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BANKING for IMPACT a Historical Review of Our Partner Financial Institutions, Their Business Models and Key Developments
WHITE PAPER NOVEMBER 2018 BANKING FOR IMPACT A historical review of our partner financial institutions, their business models and key developments This publication follows of a series of white papers produced by Symbiotics intended to share market intelligence on different topics related to microfinance, financial inclusion and impact investing. Building on our track record of partnering with financial institutions in emerging and frontier markets, we have prepared this paper in order to trace the evolution of the financial inclusion sector. The paper thus offers a broad understanding of the specificities and differences that exist between financial institutions of different regions, types and size. This paper was written by Ramkumar Narayanan. A special thanks to Roland Dominicé, Brendan Mackinnon and Marina Parashkevova Holmegaard for their valuable contributions, as well as to Patrick d’Huart, Duncan Frayne, Vincent Lehner, Yvan Renaud, Jérôme Savelli and Sebastian Sombra for their review and market expertise insights. The publication was proofread by Danielle Carpenter and designed by James Atkins Design Ltd and Pierre Weber. Legal Disclaimer This paper contains general information only. Symbiotics is not by means of this paper rendering professional advice or services. The content of this paper is meant for research purposes, with an aim to broaden and deepen the understanding of financial inclusion in emerging and frontier markets. This paper refers to specific figures, outcomes and performances. Such references are made for research purposes only and are not intended as a solicitation or recommendation to buy or sell any specific investment product or services. Similarly, the information and opinions expressed in the text have been obtained from sources believed to be reliable and in good faith, reflecting the view of the authors on the state of the industry or on the firm’s practice, but no representation or warranty, expressed or implied, is made as to its accuracy or completeness. -
Knowledge Exchange and Data Networking And
- ACCELERATING FINANCE FOR BUSINESSES - KNOWLEDGE EXCHANGE AND DATA NETWORKING AND CONVENING ADVOCACY AND POLICY CHANGE The SME Finance Forum has over 100 members from 42 countries Members by % % % % Organization 52 26 11 11 Financial Fintech Development Associations Type Institutions companies finance institutions NORTH EUROPE EAST ASIA AMERICA AND PACIFIC 20 % 16 % 26 % Advisory Board Issac Awundo, Group Managing Director, Commercial Bank of Africa Thomas DeLuca, CEO and Founder, AMP Credit Technologies Aysen Kulakoglu, Head of Department, Undersecretariat of Members the Turkish Treasury by Region Dawei Liu, Senior Vice President, CreditEase Jay Singer, Senior Vice President, Global SME Products, Mastercard 9 % Peer Stein, Advisor, Financial 15 % SOUTH Institutions Group, International ASIA 4 % Finance Corporation AFRICA 10 % LATIN AMERICA Devrim Tavil, International Head AND CARIBBEAN of SME Banking, BNP Paribas MIDDLE EAST AND CENTRAL ASIA List of all member organizations • ACCIS • CreditEase • Inter-American Investment • OPIC • ADFIAP • CRIF Corporation • Oxigen • Afriland First Bank • DCB Comemrcial Bank • International Factors Group • Palestine Investment Bank • Akiba Commercial Bank • DHGate • International Finance Corporation • PERC • AMP Credit Technologies • Diamond Bank • Intesa Sanpaolo • PRASAC • Ant Financial • Dianrong • Janalakshmi Financial Services • Qianhai Credit Bureau • Asian Credit Fund • DigiVation • Kabbage • Rakuten • Asifma • Ecobank • Kafalah SME Loan Guarantee • RBL Bank • Association of Banks in Malaysia -
United Bank of India
DISCLOSURE DOCUMENT Private & Confidential – Not for Circulation [This is a Disclosure Document prepared in conformity with Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 issued vide circular No. LAD-NRO/GN/2008/13/127878 dated June 06, 2008] UNITED BANK OF INDIA (A Government of India Undertaking) Constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970 Head Office: 11, Hemanta Basu Sarani, Kolkata – 700 001, West Bengal Tel: (033) 22483857, 22480592 Fax: 91-33-22420897, 22489391 Website: www.unitedbankofindia.com E-mail:[email protected], [email protected], [email protected] DISCLOSURE DOCUMENT FOR PRIVATE PLACEMENT OF UNSECURED REDEEMABLE NON- CONVERTIBLE SUBORDINATED TIER-II BONDS (SERIES VII) IN THE NATURE OF PROMISSORY NOTES OF RS. 10 LAKH EACH FOR CASH AT PAR AGGREGATING RS.100 CRORE WITH AN OPTION TO RETAIN OVERSUBSCRIPTION OF RS.100 CRORE REGISTRARS TO THE ISSUE TRUSTEE FOR THE BONDHOLDERS Link Intime India Pvt. Ltd. IDBI Trusteeship Services Ltd. C-13, Pannalal Silk Mills Compound Registered Office LBS Marg, Bhandup (West) Asian Building, Ground Floor Mumbai – 400 078 17, R Kamani Marg, Ballard Estate Tel: (022) 2596 3838 Mumbai – 400 001 Fax: 91-22-2594 6969 Tel: (022) 4080 7000 E-mail: [email protected] Fax: 91-22-6631 1776 / 4080 7080 E-mail: [email protected] SOLE ARRANGERS TO THE ISSUE IDFC Ltd, Naman Chambers, C-32, G-Block, Bandra-Kurla Complex, Bandra (E), Mumbai 400 051. ISSUE OPENS ON: December 28, 2011 ISSUE CLOSES ON: December 28, 2011 1 DISCLOSURE DOCUMENT TABLE OF CONTENTS INDEX TITLE I. -
Accelerating Financial Inclusion in South-East Asia with Digital Finance Asian Development Bank Table of Contents
ACCELERATING FINANCIAL INCLUSION IN SOUTH-EAST ASIA WITH DIGITAL FINANCE ASIAN DEVELOPMENT BANK TABLE OF CONTENTS PREFACE 3 EXECUTIVE SUMMARY 4 1 INTRODUCTION 7 2 CURRENT SITUATION AND OPPORTUNITY 9 3 FRAMEWORK TO IDENTIFY BARRIERS TO FINANCIAL INCLUSION 11 4 IMPACT OF DIGITAL FINANCE 18 5 QUANTIFYING THE IMPACT OF DIGITAL IN FINANCIAL INCLUSION 41 6 SEGMENT-SPECIFIC INSIGHTS 43 7 COUNTRY-SPECIFIC INSIGHTS 50 8 CONCLUDING REMARKS 65 9 APPENDIX 67 2 PREFACE Supporting financial sector development has been a strategic priority for ADB over the past several decades because of the critical role the financial sector plays in facilitating economic growth. ADB’s long-term strategic framework, “Strategy 2020,” emphasizes financial inclusion as an essential part of financial sector development: Without access to formal financial services, the unserved and underserved segments of society will be excluded from growth and its benefits.1 Digital finance presents a potentially transformational opportunity to advance financial inclusion. ADB engaged Oliver Wyman and MicroSave to conduct the following study on the role digital finance can play in accelerating financial inclusion, focusing on four Southeast Asian markets – Indonesia, the Philippines, Cambodia, and Myanmar. This study – informed by more than 80 stakeholder interviews across the four markets, extensive secondary research, and economic analysis – is an endeavour to better understand and quantify the nature of this impact. Oliver Wyman is a global leader in management consulting with a specialization in financial services. As a recognized thought leader in financial inclusion and digital finance, Oliver Wyman has a strong body of client work covering a broad range of financial institutions, regulators, and multilateral agencies. -
Form 603 Notice of Initial Substantial Holder
Form603 Form 603 Corporations Act 2001 Section 671B Notice of initial substantial holder To: Company Name/Scheme: Apollo Tourism & Leisure Ltd ACN/ARSN: 614 714 742 1. Details of substantial holder Name Mitsubishi UFJ Financial Group, Inc. The holder became a substantial holder on: 28/04/2021 The holder became aware on: 30/04/2021 2. Details of voting power The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in on the date the substantial holder became a substantial holder are as follows: Class of securities Number of securities Person's votes Voting power (%) Fully Paid ordinary shares 9,403,663 9,403,663 5.05% 3. Details of relevant interests The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows: Holder of relevant interest Nature of relevant interest Class and number of securities Relevant interest in securities that Morgan Stanley has a relevant interest in under section 608(3) of Mitsubishi UFJ Financial Group, Inc. the Corporations Act as Mitsubishi UFJ Financial 70,000 Fully paid ordinary shares Group, Inc. has voting power of over 20% in Morgan Stanley. Relevant interest in securities that Morgan Stanley has a relevant interest in under section 608(3) of Mitsubishi UFJ Financial Group, Inc. the Corporations Act as Mitsubishi UFJ Financial 812,969 Fully paid ordinary shares Group, Inc. -
Banks in News • Firms in News 3
Preface Dear Readers, The ‘Current Affairs’ section is an integral part of any examination. This edition of Manthan has been developed by our team to help you cover all the important events of the month for the upcoming exams like Banking, Insurance, CLAT, MBA etc. This comprehensive bulletin will help you prepare the section in a vivid manner. We hope that our sincere efforts will serve you in a better way to fulfil aspirations. Happy Reading! Best Wishes Team CL Contents 1. POLITY AND GOVERNANCE .................................................................................. 1–26 • National • International 2. ECONOMY AND FINANCE................................................................................... 27–44 • Economy News • Banks in News • Firms in News 3. SCIENCE AND TECHNOLOGY ........................................................................... 45–53 • Inventions/Discoveries • Health/ Disease 4. ECOLOGY AND ENVIRONMENT ......................................................................... 54–55 5. SPORTS ................................................................................................................ 56–62 • Sports Personalities in News • Sport Events 6. AWARDS............................................................................................................... 63–70 7. PERSONS IN NEWS ............................................................................................ 71–74 8. MISCELLANEOUS .............................................................................................. -
Campaign Endorsers - the Smart Campaign - Keeping Clients First in
Campaign Endorsers - The Smart Campaign - Keeping Clients First in ... http://www.smartcampaign.org/about-the-campaign/campaign-endorsers Get email updates Search ﺍﻋﺮﺑﻲ English Español Français Русский About the Campaign Campaign Endorsers Campaign Endorsers E-mail Print Campaign Mission & Goals Endorsing The Smart Campaign signifies your commitment to the Client Protection Endorse the Campaign Principles and a signal that you are ready to take the next steps towards implementing Take the first step towards protecting The Client Protection the principles within your daily operations. your clients and endorse The Smart Principles Campaign » What is your role in the Campaign? Learn all about how you can take action in The Campaign Endorsers Smart Campaign » Campaign Steering Microfinance Institutions » Networks & Associations » Committee & Leadership Investors & Donors » Supporting Organizations » What's Your Role? Individuals » Whether you’re a microfinance Campaign Sponsors organization or an individual, you have a valuable role to play in The Smart Client Protection Campaign » Certification Program Microfinance Institutions/Retail Financial Service Providers Aadarsha Welfare Society, India Frequently Asked Questions AB Bank Zambia Ltd., Zambia AB MicroFinance Bank Nigeria, Nigeria Donate Today ABC Microfinance - Babyloan, France A Call to Business Trading Ltd., Sierra Leone Contact Us AccessBank Azerbaijan, Azerbaijan AccessBank, Liberia AccèsBanque Madagascar, Madagascar AccessBank Tajikistan, Tajikistan AccessBank Tanzania Ltd, Tanzania -
Annual Report 2020
NEW HATTHA BANK TOWER PROJECT ANNUAL REPORT 2020 BUILDING A BRIGHT FUTURE TOGETHER CONTENT A. OPERATIONAL HIGHLIGHTS 2 32 Modernize Hattha Mobile B. FINANCIAL HIGHLIGHTS 4 33 Products and Services C. SOCIAL PERFORMANCE HIGHLIGHTS 5 37 Call Center D. CAMBODIA’S KEY ECONOMIC INDICATORS 6 37 Human Resources E. BUSINESS PARTNERS 7 39 The Spirit and The Letter F. COVERAGE AND DISTRIBUTION NETWORKS 8 40 I. INTERNAL CONTROL AND INTERNAL AUDIT G. CORPORATE INFORMATION 9 40 Internal Audit Shareholder 9 41 Risk Management About Hattha Bank 11 42 Compliance Vision, Mission and Core Values 12 43 J. SOCIAL PERFORMANCE MANAGEMENT Hattha Bank Milestones 13 44 Corporate Social Responsibility Message from Chairman 14 45 Environmental Performance Indicators Message from President & CEO 16 45 K. BOARD OF DIRECTORS REPORT H. BUSINESS REVIEW 17 51 L. AUDITED STATEMENTS FROM INDEPENDENT AUDITOR Board of Directors 17 51 Balance Sheet Board of Directors Meeting 20 53 Income Statement Executive Committee Members 23 54 Statement of Changes in Equity Organizational Structure 28 55 Statement of Cash Flows Key Accomplishment in 2020 29 57 M. THREE YEARS FINANCIAL SUMMARY The Change of Logo 31 ANNUAL REPORT 1 2020 A. OPERATIONAL HIGHLIGHTS LOAN PORTFOLIO Change Change Description (USD) 2018 2019 2020 (Amount) (%) Total Loan 757,326,744 1,050,928,838 1,322,729,009 271,800,171 26% Loan in KHR 72,363,197 160,299,247 219,051,919 58,752,672 37% Loan in USD 657,518,847 852,453,574 1,056,319,548 203,865,974 24% Loan in THB 27,444,700 38,176,017 47,357,541 9,181,525 24% Hattha Bank offers loan to a customer with 3 currency types such as: Khmer Riel, United States Dollar and Thai Baht. -
Project Details
Early Warning System IFC-41721 DCM BAY Women Entrepreneur Bond Early Warning System IFC-41721 DCM BAY Women Entrepreneur Bond Quick Facts Countries Thailand Financial Institutions International Finance Corporation (IFC) Status Approved Bank Risk Rating FI Voting Date 2019-06-13 Borrower Bank of Ayudhya Public Company Limited Sectors Finance Ring Fence Small & Medium Enterprises Investment Type(s) Loan Investment Amount (USD) $ 150.00 million Project Cost (USD) $ 220.00 million Early Warning System https://ews.rightsindevelopment.org/ [email protected] Early Warning System IFC-41721 DCM BAY Women Entrepreneur Bond Project Description According to the bank website, "The proposed investment entails IFC anchor investment of up to US$150 million in a US$220 million privately-placed, senior, unsecured USD-denominated “Women Entrepreneurs Bonds” to be issued by Bank of Ayudhya Public Company Ltd. (“Krungsri” or the “Bank”) to finance the expansion of the Bank’s women-led small and medium enterprises (“WSME”) loan portfolio (the “Project”). The Project will support the Bank’s ongoing efforts to increase its lending portfolio to WSMEs, an important sector that drives economic growth and employment, and to promote resilient and sustainable growth and strengthen financial inclusion in Thailand. Krungsri is the fifth largest commercial bank in Thailand, in terms of total assets, with 11.4% market share of total banking sector assets (US$67 billion) as of December 2018. The Bank has a leading position in consumer lending and ranks #1 in retail and #5 in the SME and corporate loan segments. Krungsri is listed on the Stock Exchange of Thailand, with a market cap of US$9.4 billion as of July 31, 2019 and is recognized as a Domestic Systematically Important Bank by the Bank of Thailand. -
Krungsri's Cambodian Subsidiary Hattha Kaksekar Obtains
Mitsubishi UFJ Financial Group, Inc. (MUFG) MUFG Bank, Ltd. Krungsri’s Cambodian Subsidiary Hattha Kaksekar Obtains Commercial Banking License Tokyo, September 8, 2020 --- MUFG and MUFG Bank’s consolidated subsidiary Bank of Ayudhya Public Company Limited (Krungsri) [1] ’s consolidated subsidiary Hattha Kaksekar Limited (HKL), a microfinance institution located in the Kingdom of Cambodia, has obtained a commercial banking license in Cambodia and was renamed HATTHA Bank Plc., effective August 26. Cambodia possesses the potential for sustainable economic growth due to increasing income driven by its relatively young and expanding population, in addition to its geographically advantageous location between two core economies of the Mekong region, the Kingdom of Thailand and the Socialist Republic of Vietnam. Krungsri acquired HATTHA Bank in 2016 with the aim of entering the microfinance business in Cambodia. By leveraging Krungsri’s expertise, HATTHA Bank has been growing steadily. Additionally, by providing its customers with access to financial services through microfinance HATTHA Bank plays an important role in MUFG’s efforts to promote financial inclusion. Through its conversion to a commercial bank, HATTHA Bank aims to provide high-quality services to meet its customers’ diverse needs by offering financial services such as deposits and funds transfers to both retail and corporate customers, in addition to providing access to microfinance to its existing retail customers. MUFG, together with its strategic partner banks Krungsri, PT Bank -
Microcapital Monitor the Candid Voice for Microfinance Investment
Volume2 Issue3 March 26, 2007 MicroCapital Monitor The Candid Voice for Microfinance Investment MICROCAPITAL BRIEFS Full articles available on-line at MicroCapital.org, search by date Top Stories: What is the Role of Public Funds? A new paper about the role of publicly-owned financial institutions investing in microfinance was featured in the Economist newspaper and has caused a significant stir within the industry. In response, CGAP, the leading policy outfit for microfinance, will INSIDE THIS ISSUE host an on-line discussion March 28-30 on its portal www.microfinancegateway.org. Please join us in this discussion as the topic is critically important. Please see the full paper 1 MicroCapital Briefs: Track microfinance review within our Paper Wrap Up section below. investment and other industry news BBVA Invests $260mm in Latin America Paper Wrap Up: Track research and Forbes Magazine reported a 200 million euro, approximately equal to USD 259.94 million, 6 recommendations investment in microfinance made by Spanish Banco Bilbao Vizcaya Argentaria SA (BBVA) through local strategic partners Caja Nor and Caja Sur in Peru, Corporacion Mundial de la Upcoming Events: Track industry events Mujer of Colombia, and Medellin, also of Columbia. BBVA is also working to develop 8 similar relationships with microfinance institutions in Mexico. BBVA plans to extend Who’s Who: Know the individuals behind microfinance investments beyond Latin America. Founded in 1995, Caja Nor is a financial 9 institution operating in Peru with USD 41.3 million in total assets as of 31 December 2005. the organizations. Featured organizations: Caja Sur does not share financial information. -
MICRO and SME FINANCE MARKET OUTLOOK a Survey
MICRO AND SME FINANCE MARKET OUTLOOK A survey PUBLIC PAPER “Development investment is defi ned as capital mobilised to carry out for-profi t investment in developing countries and development-related sectors of society.” MARKET OUTLOOK GLOBAL GROWTH FORECAST FOR THE MSME FINANCE SECTOR THE EXPERTS SPEAK Survey highlights CONFIDENCE BAROMETER 70 The confi dence barometer is, like many 2012 sentiment indicators in fi nancial markets, 65 a visualization of interviewees’ responses 2014 2015 to the question “How do you expect the MSME market in your region / country to be 60 2013 2017 next year, compared to this year?” Those responding “better” are graded at 100, 55 2016 “similar” at 50 and “worse” at 0. Confidence level 50 45 40 Source: responsAbility survey As shown above, while confi dence levels are lower than in previous Outlook publications (2012–15), this year’s outlook shows a rebound from that of last year (which was still narrowly in positive territory). This coincides with the fi ndings from our experts, several of whom have experienced economic slowdowns in their markets and conse- quently expect a rebound next year. KEY RESULTS AT A GLANCE As last year, our experts forecast an average growth rate of 10–15 % for the market in 2017. OF OUR EXPERTS EXPECT THE SHARE OF SME FINANCING IN THEIR MARKETS TO INCREASE The majority of interviewees believe that OVER THE NEXT YEARS, WITH IN EXPECTING AN interest rates for the end client in their INCREASE OF MORE THAN . markets will decline in 2017. 65 % of those interviewed anticipate moderate or substantial OVER consolidation in their markets in the next twelve months.