TAMWEEL AFRICA HOLDING S.A.
Abdullah Çelik Chief Executive Officer Asya Katılım Bankası A.Ş. BANK ASYA (Million USD) TOTAL ASSETS
9,017 10,000
9,000
8,000
7,000
6,000 4,253
5,000
4,000
3,000 1,369
2,000
1,000
- 2005 2008 2011 BANK ASYA (Million USD) TOTAL CREDITS
11,959
12,000 8,705 10,000
8,000
6,000 3,149 4,000
2,000
- 2005 2008 2011 BANK ASYA (Million USD) TOTAL DEPOSITS
6,502 7,000
6,000 5,000 3,065 4,000 3,000 1,127 2,000
1,000
- 2005 2008 2011 TAMWEEL AFRICA HOLDING S.A.
A corporation of perfect cooperation between
Islamic Development Bank
Islamic Corporation for the Development of the Private Sector
Asya Katılım Bankası A.Ş. History
With the aim of promoting Islamic finance in Africa region, in 2009, IDB and the Islamic Corporation for the Development of the Private Sector (ICD) became majority shareholder of Islamic Bank of Senegal, Islamic Bank of Niger and Islamic Bank of Guinea following the acquisition of shares of these banks with the ambition to launch more banks in the region.
Partnership
In order to pool these investments, ICD created Tamweel Africa Holding SA (TAH) as a structure with management rights of the affiliates and by the end of 2009 entered into a strategic partnership with Bank Asya the leading Islamic bank in Turkey, while also IDB continued to be a shareholder in the Banks. Corporate Structure
Tamweel Africa Holding S.A. has been incorporated in the Republic of Senegal with its head office located in Dakar, whose mission is to promote Islamic Finance in Africa by building modern, dynamic and strong Sharia compliant banks as a key contributor to socio-economic development in the countries in which it operates. ICD BANKASYA
60 % 40 %
100% 50.1% 50.05% 68.7%
MAURİTANİA GUİNEA NİGER SENEGAL
49.9% 49.88% 09%
ISLAMIC DEVELOPMENT BANK
0.07% 22.2%
LOCAL GOVERNMENT Investors
Tamweel Africa Holding S.A. follows a partnership approach based on the complementing strength of ICD and Bank Asya.
Corporate Governance
Tamweel Africa Holding S.A.’s role is to set a common strategic direction for affiliates and monitor their performance to ensure that the Group objectives’ are being met, through a skillful Board of Directors and expert comities of bankers and scholars to provide technical support of high-level banking and the know- how of Islamic Finance. A SUCCESS STORY OF BANKING
Affiliates of Tamweel Africa Holding Islamic Bank of Senegal Islamic Bank of Niger Islamic Bank of Guinea became top players of the countries,
Islamic Bank of Moritania established a very short period of time TAMWELL AFRICA HOLDING (Million EUR) TOTAL ASSETS
347 350
300 259
250 199 200 155 150 105 100 75
35 37 50 16 14 21 23 17 - - - 2009 2010 2011
MAURITANIA GUINEA NIGER SENEGAL TOTAL TAMWELL AFRICA HOLDING (Million EUR) TOTAL CREDITS
450 415
400 343 350
300
250
200 142 150 122
70 100 54 29 38 50 14 15 - 3 - 4 6 - 2009 2010 2011
MAURITANIA GUINEA NIGER SENEGAL TOTAL TAMWELL AFRICA HOLDING (Million EUR) TOTAL DEPOSITS
233 250
186 200
130 150 100 78 100 57
27 50 15 19 12 9 15 - - 1 - 2009 2010 2011
MAURITANIA GUINEA NIGER SENEGAL TOTAL TAMWEEL AFRICA HOLDING (2012)
Islamic Bank Islamic Islamic Islamic of Bank Bank Bank Senegal of of of Niger Guinea Mauritania Number of Branches 13 6 3 2 Number of Personnel 121 55 53 23 Number of Customer 8690 6794 4760 750 Objectives
– All the banks operating in accordance with Sharia rules
– Providing customers with a wide range of competitive and high quality Sharia compliant products and services
– Gaining significant market share in terms of credit and deposits
– Creating an exciting and appealing work environment to attract top talent and be recognized as an employer of choice in the banking sector.
– Creating significant value for the region
– Expanding through more banks to other African countries