23039_SIK_JB2011_Um_E 08.08.2012 7:15 Uhr Seite 1 Finanzgruppe Sparkassenstiftung für internationale Kooperation Annual Report 2011 Annual Report Annual Report 2011 International Cooperation 2011 Projects and Partners 23039_SIK_JB2011_Um_E 08.08.2012 7:15 Uhr Seite 2 s Finanzgruppe 2011 426 Sparkassen (Savings Banks) Balance sheet total 1,098 billion € Customer deposits 784 billion € Loans to customers 677 billion € Branch offices (incl. self-service) 15,441 Employees 245,969 8 Landesbanken1 (Regional Banks) Balance sheet total 1,495 billion € Branch offices 540 Employees 48,464 10 Landesbausparkassen (Regional Building Societies) Balance sheet total 55 billion € Contract portfolio, volume 271 billion € Information centres 798 Employees 8,940 Reference of country data: • The World Bank – Doing Business http://www.doingbusiness.org/reports/global-reports/ 1 DekaBank/Deutsche Girozentrale doing-business-2012 Balance sheet total 134 billion € • CIA – The World Factbook Fund assets 165 billion € https://www.cia.gov/library/publications/the-world-factbook/ Employees 3,957 • Welt auf einen Blick (World at a glance) http://www.welt-auf-einen-blick.de/wirtschaft/inflationsrate.php 11 Public Primary Insurance Groups Picture credits: Gross premium income 18.1 billion € p. 3 © Deutscher Sparkassen- und Giroverband Insurance portfolio – life insurance 214.4 billion € (German Savings Banks Association) Branch offices 3,528 p. 6/7 © Sparkassenstiftung Employees 30,000 p. 8 Photographer: Fritz Funke, © Sparkassenstiftung p. 12 © Sparkassenstiftung Uzbekistan p. 18–42 Photographer: Oliver Volke, © Sparkassenstiftung 1 Figures for the given group, including foreign branches as well as domestic and foreign consolidated Landesbank subsidiaries p. 43 © Sparkassenstiftung 23039_SIK_JB2011_E 08.08.2012 7:31 Uhr Seite 1 International Cooperation, Projects and Partners Annual Report 2011 23039_SIK_JB2011_E 08.08.2012 7:31 Uhr Seite 2 Sparkassenstiftung für internationale Kooperation e. V. (Savings Banks Foundation for International Cooperation) Simrockstraße 4 53113 Bonn/Germany Phone: +49 228 9703-0 Fax: +49 228 9703-6 13 Email: [email protected] Homepage: www.Sparkassenstiftung.de Editing: Christina Heuft, Manuel Wilmanns Proofreading: Cornelia Müller Printed by: Druck Center Meckenheim 23039_SIK_JB2011_E 08.08.2012 9:35 Uhr Seite 3 Annual Report 2011 | Foreword Foreword differentiated range of tools. These include consultancy for banks, savings banks and microfinance institutions to help them extend their branch network as well as assist with the design of new products. Sparkassenstiftung also passes on approaches that have proved their worth in Germany’s Sparkassen (savings banks); for example, models that enhance the efficiency of internal procedures in a banking institute and thus ultimately reduce costs. Just like the Sparkassen in Germany, Sparkassen - stiftung attaches great importance to basic and further staff training. And it is this motivation that drives it to support systematic staff train- ing in many of its partner countries. Again just Heinrich Haasis like Germany’s Sparkassen, another matter Chairman of the Board of Trustees close to its heart concerns educational inputs to promote financial literacy amongst customers. For this reason, Sparkassenstiftung promotes Having a current account and being able to client-oriented educational campaigns that deposit savings securely, not to mention offset- explain the services banks provide and which ting risks with insurance and, when necessary, show people how to put them to good use. taking out a loan – all of these standard services in Germany are important in developing and This project work showcases Sparkassen - emerging nations, too. Indeed, they constitute stiftung’s major asset, namely its high level of elementary conditions that have to be met in expertise which does not just come from order for people to take part in economic life. decades of experience on site, but incorporates However, huge numbers of people in such state-of-the-art knowledge direct from the countries are often excluded from these ser- business operations of Germany’s 400 or more vices. Difficulties generally already start with Sparkassen. This is what makes Sparkassen - the basic infrastructure and the absence of local stiftung so very valuable for its partner institu- financial institutions that can serve their clients tions around the globe. This up-to-the-minute on site in small towns and rural areas. More knowledge is the key that turns their growth often than not, banks in these countries focus engine, helping them evolve into modern on the major urban centres, and specifically banking institutions geared to the regional only on those customers who are willing and economy and local people. Strengthened by the able to pay high fees. Furthermore, a lot of knowledge and values of Germany’s people are not financially literate enough to be Sparkassen, these institutions thus help pro- able to put financial products to meaningful mote growth and development in their regions. use. April 2012 This conundrum calls for a multiplicity of customised responses in order to sustainably improve access to financial services – which is why Sparkassenstiftung has developed a highly 3 23039_SIK_JB2011_E 08.08.2012 7:31 Uhr Seite 4 Annual Report 2011 | Table of Contents Table of Contents 6 Overview 8 Spotlight 8 Flight simulator for entrepreneurs and financial experts 12 Savings mobilisation and financial education in Uzbekistan – women’s advisory centres leading the way 16 Project Activities Europe/Caucasus 18 Azerbaijan: Management of the German-Azerbaijanian Fund 19 Azerbaijan: Credits for small enterprises 20 Azerbaijan and Georgia: Mobilising savings and fostering financial literacy Africa 21 Ghana: Better offers of training and support for Ghanaian credit cooperatives 22 Democratic Republic of the Congo: Pilot project to mark World Savings Day 23 Madagascar: Building institutional capacity and promoting development at the Caisse d’Epargne de Madagascar 24 Rwanda: Making microfinance more professional 25 Tanzania: Mobilising savings via electronic distribution channels Asia 26 China: Building up credit operations for small and microenterprises at the Bank of Handan and the Bank of Weifang 27 Indonesia: Cooperation with ASBANDA 28 Nepal and Bhutan: Establishing and strengthening microfinance institutions 29 Philippines: Establishing a bank for small and medium-sized enterprises 30 Sri Lanka and Indonesia: Sparkassen Reconstruction Fund for South Asia 31 Uzbekistan: MSME promotion, establishment of a microinsurance company 32 Vietnam, Laos, Cambodia and Myanmar: Regional microfinance network 34 Tajikistan: Partnership project with Tojik Sodirot Bank Latin America 35 Ecuador: Strengthening the savings and credit cooperative UCACSUR 36 Colombia: Building up and consolidating the microfinance association Asomicrofinanzas 37 Colombia: Mobilising savings deposits at WWB Colombia 38 Mexico, Peru and El Salvador: Regional financial literacy project 39 Mexico: Financial services in rural areas (PATMIR Project) 4 23039_SIK_JB2011_E 08.08.2012 7:31 Uhr Seite 5 Annual Report 2011 | Table of Contents Transnational 40 Designing a blueprint for decentralised financial systems: International study 41 Management training: Worldwide 42 Training for experts and managers: Azerbaijan, Georgia, Serbia 43 Badu Kwarteng – the Bonwire Kente weaver 45 Supervisory and Executive Boards, Head Office and Representations Abroad 46 Board of Trustees 48 Management and Staff 49 Representations abroad 51 Members 5 23039_SIK_JB2011_E 08.08.2012 7:31 Uhr Seite 6 Annual Report 2011 | Overview Overview 2011 ment takes time, especially if the results are to be sustainable. We build our project work around know-how transfer. Indeed, a lack of knowledge is the major bottleneck in virtually all developing and emerging nations. This is why Sparkassen - stiftung does not pass on money to its project partners, but communicates the know-how it has gathered from 200 years of successful work by German Sparkassen. This experience, which forms the basis of project activities, is then adapted to suit local needs and framework conditions. This allows us to craft individual, customised solutions for and together with our Dr. Holger Berndt project partners every time. Chairman of the Board Besides designing and implementing efficient work processes, control systems, risk manage- 2011 was a very successful year for Sparkassen- ment instruments and models for branch office stiftung and for our partners, too. Our opera- steering etc., another key focus of the work we tions extended over 22 countries and involved do in all our projects is on HR development. more than 150 employees, 24 of whom staff This applies both to the creation of structures, Sparkassenstiftung’s Head Office in Bonn. e.g. the establishment of training facilities, and Furthermore, we organised limited-term to the actual communication of specialist know- assignments by 70 experts – mostly from how through seminars and hands-on training. German Sparkassen – in support of our project And it is precisely this networking of theoretical work on site. know-how and practice-oriented knowledge – a combination that has proved its worth in Sparkassenstiftung launched fresh operations Germany’s dual vocational training system – to assist local partner institutions in a number that a lot of developing and emerging nations of countries in 2011, namely in Ecuador and find new and innovative. In Madagascar,