Volume 2: Financials, Projects, and Portfolio
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Ecobank Group Annual Report 2018 Building
BUILDING AFRICA’S FINANCIAL FUTURE ECOBANK GROUP ANNUAL REPORT 2018 BUILDING AFRICA’S FINANCIAL FUTURE ECOBANK GROUP ANNUAL REPORT 2018 ECOBANK GROUP ANNUAL REPORT CONTENTS 05 Performance Highlights 08 Ecobank is the leading Pan-African Banking Institution 09 Business Segments 10 Our Pan-African Footprint 15 Board and Management Reports 16 Group Chairman’s Statement 22 Group Chief Executive’s Review 32 Consumer Bank 36 Commercial Bank 40 Corporate and Investment Bank 45 Corporate Governance 46 Board of Directors 48 Directors’ Biographies 53 Directors’ Report 56 Group Executive Committee 58 Corporate Governance Report 78 Sustainability Report 94 People Report 101 Risk Management 141 Business and Financial Review 163 Financial Statements 164 Statement of Directors’ Responsibilities 165 Auditors’ Report 173 Consolidated Financial Statements 178 Notes to Consolidated Financial Statements 298 Five-year Summary Financials 299 Parent Company’s Financial Statements 305 Corporate Information 3 ECOBANK GROUP ANNUAL REPORT 3 PERFORMANCE HIGHLIGHTS 5 ECOBANK GROUP ANNUAL REPORT PERFORMANCE HIGHLIGHTS For the year ended 31 December (in millions of US dollars, except per share and ratio data) 2018 2017 Selected income statement data Operating income (net revenue) 1,825 1,831 Operating expenses 1,123 1,132 Operating profit before impairment losses & taxation 702 700 Impairment losses on financial assets 264 411 Profit before tax 436 288 Profit for the year 329 229 Profit attributable to ETI shareholders 262 179 Profit attributable per share ($): Basic -
Bank Code Finder
No Institution City Heading Branch Name Swift Code 1 AFRICAN BANKING CORPORATION LTD NAIROBI ABCLKENAXXX 2 BANK OF AFRICA KENYA LTD MOMBASA (MOMBASA BRANCH) AFRIKENX002 3 BANK OF AFRICA KENYA LTD NAIROBI AFRIKENXXXX 4 BANK OF BARODA (KENYA) LTD NAIROBI BARBKENAXXX 5 BANK OF INDIA NAIROBI BKIDKENAXXX 6 BARCLAYS BANK OF KENYA, LTD. ELDORET (ELDORET BRANCH) BARCKENXELD 7 BARCLAYS BANK OF KENYA, LTD. MOMBASA (DIGO ROAD MOMBASA) BARCKENXMDR 8 BARCLAYS BANK OF KENYA, LTD. MOMBASA (NKRUMAH ROAD BRANCH) BARCKENXMNR 9 BARCLAYS BANK OF KENYA, LTD. NAIROBI (BACK OFFICE PROCESSING CENTRE, BANK HOUSE) BARCKENXOCB 10 BARCLAYS BANK OF KENYA, LTD. NAIROBI (BARCLAYTRUST) BARCKENXBIS 11 BARCLAYS BANK OF KENYA, LTD. NAIROBI (CARD CENTRE NAIROBI) BARCKENXNCC 12 BARCLAYS BANK OF KENYA, LTD. NAIROBI (DEALERS DEPARTMENT H/O) BARCKENXDLR 13 BARCLAYS BANK OF KENYA, LTD. NAIROBI (NAIROBI DISTRIBUTION CENTRE) BARCKENXNDC 14 BARCLAYS BANK OF KENYA, LTD. NAIROBI (PAYMENTS AND INTERNATIONAL SERVICES) BARCKENXPIS 15 BARCLAYS BANK OF KENYA, LTD. NAIROBI (PLAZA BUSINESS CENTRE) BARCKENXNPB 16 BARCLAYS BANK OF KENYA, LTD. NAIROBI (TRADE PROCESSING CENTRE) BARCKENXTPC 17 BARCLAYS BANK OF KENYA, LTD. NAIROBI (VOUCHER PROCESSING CENTRE) BARCKENXVPC 18 BARCLAYS BANK OF KENYA, LTD. NAIROBI BARCKENXXXX 19 CENTRAL BANK OF KENYA NAIROBI (BANKING DIVISION) CBKEKENXBKG 20 CENTRAL BANK OF KENYA NAIROBI (CURRENCY DIVISION) CBKEKENXCNY 21 CENTRAL BANK OF KENYA NAIROBI (NATIONAL DEBT DIVISION) CBKEKENXNDO 22 CENTRAL BANK OF KENYA NAIROBI CBKEKENXXXX 23 CFC STANBIC BANK LIMITED NAIROBI (STRUCTURED PAYMENTS) SBICKENXSSP 24 CFC STANBIC BANK LIMITED NAIROBI SBICKENXXXX 25 CHARTERHOUSE BANK LIMITED NAIROBI CHBLKENXXXX 26 CHASE BANK (KENYA) LIMITED NAIROBI CKENKENAXXX 27 CITIBANK N.A. NAIROBI NAIROBI (TRADE SERVICES DEPARTMENT) CITIKENATRD 28 CITIBANK N.A. -
World Bank Document
CONFIDENTIAL FOR RESTRICTED USE ONLY (NOT FOR USE BY THIRD PARTIES) Public Disclosure Authorized BOLIVIA FINANCIAL SECTOR NOTES Public Disclosure Authorized ASSESSING THE SECTOR’S POTENTIAL ROLE IN FOSTERING RURAL DEVELOPMENT AND GROWTH OF THE PRODUCTIVE SECTORS DECEMBER 2011 Public Disclosure Authorized THE WORLD BANK FINANCIAL AND PRIVATE SECTOR DEVELOPMENT VICE PRESIDENCY Public Disclosure Authorized LATIN AMERICA AND CARIBBEAN REGIONAL VICE PRESIDENCY i Table of Contents Executive Summary ...................................................................................................................................... 1 Chapter 1 Introduction ......................................................................................................................... 12 Chapter 2 Composition and depth of the financial system ................................................................... 15 2.1 A brief overview over the core players ....................................................................................... 15 2.2 Financial depth and level of financial inclusion – an international comparison ......................... 17 Chapter 3 Competition and financial soundness of the financial system ............................................. 25 3.1 Concentration and competition ................................................................................................... 25 3.2 Selected financial soundness indicators and potential vulnerabilities ........................................ 27 Chapter 4 The regulatory and supervisory -
Microcapital Monitor the CANDID VOICE for MICROFINANCE INVESTMENT
SEPTEMBER 2008 | VOLUME.3 ISSUE.9 MicroCapital Monitor THE CANDID VOICE FOR MICROFINANCE INVESTMENT MICROCAPITAL BRIEFS | TOP STORIES Peru’s Mibanco to Issue IPO, Aiming to Raise $15.5m INSIDE Page Shareholders of Peruvian microfinance lender Mibanco have agreed to raise up to the MicroCapital Briefs 2 equivalent of USD 15.5 million via an IPO, according to a regulatory report. Mibanco holds Microfinance news USD 740 million in assets and equity worth USD 70 million. September 22. 2008 Market Indicators 8 Dutch SNS Fundraising for Second Institutional Microfinance Fund Courtesy of the MIX SNS Asset Management (SAM) is reportedly fundraising for a successor to the SNS Institutional Microfinance Fund. The new fund, targeted at USD 140 million, was created in Upcoming Events 9 response to high demand from Dutch institutional investors. Run by Developing World Markets, it will invest 70 percent in microfinance institution debt and 30 percent in equity. Industry conferences Holding USD 28 billion in assets, SAM is a subsidiary of Dutch banking and insurance company SNS REAAL. The original SNS Institutional Microfinance Fund was the Pioneers in Microfinance company’s first fund dedicated to microfinance. September 8. 2008 Will return in October Nigerian Microfinance Banks to Set Up Interbank Market Paper Wrap-ups 10 Twenty-four microfinance banks and five discount houses in Nigeria are reportedly Latest research and reports establishing an interbank money market for the sub-sector. Such a market would allow banks to borrow and lend among one another, as well as provide opportunities to invest excess Monitor Subscriptions 11 funds and borrow to cover temporary liquidity shortfalls. -
Cash Country Service Listing April 2014
® WorldLink Payment Services Cash Country Service Listing April 2014 WorldLink® Cash payments is currently offered through Western Union and is thus required to follow the requirements and regulations of within the destination country of your beneficiary. Failure to meet those requirements will result in the payment being rejected. The information provided in the WorldLink Cash Country Service Listing includes updates sent to Western Union prior to:April 2014. The material contained in this Cash Country Service Listing is for informational purposes only, and is provided solely as a courtesy by WorldLink. Although WorldLink believes this information to be reliable, WorldLink makes no representation or warranty with respect to its accuracy or completeness. The information in this Cash Country Service Listing does not constitute a recommendation to take or refrain from taking any action, and WorldLink is not providing any tax, legal or other advice. Citigroup and its affiliates accept no liability whatsoever for any use of this material or any action taken based on or arising from anything contained herein. The information in this Cash Country Service Listing is subject to change at any time according to changes in local law. WorldLink is not obligated to inform you of changes to local law. Citibank Europe plc (“Citibank Europe”) may, at its discretion, reasonably modify or amend this Cash Country Service Listing from time to time, which modification or amendment will become binding when your organization receives a copy of it. These materials are confidential and proprietary to Citigroup or its affiliates and no part of these materials should be reproduced, published in any form by any means, electronic or mechanical including photocopy or any information storage or retrieval system nor should the materials be disclosed to third parties without our express written authorization. -
2. World Bank Group Assistance to Bolivia, Fy05–13
99361 Public Disclosure Authorized The Plurinational State of Bolivia Country Program Evaluation, FY05–13 Public Disclosure Authorized An Independent Evaluation Public Disclosure Authorized Public Disclosure Authorized © 2015 International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given. Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e- mail: [email protected]. ii Contents ABBREVIATIONS ................................................................................................................................. -
ALADI - LISTA DE ENTIDADES AUTORIZADAS a OPERAR POR EL CPCR (Datos Actualizados Al 16/03/2020
ALADI - LISTA DE ENTIDADES AUTORIZADAS A OPERAR POR EL CPCR (Datos actualizados al 16/03/2020 PAIS COD SICAP ENTIDAD PLAZA ARGENTINA 0014 BANCO BICA S.A. BUENOS AIRES ARGENTINA 0017 BANCO CENTRAL DE LA REPUBLICA ARGENTINA BUENOS AIRES ARGENTINA 0027 BANCO CREDICOOP COOPERATIVO LTDO. BUENOS AIRES ARGENTINA 0037 BANCO DE GALICIA Y BUENOS AIRES S.A. BUENOS AIRES ARGENTINA 0040 BANCO DE LA CIUDAD DE BUENOS AIRES BUENOS AIRES ARGENTINA 0042 BANCO DE LA NACION ARGENTINA BUENOS AIRES ARGENTINA 0043 BANCO DE LA PAMPA SOC.ECONOMIA MIXTA BUENOS AIRES ARGENTINA 0044 BANCO DE LA PROVINCIA DE BUENOS AIRES BUENOS AIRES ARGENTINA 0045 BANCO DE LA PCIA. DE CORDOBA S.A. BUENOS AIRES ARGENTINA 0047 BANCO DE FORMOSA S.A. BUENOS AIRES ARGENTINA 0055 BANCO DEL CHUBUT S.A. BUENOS AIRES ARGENTINA 0068 NUEVO BANCO DEL CHACO SA BUENOS AIRES ARGENTINA 0072 BANCO PROVINCIA DE TIERRA DEL FUEGO BUENOS AIRES ARGENTINA 0084 BBVA BANCO FRANCES S.A. BUENOS AIRES ARGENTINA 0094 BANCO ITAU ARGENTINA S.A. BUENOS AIRES ARGENTINA 0098 BANCO MARIVA S.A. BUENOS AIRES ARGENTINA 0100 BANCO PATAGONIA S.A. BUENOS AIRES ARGENTINA 0104 BANCO MUNICIPAL DE ROSARIO ROSARIO ARGENTINA 0118 BANCO SANTANDER RIO S.A. BUENOS AIRES ARGENTINA 0119 HSBC BANK ARGENTINA S.A. BUENOS AIRES ARGENTINA 0128 BANCO SUPERVIELLE S.A. BUENOS AIRES ARGENTINA 0135 BNP PARIBAS BUENOS AIRES ARGENTINA 0154 CITIBANK N.A. BUENOS AIRES ARGENTINA 0182 BANCO MACRO BANSUD S.A. BUENOS AIRES ARGENTINA 0209 BANCO DE INVERSION Y COMERCIO EXTERIOR S.A. BUENOS AIRES ARGENTINA 0222 BANCO CMF S.A. BUENOS AIRES ARGENTINA 0227 DEUTSCHE BANK S.A. -
Integrated Report & Financial Statements2017 2017 | Integrated Report & Financial Statements
INTEGRATED REPORT & FINANCIAL STATEMENTS2017 2017 | INTEGRATED REPORT & FINANCIAL STATEMENTS REPORT 2017 | INTEGRATED Family Bank Towers, Muindi Mbingu Street | P.O. Box 74145 - 00200, Nairobi, Kenya | Tel: 254-2-3252 445/0703095 445 Email: [email protected] | Website: www.familybank.co.ke 1 2 FAMILY BANK LIMITED INTEGRATED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 1 ABOUT THE INTEGRATED REPORT AND AUDITED FINANCIAL STATEMENTS 2017 Family Bank Limited is pleased to present its annual Integrated Report, which covers the period from 1 January 2017 to 31 December 2017. This report contains comprehensive information of our financial performance, stakeholders, governance, material issues, risks and opportunities and how these influence our strategic initiatives. In this report, Family Bank demonstrates how we create and sustain value through our business. This report is compiled and presented in accordance with the Corporate Governance Guidelines and Codes of Conduct prescribed by the Central Bank of Kenya, the Corporate Governance Guidelines of the Capital Markets Authority (CMA), the Continuing Listing Obligations of the CMA as required by the Nairobi Securities Exchange and the Global Reporting International (GRI). We have implemented the framework as far as practical and our approach to integrated reporting will continue to evolve over time, in line with the framework. Our Annual Financial Statements were prepared in accordance with International Financial Reporting Standards (IFRS) and the requirements of the Companies Act, 2015. We received external assurance from our auditor, PWC Kenya on the fair presentation of these annual financial statements. See the Independent Auditor’s Report on pages 58 to 61. -
IFC Deal Query Based on IFC Investment Services Projects
IFC Deal Query Based on IFC Investment Services Projects Date Disclosed Project Name Project Number Product Line 07/23/2021 DCM UBP Social Bond 44900 Loan 07/07/2021 RATCH Loan 43901 Loan 07/01/2021 HDFC II 44139 Loan 06/30/2021 Erste_CRO_MREL 44745 Loan 06/30/2021 OCB green loan 43733 Loan 06/30/2021 Aspen Pharmacare 45174 Loan 06/29/2021 PSL - Ultratech 45146 Loan 06/28/2021 Banco BV SEF Credit Line 43661 Loan 06/24/2021 CTP Bond 44887 Loan 06/23/2021 WCS COVID NMBTZ 44080 Loan 06/22/2021 NSG RSE FACILITY 45366 Loan 06/15/2021 Axian Togo 44666 Loan Page 1 of 1315 09/29/2021 IFC Deal Query Based on IFC Investment Services Projects Company Name Country Sector UNION BANK OF THE Philippines Financial Institutions PHILIPPINES RH INTERNATIONAL Thailand Infrastructure (SINGAPORE) CORPORATION PTE. LTD. HOUSING DEVELOPMENT India Financial Institutions FINANCE CORPORATION LIMITED ERSTE & Croatia Financial Institutions STEIERMARKISCHE BANK D. D. ORIENT COMMERCIAL Vietnam Financial Institutions JOINT STOCK BANK ASPEN FINANCE South Africa other PROPRIETARY LIMITED PRECIOUS SHIPPING Thailand Infrastructure PUBLIC COMPANY LIMITED BANCO VOTORANTIM S.A. Brazil Financial Institutions CTP N.V. Central Europe Region other NMB BANK PLC Tanzania Financial Institutions NSG UK ENTERPRISES Argentina Manufacturing LIMITED LA SOCIETE HOLDING Togo Telecommunications, Media, and Technology Page 2 of 1315 09/29/2021 IFC Deal Query Based on IFC Investment Services Projects Environmental Category Department Status FI-2 Regional Industry - FIG Asia & Pac Active B Regional -
IFC Financials, Projects, and Portfolio 2010
IFC Financials, Projects, and Portfolio 2010 TABLE OF CONTENTS 2 Management’s Discussion and Analysis 2 Overview 3 Financial Summary 6 Client Services 12 Treasury Services 15 Enterprise Risk Management 22 Critical Accounting Policies 24 Results of Operations 31 Governance 33 Consolidated Financial Statements and Internal Control Reports 33 Management’s report regarding effectiveness of internal control over external fi nancial reporting 35 Independent Auditors’ report on management’s assertion regarding effectiveness of internal control over external fi nancial reporting 37 Consolidated balance sheets 38 Consolidated income statements 39 Consolidated statements of comprehensive income 40 Consolidated statements of changes in capital 41 Consolidated statements of cash fl ows 43 Consolidated statement of capital stock and voting power 44 Notes to consolidated fi nancial statements 88 Independent Auditors’ Report 89 Project Commitments 90 Europe & Central Asia 94 East Asia and the Pacifi c 96 Latin America and the Caribbean 102 Middle East and North Africa 104 South Asia 106 Sub-Saharan Africa 112 Global 114 Investment Portfolio 114 Statement of Cumulative Gross Commitments 118 Company Listing also plays a catalytic role in mobilizing additional funding from other investors and lenders, either through cofi nancing or through Management’s loan participations, underwritings, and guarantees. In addition to project fi nance, corporate lending and resource mobilization, IFC offers an array of fi nancial products and advisory services to pri- Discussion vate businesses in the developing world with a view to fulfi lling its developmental mission. It also advises member governments on how to create an environment hospitable to the growth of private enterprise and foreign investment. -
Credit Bureaus and the Rural Microfinance Sector: Peru, Guatemala, and Bolivia
Credit Bureaus and the Rural Microfinance Sector: Peru, Guatemala, and Bolivia A joint project between The University of California at Berkeley and The FAO Office for Latin America December 8, 2003 Teams of participants University of California at Berkeley Alain de Janvry Elisabeth Sadoulet Craig McIntosh (University of California at San Diego) Bruce Wydick (University of San Francisco) Jill Luoto (University of San Francisco) FAO Office for Latin America Gustavo Gordillo Guilherme Schuetz Country teams Peru: Martin Valdivia and Jonathan Bauchet (Grupo de Análisis para el Desarrollo)) Guatemala: Carlos Enrique Herrera Bolivia: Rémy Kormos Presentation Credit markets are notably imperfect, and most notably for the rural poor. The result is that a vast majority of rural households are excluded from financial services, reproducing their lack access to sources of income and to sources of protection from income shocks. The imperfect nature of credit markets comes from the fact that loans are transactions over time occurring under imperfect information between lender and borrower. This creates four problems that need to be solved for a loan transaction to occur: Adverse selection in recognizing borrower types. Moral hazard in project choice and management by borrowers. Need for insurance by borrowers to limit personal exposure. Moral hazard in loan repayment. The consequence of these difficulties is that formal lenders require the pledging of collateral. As a consequence, credit markets are both wealth constrained, which severely limits access for the poor, and risk constrained as the poor cannot expose collateral to risk even if they have collateral to pledge such as title over a house or a plot of land. -
Global Finance Announces the Winners' Circle a Ranking of the Top
Global Finance announces The Winners' Circle The reach of Global Finance A ranking of the Top Winners of our Annual Awards Global Finance, founded in over the magazine's 25-year history 1987, has a circulation of 50,050 and readers in 163 countries. Its circulation is audited by BPA. Global NEW YORK, June 4, 2012 – Global Finance magazine is proud to announce The Winners' Circle – the Top Winners from 25 years of the magazine's annual awards Finance’s audience includes program. chairmen, presidents, CEOs, CFOs, treasurers and other “The world has changed dramatically since Global Finance first appeared in 1987. Global senior financial officers respon- financial markets have undergone a seismic shift, and the firms and individuals that made sible for making investment it into our Winners' Circle are those that have shown their true mettle and transformed and strategic decisions at themselves to meet the demands of a changing environment," says Global Finance’s publisher, Joseph D. Giarraputo. “We recognize these firms and individuals for their multinational companies and outstanding accomplishments over the past 25 years.” Global Finance’s annual awards financial institutions. Global program is a recognized and trusted standard for the entire financial world. Finance also targets the 8,000 international portfolio investors A full report on the winners will appear in the Special Commemorative 25th Anniversary responsible for more than Issue, released on June 25th, 2012. Award tallies are calculated to June 2012 issue. To compile the winners, we tallied winners/those taking first place over all of the years that a 80% of all global assets under particular award was given.