The African Development Bank scaled up operations to a record $11 billion in 2016, propelled by the ‘High 5s’ and New Development and Business Delivery model:
The African Development Bank (AfDB) released its annual report at a high-profile event in Ahmedabad on 24 May 2017 that marked its annual general meeting. This is for the fourth time that the annual meeting is hosted by a non-regional member country, after Valencia, Spain, in 2000; Shanghai, China, in 2007; and Lisbon, Portugal, in 2011.
HIGHER LENDING TO RMCS
AfDB delivered a record $11 billion worth of projects and programs during the year, targeting creation of 630,000 jobs mainly for youths and women, says the 2016 annual report. The report provides a comprehensive overview of the bank’s operations in its 54 Regional Member Countries (RMCs). In real terms, the 305 operations approved during the financial year 1 January 2016 to 31 December 2016 will bring electricity to some of the darkest parts of the continent, unlock growth potential for small businesses, nourish thousands of children, empower young entrepreneurs, and strengthen connectivity between African regions and cities.
The report says actual disbursements on these approvals reached $6.3 billion, a 55% increase over the figures for 2015 when approvals and disbursements stood at $8.78 billion and $4.20 billion, respectively.
Denne historien er fra June 2017-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra June 2017-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
It's a bank and a brokerage - FinecoBank
FinecoBank of Italy is a highly tech-enabled bank that is a combination of a bank and a brokerage:
A model for cloud adoption - Zurich Cantonal Bank
The bank is had opted for cloud to offer better service to its customers:
RBI Governor urges NBFCs to adhere to fair practices code
The Reserve Bank of India (RBI) Governor has urged Non-Banking Financial Companies (NBFCs) to strictly adhere to the Fair Practices Code, emphasizing sustainable growth and robust risk management in the sector.
Automated, Adaptive, Al-enabled Architecture is a must
Security heads from 2 BFSI companies reveal the key cyberfrauds and strategies to combat them:
Fraudsters too gain ground as real-time payment systems grow
There is a need for the technologies behind the real-time payment systems to gain a march over the methods of fraudsters:
Ethics & Challenges of AI in Cyber security: Navigating the Moral Maze
Even as AI is finding its place in the cyber security domain, an entirely new frontier of ethical challenges awaits.
Bangladesh Finance: 25% faster customer service; 15% higher customer retention
Bangladesh Finance, established in 1999, is a leading financial institution in Bangladesh.
Fino sparkles with technology & brand upshift
Fino Payments Bank started operations in June 2017, providing banking services to mass market customers, who are largely rural-based.
Savington Upshifts: 48% Faster, Churn down 31%
Savington International Insurance Brokers LLC, founded in 2006 by Dev Maitra, is a prominent insurance provider in the UAE.
Zoroastrian Bank: Multiple awards for being the Best
Established in 1927 by Sir Hormusjee Cowasjee Dinshaw Adenwalla, Zoroastrian Bank is a prominent urban cooperative bank headquartered in Mumbai, India.
