Looks great - sorry I missed this important event. Can I request that the photo of Harpreet Bains and maurice leo is made into a caption competition? 😉
FMO, a Dutch Public Private Development Fund
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Founded in 1970, FMO is a public-private development bank. They have investments in more than 85 countries, offering private sector companies and financial insitutions in developing countries a variety of financial products, as well as expertise and access to their networks.
Sustainable economic growth starts with creating opportunities for individuals. Helping entrepreneurs and businesses to flourish by offering them the means they need is key to FMO. For instance, they actively search for long-term financing solutions and often take along other lenders through syndicated loan facilities.
FMO offers a range of financial products including long-term loans, private equity, and other tailor-made products. Their loans are characterized by typical maturities of 5 to 7 years. They are denominated in US dollar, Euro or local currency if possible.
#europeanunion#mfo#ubs#zkb#commerzbank#deutschebank#dz#unicredit#scb#hsbc#bnpparibas#creditsuisse#barclays#bancosantander#intesasanpaolo#ing#caixa#rabobank#danskebank#nordea#abnamro#kbc#lloydsbank#societegenerale#bangladesh#ceo#md#middleeast
Next week’s conference is set to be incredible, and we’re thrilled to announce another compelling session that you won’t want to miss!
Discover how credit unions in Africa are thriving in a rapidly growing market with over 34,000 CUs and financial cooperatives serving 43 million people across 29 countries. With a median age of just 18 and average loans of only $339 per member, Africa’s credit union landscape presents unique challenges and opportunities.
In this session, we’ll explore how African CUs are:
- Leveraging Fintech to enhance member services
- Utilizing Digital Transformation to drive innovation
- Overcoming Cultural Barriers to better serve women and communities
Learn how these strategies can be applied to your credit union, regardless of your location, to make a positive impact and drive growth.
Register today to secure your spot and gain valuable insights into this dynamic market!
#AACUC2024#CTC
What an amazing BAFT Europe 2024 conference! Thanks to the BAFT for their impeccable organization and to my fellow panelists Marc Recker, Amit Hathiramani and Patrik Havander for the vivid and thoughtful exchanges.
On our panel about “the future of cross-border payments and the G20 roadmap”, I had the opportunity to discuss the ongoing ISO 20022 migration for Correspondent Banking Payments and cash management Reporting messages as well as the different emerging solutions such as payment systems interlinking, Swift Go or One Leg Out schemes, that will help our payment industry to get closer to the four G20 targets in terms of speed, cost, access and transparency. Without forgetting what I call “the 5th element”, security under all its forms (fraud prevention, AML, cybersecurity, resilience, …), as our payment industry is first and foremost based on trust.
ISO 2022 rate of adoption is moderate but will keep increasing as other important infrastructures (CHIPS, CHATS, FEDWIRE, …) will be leading the way in the months to come. Rome was not built in one day. Major industry projects such as the ISO 20022 migration need a gradual ramping-up as investments are huge and necessitate the onboarding of the full ecosystem, starting from corporates and editors, in order to be efficient. It is of utmost importance to keep in mind the November 2025 migration deadline as ISO 20022 will help us to enhance interoperability between different solutions thanks to harmonized standards and usage rules, as well as to better our payment chains to offer worldwide frictionless payments.
As regards emerging payment solutions, having multiple alternatives is good but we might wonder if too many solutions would not be in the end detrimental to cross-border payments efficiencies, carrying in them further risks of fragmentation, liquidity traps and renewed frictions. The cross-border payment ecosystem will have to choose wisely where it wants to play its bets. The coming years definitely promise to be exciting for our industry!
#BAFT#BIS
I am looking forward to joining the BAFT panel discussion on “The future of cross-border payments and the G20 roadmap” that will take place in Frankfurt on Tuesday, January 16th!
Major steps have been taken by our industry to set up the foundations to promote ever more efficient cross-border payments, but are the ongoing developments quick enough to meet the challenging G20 payment authorities’ goals by end 2027?
#BAFT#G20
Societe Generale’s team of experts will be speaking in several panels at 2024 BAFT EUROPE Bank-to-Bank Forum in Frankfurt: come and meet us!
Societe Generale Corporate and Investment Banking - SGCIBJean-François MazureMarie-Gabrielle de DrouasVALERIE DECHAMPS
Nigerian banker Segun Agbaje's Guaranty Trust Holding Company (GTCO) is planning to raise $750 million in capital to strengthen its position in Nigeria's financial services sector. The capital injection aims to comply with regulatory requirements and sustain strong earnings growth. In 2023, GTCO's earnings surged by an impressive 219 percent, solidifying its position as a leading Nigerian financial services provider.
Despite the positive outlook, GTCO's stock price has dipped by 4 percent due to concerns about dilution for existing shareholders. Nonetheless, GTCO's capital raise is part of a broader trend of regulatory compliance and consolidation in Nigeria's banking sector. As one of Nigeria's top five banks, GTCO offers a diverse suite of services, ranging from retail and investment banking to pension and asset management.
Stay tuned for more updates on GTCO's capital raise and its impact on Nigeria's financial services sector. #Nigeria#financialservices#banking#regulatorycompliance#GTCO
Are you ready for an investor?! After 20 years of fund-raising 'pains', and securing $50M+ for my last firm, I have found there actually are some 'tricks of the trade' worth sharing. Join me at ICBC on March 14 and 15 in Barcelona to learn more! #icbc#icbcbarcelona#internationalcbc24#icbcbarcelonma24
The German depositary market continues on its consolidation path.
The latest statistics of the BVI Deutscher Fondsverband offer key insights into how the business is evolving.
German domiciled funds reached a total of 2835 bn EUR AuM, which is about 140% more than 10 years ago (2014: 1168 bn EUR). Now in 2024 69% of the total AuM lie with the top 5 custodians.📈
BNP Paribas - Securities Services#funds#BVI#Custodians
The General Meeting of Shareholders of Alpha Services and Holdings was held today via teleconference, sending a clear message of confidence for the future of our Bank. The General Meeting approved the distribution of a total amount of Euro 122 million dividend payment and share buyback, thus marking a return to the long tradition of rewarding our Shareholders, and the beginning of a new cycle in growth and profitability.
Speaking at the General Meeting, Chairman of the Board Vasileios Rapanos expressed his optimism for the domestic banking sector: "Greek banks have solidified their position in the last years by significantly improving their financial volumes, amid unstable global geopolitical and economic conditions. The enhanced liquidity has enabled them to enhance their loan portfolio through a prudent risk management, thus supporting the growth of the Greek economy."
Addressing the Shareholders, CEO Dr. Vassilios Psaltis, highlighted: "We are now in the strongest position of the last few years, and this fills us with confidence and decisiveness to reach new heights. Our goal is to make Alpha Bank the Bank that stands on the side of entrepreneurship, fosters international strategic partnerships with a view to offering opportunities to its Customers, while also investing in technology and daring to lead the agenda in the banking sector. Most importantly, an organization that supports our People, stands next to Society as a responsible partner, and is continuing to grow and reward our Shareholders."
Read more: https://alphab.gr/3YigI2h#AlphaBank#AlphaHoldings#GeneralMeeting#Tomorrow#GreekEconomy
Helping clients find solutions to complex problems (Posting only my personal views)
3moStyle and substance!