGISTRATION NO: Do you have any other Bank Account(s) with Bank of India (U) Limited? Yes No NO ACCOUNT NUMBER BRANCH DETAILS OF CREDIT FACILITIES(IF ANY) 1 2 3 4 ACCOUNT FACILITIES REQUIRED 1) Cheque Book; Yes No {No. -
Bank Recapitalization and Market Concentration in Ghana's Banking
GLOBAL JOURNAL OF BUSINESS RESEARCH ♦ VOLUME 7 ♦ NUMBER 3 ♦ 2013 BANK RECAPITALIZATION AND MARKET CONCENTRATION IN GHANA’S BANKING INDUSTRY: A HERFINDAHL-HIRSCHMAN INDEX ANALYSIS Samuel Yaw Akomea, Kwame Nkrumah University of Science and Technology, Ghana Michael Adusei, Kwame Nkrumah University of Science and Technology, Ghana ABSTRACT Using Concentration Ratio and Herfindahl-Hirschman Index techniques, the paper investigates the concentration levels of the banking industry in Ghana and forecasts the future concentration levels of the industry should consolidations triggered by the new bank recapitalization policy occur in the industry. The study finds that the HHI indices provide evidence for the contention that for the past eight years the banking industry in Ghana has been highly competitive with no signs of concentration. Evidence also exists to underpin the conclusion that any consolidation of four banks or less stimulated by the new bank recapitalization policy will not upset the existing market concentration. However, consolidation of five or more banks will culminate in high concentration which will be inimical to the interest of customers. The paper, therefore, recommends that, all things being equal, policy makers should permit consolidation of four or less banks if that is the only way the banks will meet the new bank recapitalization requirement. JEL: D40, D41, E02, G21 KEYWORDS: Banking, Market Concentration, Herfindahl-Hirschman Index, Ghana INTRODUCTION riven, ostensibly, by the desire to promote prudent management of banks in Ghana, the Bank of Ghana introduced a bank recapitalization policy in 2007. In this policy, universal banks operating D in Ghana were required to recapitalize from GH¢ 7 million to GH¢ 60 million (approximately US$ 60 million at the time) by the end of 2012.