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S Vohra Ceo Panel 4 Revised
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S Vohra Ceo Panel 4 Revised


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  • 1. Citi’s Landscape for Supporting Financial Inclusion Sanjiv Vohra Country Head and Citi Country Officer Philippines 29 October 2009
  • 2. Citi Priorities Microfinance and Microenterprise Financial Education and Asset Building Environment with focus on sustainable enterprises Small and Growing Businesses Youth Education Disaster Response Workplace - inclusive, diverse, empowering
  • 3. Citi commercial scaling – beyond philanthropy Expanding access to financial services Working across Citi’s businesses, product groups and geographies Citi Microfinance serves more than 100 MFIs, networks and investors as clients in over 40 countries with products and services spanning the financial spectrum – from financing, access to capital markets, transaction services and hedging foreign exchange risk, to credit, savings, remittances and insurance products - to expand access to financial services for the underserved. Supporting sector development, Supporting the microfinance sector development through networks for more than 20 years through Citi Foundation Leveraging Citi footprint, No other American bank has local bank presence in more than 100 countries Establishing MFIs relationship, Citi has established policies and procedures to bank, finance and commercially partner with MFIs in their local currency, local language and local law. Serving international investors, donors and funds working in the microfinance sector Strictly Private and Confidential
  • 4. Working with 100 clients in more than 40 countries Europe 1 Network 3 Fund EE / Central Asia Managers 13 MFIs 7 Countries US 7 Networks 2 Fund Managers Asia 35 MFIs 9 Countries Latin America 26 MFIs 11 Countries 1 Fund Manager Africa 13 MFIs 9 Countries
  • 5. Leading innovation through milestone transactions Citi Microfinance has been a pioneer in leading milestone transactions in various financial areas and geographies. Citi Microfinance works in partnership with MFIs to extend the depth of financial services to low income households. Citi Microfinance is embedding microfinance across all Citi’s businesses Export and To From Private Commercial Corporate Agency Local Capital Consumer Banking Banking Banking Banking Financing Markets Examples of Citi milestone transactions worldwide Mexico India USA Pakistan Peru Bangladesh Mexico 1.4 million Savings Microloans First First First Investment women products microfinance microfinance Securitization grade portfolio structured covered by using local currency Bond of microloans bonds Purchase micro biometrics ATM syndication 2006 2002 2002 - 2003 insurance 2008 2004 2007 US$180 million Sole Bookrunner US$30 million US$20 million From 2005 over 6 years MXP 200 million US$22 million Strictly Private and Confidential
  • 6. Philippine Initiatives: Microfinance 7th Citi Microentrepreneur of the Citi Network Strengthening Year Awards Program 7 years running. Gave more than US$375,000 in grants and recognizing 41 outstanding Filipino microentrepreneurs nationwide. US$11.2 million international grant program that will increase the ability of 12 major microfinance networks to develop products and services that will meet the needs of their members and clients. Microfinance Training and Commercial Microfinance: CARDS Accreditation Program with Asian CARD – Citi Php 150 Million Microfinance Facility Agreement Institute of Management Signing Management training modules developed by Citi to offer train-the-trainer courses to more than 100 trainers from MFIs across 10 countries in the region.
  • 7. 10-year, US$200 million commitment to Financial Education Citi Financial Education and Asset Building programme focuses on personal finance and touches people of every age, ethnicity and economic level and reaches across businesses, languages and countries. April 2004 – Office of of Financial Education 10-year, $200 million commitment to promoting financial education around the world As of 2008 - Citi and Citi Foundation has invested approximately US$149 million in hundreds of financial education programmes around the world Strictly Private and Confidential
  • 8. Philippine Initiatives: Financial Education “Estudyantipid” Series “Hatch” Series 1st Series – 7 episodes on basic personal finance Citi Junior Bankers Congress Contributed US$ 200,000 in 7 years and benefited 210 students from various Held campus tours in 2007 covering 15 universities in universities nationwide Metro Manila and Cebu reaching over 7,500 students. Hatch II: Personal Education Program for Call Center Agents for implementation in 2009 Money Matters for Kids Travelling Exhibit and Workbook Money for Kids Traveling Exhibit: To run a month-long traveling exhibit in 4 locations nationwide in 2009- 2010 Money for Kids Workbook: Production of 3,000 copies Citi-FINEX Rafael B. Buenaventura of workbooks for distribution to beneficiary children Outstanding Finance Educators during exhibit. Award
  • 9. Citi-FT Financial Education Summit 2009 3 – 4 December 2009, Singapore in partnership with the Pearson Foundation and the Financial Times Sixth in a series held annually Provides a unique platform to share best practices in developing, delivering and evaluating financial education initiatives from around the globe Strictly Private and Confidential
  • 10. Consumer Education Use Credit Wisely Financial Planning and Investor Education Customer Communication