This document discusses the results of a Corporate Governance Scorecard initiative for commercial and universal banks in the Philippines.
1) Twenty total banks participated, including 7 commercial banks and 13 universal banks. Universal banks scored higher on average, with a score of 88% compared to 76% for commercial banks.
2) Scores were calculated based on categories related to shareholders' rights, treatment of stakeholders, control environment, disclosure and transparency, and board responsibilities. Universal banks scored highest in control environment and processes.
3) The results provide benchmark averages that individual banks can use for comparison, with the recommendation that banks be given time to improve their corporate governance practices and compliance based on the scorecard.
Is your company prepared for the new era of fcpa... (para mi primer debate...)Andres Baytelman
The document discusses the Foreign Corrupt Practices Act (FCPA) and trends in its enforcement. It notes that enforcement of the FCPA has increased aggressively over the past year, with record penalties totaling $1.8 billion paid by companies to the SEC and DOJ. The FCPA prohibits bribery of foreign officials and requires accurate record keeping. Companies need to be vigilant about compliance, especially regarding third parties, as failures can result in large fines and criminal penalties against executives.
SEC penalizes investment advisers for compliance failuresAndres Baytelman
The SEC penalized three investment advisory firms and one individual for compliance failures. The SEC found that the firms failed to implement adequate written compliance policies and procedures as required by law. This led to other violations like undisclosed fees, principal transactions without consent, and improper supervision. As part of settlements, the firms and individual paid financial penalties and agreed to remedial measures like improved compliance programs and client reimbursements. The SEC action was part of an initiative to prevent investor harm from compliance deficiencies.
Este documento estabelece normas para as eleições no Brasil. Ele define que as eleições ocorrerão no primeiro domingo de outubro, estabelece regras para candidatos, partidos e coligações, incluindo prazos para registro de candidatos. Também trata de convenções partidárias, regras de votação e apuração.
Decreto 1510 de 2013 registro unico de proponentesactualicese.com
En los artículos 8 a 14 del nuevo Decreto 1510 de julio 17 de 2013, el cual empieza a regir a partir de agosto 15 de 2013, han quedado ahora recopiladas las normas sobre el Registro Unico de Proponentes (RUP) que se lleva en las Cámaras de Comercio. Este nuevo decreto deroga todo el texto del anterior decreto 734 de 2012 en el cual se destinaban treinta y seis artículos para regular el RUP.
The document is an IR presentation that provides an overview of Vietnam's macroeconomics and banking industry environment (Section 1), general information about VietinBank including its mission, vision, awards, and organizational structure (Section 2), highlights of VietinBank as an investment including its innovation, network, shareholders, technology, and customer base (Section 3), and VietinBank's financial performance in 2019 (Section 4). Key points include stable macroeconomic growth in Vietnam, improved profitability and asset quality in the banking sector, VietinBank's extensive domestic and international network, support from major shareholders MUFG and SBV, advanced technology platform, and stable funding and credit growth with improved profitability for VietinBank in 2019.
Is your company prepared for the new era of fcpa... (para mi primer debate...)Andres Baytelman
The document discusses the Foreign Corrupt Practices Act (FCPA) and trends in its enforcement. It notes that enforcement of the FCPA has increased aggressively over the past year, with record penalties totaling $1.8 billion paid by companies to the SEC and DOJ. The FCPA prohibits bribery of foreign officials and requires accurate record keeping. Companies need to be vigilant about compliance, especially regarding third parties, as failures can result in large fines and criminal penalties against executives.
SEC penalizes investment advisers for compliance failuresAndres Baytelman
The SEC penalized three investment advisory firms and one individual for compliance failures. The SEC found that the firms failed to implement adequate written compliance policies and procedures as required by law. This led to other violations like undisclosed fees, principal transactions without consent, and improper supervision. As part of settlements, the firms and individual paid financial penalties and agreed to remedial measures like improved compliance programs and client reimbursements. The SEC action was part of an initiative to prevent investor harm from compliance deficiencies.
Este documento estabelece normas para as eleições no Brasil. Ele define que as eleições ocorrerão no primeiro domingo de outubro, estabelece regras para candidatos, partidos e coligações, incluindo prazos para registro de candidatos. Também trata de convenções partidárias, regras de votação e apuração.
Decreto 1510 de 2013 registro unico de proponentesactualicese.com
En los artículos 8 a 14 del nuevo Decreto 1510 de julio 17 de 2013, el cual empieza a regir a partir de agosto 15 de 2013, han quedado ahora recopiladas las normas sobre el Registro Unico de Proponentes (RUP) que se lleva en las Cámaras de Comercio. Este nuevo decreto deroga todo el texto del anterior decreto 734 de 2012 en el cual se destinaban treinta y seis artículos para regular el RUP.
The document is an IR presentation that provides an overview of Vietnam's macroeconomics and banking industry environment (Section 1), general information about VietinBank including its mission, vision, awards, and organizational structure (Section 2), highlights of VietinBank as an investment including its innovation, network, shareholders, technology, and customer base (Section 3), and VietinBank's financial performance in 2019 (Section 4). Key points include stable macroeconomic growth in Vietnam, improved profitability and asset quality in the banking sector, VietinBank's extensive domestic and international network, support from major shareholders MUFG and SBV, advanced technology platform, and stable funding and credit growth with improved profitability for VietinBank in 2019.
The document is an IR presentation that provides an overview of Vietnam's macroeconomic environment and banking industry in the first section. It then discusses VietinBank specifically, including its mission/vision, organizational structure, investment highlights, and 2019 performance. Key points covered include stable macroeconomic growth in Vietnam, improvements in the banking industry's profitability and asset quality, VietinBank's extensive network and support from major shareholders, and its stable funding growth and improved profitability in 2019.
A 2 ben simmes social environmental impact.pptadhersdomain
Oikocredit aims to achieve social impact through five pillars: 1) strengthening its own operations, 2) partnering with responsible microfinance institutions, 3) benefiting end-clients, 4) contributing to the microfinance sector, and 5) engaging investors. Key activities to support these pillars include conducting social audits of partners, promoting transparency and client protection, providing capacity building, and monitoring social performance data. The ultimate goals are empowering disadvantaged people through access to credit and promoting global social justice through socially responsible investing.
Retail asset products of bank of barodaDivya Agarwal
This document presents a summer internship presentation on analyzing retail asset products of marketing in a competitive environment at Bank of Baroda. It provides an overview of Bank of Baroda, including its profile, products offered, and objectives of the study. Data was collected through interviews and questionnaires from existing and new customers. Key findings include that only 19.6% of respondents took education loans, while 33.3% were dissatisfied with paper formalities and 15.7% were dissatisfied with loan sanction times. Suggestions include reducing interest rates and paper formalities, and approving loans faster to increase customer satisfaction.
This document provides an overview of macroeconomic conditions and the banking industry in Vietnam, and details about VietinBank. The macroeconomic section notes GDP growth rates from 2015 to the first half of 2020, inflation rates, unemployment, export/import figures, FDI, and exchange rates. It also discusses credit growth and profitability in the banking industry. The document then profiles VietinBank, outlining its history, mission, organizational structure, investment highlights including a strong innovation focus, extensive network, credit ratings, technology platform, and human resources. Performance metrics and business orientation for 2020 are also reviewed.
Analytics in action - how marketelligent helped a retailer rationalize sku'sMarketelligent
A SKU rationalization approach was taken that focused on customers rather than individual products. This reduced the business's complexity from over 5,000 SKUs to approximately 3,500 SKUs while maintaining revenues, profitability, and customer satisfaction. By analyzing which style groups and colors contributed most to sales each year, approximately 30% of the SKUs accounting for a small portion of revenues were removed. This led to significant cost savings with minimal impact on customers or financial performance.
The document provides an overview of macroeconomic conditions in Vietnam and the banking industry in 1Q2020. It then discusses VietinBank, including key milestones, mission/vision, organizational structure, and investment highlights such as an extensive network, high credit ratings, innovation, and strong support from shareholders. Performance results and business orientation for 2020 are also mentioned.
VietinBank provided an investors update covering 3Q2020 and 9M2020 performance. Key highlights included:
- Vietnam's economy is forecast to grow 2-3% in 2020 despite challenges from COVID-19. Credit growth was improving in September.
- VietinBank has a strong brand, extensive domestic and international network, and support from major shareholders State Bank of Vietnam and MUFG.
- In 3Q2020 and 9M2020, VietinBank saw growth in key metrics like deposits, loans, and digital adoption despite economic headwinds.
The document discusses the future of bank branches and retail distribution channels. It notes that there are differing perspectives on the importance of branches, from those who think branches will be replaced by self-service channels to those who think branches will remain important. While branches currently face challenges like rising costs and declining traffic, many banks still predict modest branch expansion in the next five years. Transactions are expected to continue migrating to self-service channels, resulting in fewer branches and teller stations overall.
AUB Annual Report for 2022 online copy.pdfAntonOnato2
The annual report summarizes AUB's performance in 2022, its highest net income year yet. Some key highlights include:
- Net income reached PHP 6.3 billion, a 56% increase over 2021, driven by stronger core businesses as the Philippine economy reopened.
- Total assets grew to PHP 340.13 billion and deposits increased to PHP 288.79 billion.
- The bank remains focused on innovation, digitalization, and serving customers while maintaining a strong balance sheet and managing risks in a challenging economic environment.
- Partnerships and collaboration helped the bank achieve strong results and will continue to be important for navigating an uncertain future.
IFC - PROMOTING ENVIRONMENTAL AND SOCIAL RISK MANAGEMENT (ESRM) IN THE FINANC...zubeditufail
The document discusses promoting environmental and social risk management in the financial sector of Pakistan. It provides background on the costs of environmental degradation in Pakistan, outlines what environmental and social risk management is for financial institutions, and proposes an advisory program to help banks implement ESRM practices through developing policies, procedures, training, and providing implementation support. The program aims to help banks manage risk better while also providing new business opportunities in green financing that benefit both banks and their clients.
A survey of corporate credit risks management in Asia Pacific region was conducted in the fourth quarter of 2012 by Coface, a leading global credit insurance group. The survey revealed that corporate payment experience in the region generally worsened. Companies in Australia, China and India suffered more non-payment. Sectors of building & construction, IT, ISP & data processing, textile, clothing & shoes and household electric & electronic appliances are at higher risk. Companies in the region are less optimistic about recovery of global economy in 2013.
This document summarizes the proposed combination of Bank of America and MBNA. It highlights that the combined company would have the largest credit card portfolio in the US and worldwide, with significant scale, revenue opportunities, and financial strength. The transaction values MBNA at a 29% premium to its market value and 12.5 times its estimated 2006 earnings. The combination is expected to be modestly dilutive to Bank of America's earnings in 2006 but accretive by 2% in 2007, once cost savings of $850 million are fully realized.
Banks in the UK saw increased profits in 2014 but challenges remain. While pre-tax profits rose 62% to £20.6 billion, conduct costs were still high at £9.9 billion and return on equity remained below 8% for all banks. Banks continue to reshape their balance sheets to meet regulatory requirements by decreasing risk-weighted assets but this has reduced income and impacted profitability. Overall, UK lending fell 2% as banks maintained a low-risk appetite in a mixed economic environment.
Features major direct marketing and advertising trend with long term impact, details the 7 profit drivers for insurance direct marketing and explores Web 2.0 opportunities for direct marketers.
Maintaining Credit Quality in Banks and Credit UnionsLibby Bierman
In this session, Sageworks presented different ways that people in the bank can curb credit risk in an effort to maintain and improve credit quality of the portfolio.
This document provides an executive summary and valuation analysis for eBay Inc. after a planned spin off of PayPal. It includes:
1) An overview of eBay and PayPal, the economic outlook, and industry trends.
2) Two valuation methods - a discounted cash flow analysis valuing eBay between $57-73 billion and PayPal between $60-78 billion, and a comparable company analysis valuing eBay between $50-77 billion.
3) Suggestions for transfer pricing between PayPal US and its foreign affiliates after the spin off.
The document concludes the valuations for eBay after spin off will be in the range of $57-65 billion and for PayPal $40-
First Bank Group reported results for the 9 months ended December 31, 2009 and quarter ended March 31, 2010. For the 9 months ended December 31, 2009, gross earnings increased 28.8% to N196.4 billion compared to the same period in 2008. However, profit before tax declined 72.6% to N11.6 billion. In the quarter ended March 31, 2010, gross earnings declined 10.65% to N62.4 billion compared to the same quarter in 2009, while profit before tax increased significantly to N15.4 billion. First Bank remains well capitalized with a capital adequacy ratio of 17.67% as of March 31, 2010 and continues its strategy of growing earnings while improving asset
- First Bank Group reported a 28.8% increase in gross earnings for the 9 months ended December 2009 compared to the same period in 2008. However, gross earnings declined 10.65% for the quarter ended March 2010 compared to the prior year quarter.
- Profit before tax declined sharply for the 9 months ended December 2009 at -72.6% but increased for the quarter ended March 2010 compared to the previous quarter.
- Capital adequacy and liquidity ratios remained strong but the loan to deposit ratio increased from 81.3% to 89.7%, indicating higher lending activity.
How Banks will Generate Revenue on Payments and Checking in the New EraDavid Kerstein
Presentation at the BAI Payments Connect Conference, March, 2010. Survey of bankers to understand implications of new changes in Reg E, impact on earnings, and future changes in Checking Account revenue.
Miraculous Solution to Asia Pacific Soft Ground ImprovementADFIAP
Shanghai Geoharbour Group specializes in land reclamation, soft ground improvement, research, design, consulting, and construction. They have developed the High Vacuum Densification Method (HVDM) which combines vacuum drainage and dynamic compaction to quickly dewater, densify, and improve soft soils. HVDM creates an active drainage system under a pressure gradient to expedite consolidation and save schedule time. It has been successfully used on projects such as airports, ports, highways, and industrial developments.
Visioning the Strategic Role of Development Finance InstitutionsADFIAP
The document discusses the role of development finance institutions (DFIs) in supporting small and medium enterprises (SMEs). It notes that DFIs must balance developmental and financial goals, evolve to meet changing needs, and stay knowledgeable about markets, technology, and customers. The focus is on Malaysia's SME Bank and its efforts to help SMEs contribute to the economy through initiatives like IQ-Dagang that guide entrepreneurs and help make business ideas investment-worthy. Moving forward, the bank aims to finance the SME ecosystem with a new model driven by desired socioeconomic and commercial outcomes.
The document is an IR presentation that provides an overview of Vietnam's macroeconomic environment and banking industry in the first section. It then discusses VietinBank specifically, including its mission/vision, organizational structure, investment highlights, and 2019 performance. Key points covered include stable macroeconomic growth in Vietnam, improvements in the banking industry's profitability and asset quality, VietinBank's extensive network and support from major shareholders, and its stable funding growth and improved profitability in 2019.
A 2 ben simmes social environmental impact.pptadhersdomain
Oikocredit aims to achieve social impact through five pillars: 1) strengthening its own operations, 2) partnering with responsible microfinance institutions, 3) benefiting end-clients, 4) contributing to the microfinance sector, and 5) engaging investors. Key activities to support these pillars include conducting social audits of partners, promoting transparency and client protection, providing capacity building, and monitoring social performance data. The ultimate goals are empowering disadvantaged people through access to credit and promoting global social justice through socially responsible investing.
Retail asset products of bank of barodaDivya Agarwal
This document presents a summer internship presentation on analyzing retail asset products of marketing in a competitive environment at Bank of Baroda. It provides an overview of Bank of Baroda, including its profile, products offered, and objectives of the study. Data was collected through interviews and questionnaires from existing and new customers. Key findings include that only 19.6% of respondents took education loans, while 33.3% were dissatisfied with paper formalities and 15.7% were dissatisfied with loan sanction times. Suggestions include reducing interest rates and paper formalities, and approving loans faster to increase customer satisfaction.
This document provides an overview of macroeconomic conditions and the banking industry in Vietnam, and details about VietinBank. The macroeconomic section notes GDP growth rates from 2015 to the first half of 2020, inflation rates, unemployment, export/import figures, FDI, and exchange rates. It also discusses credit growth and profitability in the banking industry. The document then profiles VietinBank, outlining its history, mission, organizational structure, investment highlights including a strong innovation focus, extensive network, credit ratings, technology platform, and human resources. Performance metrics and business orientation for 2020 are also reviewed.
Analytics in action - how marketelligent helped a retailer rationalize sku'sMarketelligent
A SKU rationalization approach was taken that focused on customers rather than individual products. This reduced the business's complexity from over 5,000 SKUs to approximately 3,500 SKUs while maintaining revenues, profitability, and customer satisfaction. By analyzing which style groups and colors contributed most to sales each year, approximately 30% of the SKUs accounting for a small portion of revenues were removed. This led to significant cost savings with minimal impact on customers or financial performance.
The document provides an overview of macroeconomic conditions in Vietnam and the banking industry in 1Q2020. It then discusses VietinBank, including key milestones, mission/vision, organizational structure, and investment highlights such as an extensive network, high credit ratings, innovation, and strong support from shareholders. Performance results and business orientation for 2020 are also mentioned.
VietinBank provided an investors update covering 3Q2020 and 9M2020 performance. Key highlights included:
- Vietnam's economy is forecast to grow 2-3% in 2020 despite challenges from COVID-19. Credit growth was improving in September.
- VietinBank has a strong brand, extensive domestic and international network, and support from major shareholders State Bank of Vietnam and MUFG.
- In 3Q2020 and 9M2020, VietinBank saw growth in key metrics like deposits, loans, and digital adoption despite economic headwinds.
The document discusses the future of bank branches and retail distribution channels. It notes that there are differing perspectives on the importance of branches, from those who think branches will be replaced by self-service channels to those who think branches will remain important. While branches currently face challenges like rising costs and declining traffic, many banks still predict modest branch expansion in the next five years. Transactions are expected to continue migrating to self-service channels, resulting in fewer branches and teller stations overall.
AUB Annual Report for 2022 online copy.pdfAntonOnato2
The annual report summarizes AUB's performance in 2022, its highest net income year yet. Some key highlights include:
- Net income reached PHP 6.3 billion, a 56% increase over 2021, driven by stronger core businesses as the Philippine economy reopened.
- Total assets grew to PHP 340.13 billion and deposits increased to PHP 288.79 billion.
- The bank remains focused on innovation, digitalization, and serving customers while maintaining a strong balance sheet and managing risks in a challenging economic environment.
- Partnerships and collaboration helped the bank achieve strong results and will continue to be important for navigating an uncertain future.
IFC - PROMOTING ENVIRONMENTAL AND SOCIAL RISK MANAGEMENT (ESRM) IN THE FINANC...zubeditufail
The document discusses promoting environmental and social risk management in the financial sector of Pakistan. It provides background on the costs of environmental degradation in Pakistan, outlines what environmental and social risk management is for financial institutions, and proposes an advisory program to help banks implement ESRM practices through developing policies, procedures, training, and providing implementation support. The program aims to help banks manage risk better while also providing new business opportunities in green financing that benefit both banks and their clients.
A survey of corporate credit risks management in Asia Pacific region was conducted in the fourth quarter of 2012 by Coface, a leading global credit insurance group. The survey revealed that corporate payment experience in the region generally worsened. Companies in Australia, China and India suffered more non-payment. Sectors of building & construction, IT, ISP & data processing, textile, clothing & shoes and household electric & electronic appliances are at higher risk. Companies in the region are less optimistic about recovery of global economy in 2013.
This document summarizes the proposed combination of Bank of America and MBNA. It highlights that the combined company would have the largest credit card portfolio in the US and worldwide, with significant scale, revenue opportunities, and financial strength. The transaction values MBNA at a 29% premium to its market value and 12.5 times its estimated 2006 earnings. The combination is expected to be modestly dilutive to Bank of America's earnings in 2006 but accretive by 2% in 2007, once cost savings of $850 million are fully realized.
Banks in the UK saw increased profits in 2014 but challenges remain. While pre-tax profits rose 62% to £20.6 billion, conduct costs were still high at £9.9 billion and return on equity remained below 8% for all banks. Banks continue to reshape their balance sheets to meet regulatory requirements by decreasing risk-weighted assets but this has reduced income and impacted profitability. Overall, UK lending fell 2% as banks maintained a low-risk appetite in a mixed economic environment.
Features major direct marketing and advertising trend with long term impact, details the 7 profit drivers for insurance direct marketing and explores Web 2.0 opportunities for direct marketers.
Maintaining Credit Quality in Banks and Credit UnionsLibby Bierman
In this session, Sageworks presented different ways that people in the bank can curb credit risk in an effort to maintain and improve credit quality of the portfolio.
This document provides an executive summary and valuation analysis for eBay Inc. after a planned spin off of PayPal. It includes:
1) An overview of eBay and PayPal, the economic outlook, and industry trends.
2) Two valuation methods - a discounted cash flow analysis valuing eBay between $57-73 billion and PayPal between $60-78 billion, and a comparable company analysis valuing eBay between $50-77 billion.
3) Suggestions for transfer pricing between PayPal US and its foreign affiliates after the spin off.
The document concludes the valuations for eBay after spin off will be in the range of $57-65 billion and for PayPal $40-
First Bank Group reported results for the 9 months ended December 31, 2009 and quarter ended March 31, 2010. For the 9 months ended December 31, 2009, gross earnings increased 28.8% to N196.4 billion compared to the same period in 2008. However, profit before tax declined 72.6% to N11.6 billion. In the quarter ended March 31, 2010, gross earnings declined 10.65% to N62.4 billion compared to the same quarter in 2009, while profit before tax increased significantly to N15.4 billion. First Bank remains well capitalized with a capital adequacy ratio of 17.67% as of March 31, 2010 and continues its strategy of growing earnings while improving asset
- First Bank Group reported a 28.8% increase in gross earnings for the 9 months ended December 2009 compared to the same period in 2008. However, gross earnings declined 10.65% for the quarter ended March 2010 compared to the prior year quarter.
- Profit before tax declined sharply for the 9 months ended December 2009 at -72.6% but increased for the quarter ended March 2010 compared to the previous quarter.
- Capital adequacy and liquidity ratios remained strong but the loan to deposit ratio increased from 81.3% to 89.7%, indicating higher lending activity.
How Banks will Generate Revenue on Payments and Checking in the New EraDavid Kerstein
Presentation at the BAI Payments Connect Conference, March, 2010. Survey of bankers to understand implications of new changes in Reg E, impact on earnings, and future changes in Checking Account revenue.
Miraculous Solution to Asia Pacific Soft Ground ImprovementADFIAP
Shanghai Geoharbour Group specializes in land reclamation, soft ground improvement, research, design, consulting, and construction. They have developed the High Vacuum Densification Method (HVDM) which combines vacuum drainage and dynamic compaction to quickly dewater, densify, and improve soft soils. HVDM creates an active drainage system under a pressure gradient to expedite consolidation and save schedule time. It has been successfully used on projects such as airports, ports, highways, and industrial developments.
Visioning the Strategic Role of Development Finance InstitutionsADFIAP
The document discusses the role of development finance institutions (DFIs) in supporting small and medium enterprises (SMEs). It notes that DFIs must balance developmental and financial goals, evolve to meet changing needs, and stay knowledgeable about markets, technology, and customers. The focus is on Malaysia's SME Bank and its efforts to help SMEs contribute to the economy through initiatives like IQ-Dagang that guide entrepreneurs and help make business ideas investment-worthy. Moving forward, the bank aims to finance the SME ecosystem with a new model driven by desired socioeconomic and commercial outcomes.
Market and Regulatory Risk Issues and Challenges in PPPADFIAP
The document discusses key issues and challenges regarding public-private partnerships (PPPs). It outlines the main reasons for governments to pursue PPPs, including addressing infrastructure needs with restricted budgets. It also describes the typical risk allocation between public and private partners in a PPP. The document notes several types of risks in PPP projects, such as project risks, macroeconomic risks, and political risks. It emphasizes that PPPs require well-defined, viable, and bankable projects. Finally, the document proposes several solutions to challenges in PPPs, such as contract provisions to address risks, ensuring transparency and competitive bidding, and establishing a common regulatory framework.
Green Finance: Business Opportunities and Role of Financial InstitutionsADFIAP
1) The document discusses the role of development finance institutions (DFIs) in supporting low-carbon investment and green growth through mobilizing private funding and providing financing support such as guarantees, insurance, and co-financing.
2) It outlines Japan Bank for International Cooperation's (JBIC) efforts to develop a "Joint Crediting Mechanism" (J-MRV) to quantify greenhouse gas emission reductions from low-carbon investment projects and apply it to their due diligence and project finance processes.
3) JBIC aims for J-MRV to serve as an internationally accepted methodology and help scale up low-carbon investment while preparing for future carbon market mechanisms.
Rural Development Bank’s Developing Entrepreneurship in CambodiaADFIAP
- The Rural Development Bank of Cambodia provides financing and technical training to support entrepreneurship in the country. This includes providing loans to microfinance institutions, small and medium enterprises, communities, and supporting the "One Village One Product" and Chambers of Professional and Micro Enterprises programs.
- The bank's activities involve providing loans for working capital, investment, and community development projects. It also offers training in areas like business planning, accounting, and product development.
- Integrating microfinance with small and medium enterprises has helped improve livelihoods, and lessons indicate the importance of strong monitoring, flexible credit terms, and community leadership.
Role in Developing Entrepreneurship in MalaysiaADFIAP
Amanah Ikhtiar Malaysia (AIM) plays a key role in developing entrepreneurship in Malaysia through its microcredit program. AIM provides loans and training to low-income households to start small businesses. It has over 250,000 members and has disbursed over $1.5 billion in loans. AIM aims to strengthen entrepreneurship through expanded training programs, new loan products, improved marketing support, and business transformation assistance. Studies show AIM has been successful in significantly increasing members' monthly incomes through its entrepreneur development initiatives.
Advisory Support for SMEs during their Life CycleADFIAP
KfW Bankengruppe is a German promotional bank that provides financing and advisory support to small and medium enterprises throughout their lifecycle. It offers various types of loans, equity investments, and guarantees. It also provides advisory services to complement its financial support. These include initial advice on starting a business, energy efficiency consulting, and turnaround advising for companies facing economic difficulties. The advisory services aim to increase startup success rates, efficiently implement financing programs, encourage energy savings, and support companies during crises. KfW thus offers both financial and advisory support packages to help SMEs through different stages of development.
The International Trade Centre has developed a strategy to build the capacity of small and medium enterprises (SMEs) through three levels: business and trade policy support, strengthening trade support institutions, and improving exporter competitiveness. The strategy focuses on increasing SME access to finance through partnerships with financial institutions, training SMEs in financial management, and facilitating dialogue between SMEs and banks. The ITC provides tools and services to SMEs, trade support institutions, and financial institutions to improve lending to SMEs and their export success.
Recent Disaster in Japan and DBJ’s Role for ReconstructionADFIAP
Recent disasters in Japan, including the 2011 Tohoku earthquake and tsunami as well as the Fukushima Daiichi nuclear disaster, caused widespread damage and over 15,000 deaths. The Development Bank of Japan (DBJ) will provide low-interest loans through government programs to support affected individuals, communities, and businesses during reconstruction efforts estimated to cost over $1 trillion. DBJ has over 60 years of experience financing infrastructure and economic development in Japan. It will draw on its expertise and international partnerships to play a key role in the country's recovery.
The document discusses the implications of the Copenhagen Agreement on climate change finance and the private sector's role. It outlines what the global community wants from the private sector in terms of technology innovation and investment in sustainable energy. It also examines what investors want in terms of risk, return and reliability. The document explores how policy can incentivize private financial institutions to invest in ways that address climate change, particularly in developing countries, and the need for international agreements to provide the necessary scale, competitiveness and credibility.
1. The document discusses green finance and public-private partnerships to promote green growth and address climate change issues.
2. It outlines Japan Bank for International Cooperation's (JBIC) green finance initiatives like "LIFE" which supports clean power, energy efficiency, water, and transportation projects through loans, equity investments, and cooperation with other development banks and private institutions.
3. JBIC also proposes new financial instruments like "GREEN" to scale up low-carbon investments using measurement, reporting and verification of emissions reductions.
Green banking and mrv adfiap takashi hongo jbicADFIAP
The document discusses Japan Bank for International Cooperation's (JBIC) efforts around green banking and measurement, reporting, and verification (MRV) of greenhouse gas emission reductions from projects. JBIC aims to balance economic growth and environmental protection by supporting green projects through a new "GREEN" financial program and J-MRV methodology. J-MRV provides a standardized process to measure and verify emission reductions from various project types to facilitate future carbon market participation and risk mitigation.
The document discusses the role of financial institutions in addressing climate change and business opportunities in public-private partnerships. It notes that climate change will impact businesses and that accounting for greenhouse gas emissions makes good business sense. It also provides examples of how development finance institutions in Asia are financing renewable energy, green technology, and other climate-friendly projects. The document emphasizes that as financial intermediaries, development banks have a role to play in mitigating climate change impacts and supporting climate initiatives.
The Development Bank of the Philippines (DBP) is a government-owned development bank that began promoting environmental commitments in 1992 under a World Bank program. DBP introduced strategies like capacity building, credit facilities, and partnerships to finance environmental and climate projects. In 2003 and 2010, DBP established the Carbon Investment Banking Facility and Carbon Finance Program respectively to register client projects under the Clean Development Mechanism and generate carbon credits for additional revenue. DBP has registered various project types and pioneered financing perceived high-risk environmental projects in the Philippines.
The document discusses agricultural weather index insurance in Thailand provided by the Bank for Agriculture and Agricultural Cooperatives (BAAC). It provides an overview of BAAC and its operations. It then discusses why risk management is important for farmers, how weather index insurance works as a risk management tool, and the pilot projects conducted from 2006-2010 to test weather index insurance. The pilots showed growing interest from more farmers and covered more provinces and districts over the years. Lessons learned included having a non-complicated model and collaboration between relevant organizations.
The document discusses the history of chocolate, from its origins in Mesoamerica to its popularity in Europe. It details how the Maya and Aztecs cultivated the cocoa bean and used it in drinks. The Spanish conquistadors brought cocoa back to Europe in the 16th century, where it eventually became widely popular after the invention of the chocolate press in the 18th century allowed it to be consumed as a solid form.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms for those who already suffer from conditions like anxiety and depression.
1) Remittances from migrant workers impact local economic development, entrepreneurship, savings, and job creation in their home countries.
2) Governments are working to tap into both official and unofficial remittance flows by developing lower-cost banking mechanisms and improving investment climates.
3) Initiatives to reduce transfer costs, help microfinance institutions, and develop new investment products tailored to migrants' needs could further boost remittance amounts and their developmental impact.
This document discusses the results of a Corporate Governance Scorecard initiative for commercial and universal banks in the Philippines.
1) Twenty total banks participated, including 7 commercial banks and 13 universal banks. Universal banks scored higher on average, with a score of 88% compared to 76% for commercial banks.
2) Scores were calculated based on categories related to shareholders' rights, treatment of stakeholders, control environment, disclosure and transparency, and board responsibilities. Universal banks scored highest in control environment and processes.
3) The results provide benchmark averages that individual banks can use for comparison, with the recommendation that banks be given time to improve their corporate governance practices and compliance based on the scorecard.
2. Overview
The CG Scorecard
The Process for the CG Scorecard Initiative
The Coverage
- Commercial and Universal Banks
The Questionnaire and Weights Used
Over - All results
Summary and Recommendations
3. The CG Scorecard
A Corporate Governance (CG) Scorecard is already
available for Publicly-Listed Companies (PLCs) since
2005.
The CGSC has become a joint undertaking involving ICD,
SEC and PSE since 2007.
It has become a useful tool for raising the standards of
compliance with CG rules and regulations
4. The CG Scorecard
Does observance of good corporate governance
practices matter; and does it make a difference in the
share price of corporations listed on the exchange?
The answer is a straightforward “yes”.
An econometric study that the PSE commissioned clearly
shows that high CG scores relate positively with firm
valuation.
5. The CG Scorecard for Commercial Banks
Commercial Banks
- commercial banks provide the predominant bulk of external
corporate finance in the Philippines
- corporations in the Philippines do rely much more---and
predominantly so---on commercial banks for their external
finance than on the stock exchange
Therefore:
There is a felt demand from the CG reform advocates in the
Philippines such as the Fellows of ICD for a more specific
focus on commercial banks.
6. The CG Scorecard for Commercial Banks
The Questionnaire
Initiated with the Bangko Sentral ng Pilipinas (BSP)
BSP has tapped ICD as its institutional partner in this
specialized CG undertaking
At the 2008 annual Woking Session in Palawan, a group of
ICD Fellows with the participation of the BSP Officers was
organized and agreed to prepare a preliminary
questionnaire that would be the basis of such a specialized
CG Scorecard.
Approved by the BSP Governor and the Monetary Board in
July 2009
7. The Process
Self rating
Validation process
Analysis of Scores
“Person on the Street”
approach takes the side of an ordinary investor, with no
special access to any privileged information.
8. Validation Process
Self Rating
Validator A and B
Evaluator A Evaluator B
UA & P 5th year
Management Students
Evaluator C
Validator C
ICD Project Director Institute of Internal
(Identification of Auditors (IIA-P)
Issues)
members
ICD Fellows
(Issue Resolution)
9. Results
Number of
Participants
7 Commercial Banks
13 Universal Banks
Out of 20 Banks Encouraged to Participate: All
Responded
100% PARTICIPATION
10. Results
List of Covered Banks
Universal Banks Commercial Banks
1 Allied Banking Corporation Asia United Bank
2 Banco De Oro Unibank 1 Corporation
3 Bank of the Philippine Islands
2 Bank of Commerce
4 China Banking Corporation
5 Development Bank of the Philippines 3 BDO Private Bank
6 Land Bank ofBank and Trust
Metropolitan the Phil. East West Banking
7 Company 4 Corporation
8 Philippine National Bank 5 Export and Industry Bank
9 Philippine Trust Company
Rizal Commercial Banking
Philippine Bank of
10 Corporation
6 Communication
11 Security Bank Corporation
12 Union Bank of the Philippines 7 Philippine Veterans Bank
13 United Coconut Planters Bank
11. The CG Scorecard for Banks
Weights Used in the Questionnaire
OECD Principles For PLCs For Banks
I. Rights of Shareholders 20% 15%
II. Equitable Treatment of 20% 10%
Shareholders
III. Role of Stakeholders 10% 10%
IV. Control Environment and ----- 20%
Processes
V. Disclosure & Transparency 25% 20%
VI. Board Responsibilities 25% 25%
12. Results
Aggregate Score for Commercial and Universal Banks
Universal and Commercial Banks Aggregate Score
Commercial Banks 76 %
Universal Banks 88% 84%
2008 CG Scorecard for PLCs Aggregate Score
Publicly-Listed Companies 72%
13. Results
Per Category Scores
Universal and Commercial Banks AVERAG
Categories Weight E
I The Right of Shareholders 15% 82%
II Equitable Treatment of Shareholders 10% 86%
III The Role of Stakeholders in CG 10% 82%
IV Control Environment and Processes 20% 89%
V Disclosure and Transparency 20% 83%
VI Board Responsibility 25% 83%
TOTAL 100% 84%
15. Results
Lowest and Highest
Universal & Commercial Banks Difference
Highest 96%
33
Lowest 63%
Top 3 and Bottom
3
Universal & Commercial Banks Difference
Top 3 94%
28
Bottom 3 66%
16. Results
Lowest and Highest
Universal Banks Difference
Highest 96%
29
Lowest 67%
Top 3 and Bottom
3
Universal Banks Difference
Top 3 94%
15
Bottom 3 79%
17. Results
Per Category Scores
Universal Banks
AVERA
Categories Weight GE
I The Right of Shareholders 15% 87%
Equitable Treatment of
II Shareholders 10% 90%
III The Role of Stakeholders in CG 10% 87%
Control Environment and
IV Processes 20% 91%
V Disclosure and Transparency 20% 86%
VI Board Responsibility 25% 86%
TOTAL 100% 88%
18. Results
Lowest and Highest
Commercial Banks Difference
Highest 90%
27
Lowest 63%
Top 3 and Bottom
3
Commercial Banks Difference
Top 3 85%
15
Bottom 3 70%
19. Results
Per Category Scores
Commercial Banks AVERA
Categories Weight GE
I The Right Treatment of
Equitable of Shareholders 15% 73%
II Shareholders 10% 80%
III The Role of Stakeholders in CG
Control Environment and 10% 70%
IV Processes 20% 86%
V Disclosure and Transparency 20% 75%
VI Board Responsibility 25% 76%
TOTAL 100% 76%
20. Summary and Recommendations
1. The objective of having a benchmark result, we now have:
1. The average score for all universal and other commercial
banks
b. The average score for all universal banks separately from the
average score for the other commercial banks.
c. The “per category scores” for the 6 CG categories included in
the CG scorecard questionnaire.
d. The difference between the average scores of the three top-
rated and the three lowest-rated for both Universal and
Commercial Banks.
21. Summary and Recommendations
2. While all the figures reported as averages for all universal
and other commercial banks are available as benchmarks for
the corresponding figures for individual banks, we believe that
at this stage, it is productive and proper to release ONLY the
average figures as benchmarks.
3. As in the case of the PLCs, we recommend that a sufficient
period of time should be allowed for universal and commercial
banks to improve their CG scores and raise their standards of
compliance.