Macedonia
1. National Bank of Macedonia -
According to the Law on the National Bank of the Republic of Macedonia, the primary objective of the National Bank shall be to achieve and to maintain price stability. Other objective of the Bank, subordinated to the primary objective, shall be to contribute to the maintenance of a stable, competitive and market-based financial system. The National Bank shall support the general economic policies without jeopardizing the achievement of primary objective and in conformity with the principle of open market economy and free competition. To achieve the set objectives, the National Bank shall :
- design and conduct the monetary policy;
- participate in the determination of the exchange rate regime;
- design and conduct the exchange rate policy;
- hold and manage foreign reserves;
- issue and manage the banknotes and coins of the Republic of Macedonia;
- record and monitor the international credit operations and prepare the balance of payments of the Republic of
Macedonia;
- collect and produce statistics in pursuance of the tasks as required by the law;
- establish, promote, register and oversee sound, safe and efficient payment, settlement and clearing systems;
- regulate, license, and supervise banks, savings houses, e-money issuers and other financial institutions as
further specified in this Law or any other law;
- supervise the application of regulations that govern foreign currency operations, currency exchange operations, money transfer services and anti-money laundering systems, and customer protection, as further specified in
this Law or any other law;
- act as fiscal agent to the Government of the Republic of Macedonia;
- participate in international institutions and organizations concerning matters within its competence;
- organize trading and settlement of securities on the OTC markets and
- carry out any other activities related to the exercise of its tasks under the Law on the National Bank of the
Republic of Macedonia or any other law.
Address : Blvd Kuzman Josifovski Pitu 1, 1000 Skopje, Macedonia.
Website : www.nbrm.mk, Phone number : 389-2-3108-108
2. Alpha Bank -
Alpha Bank AD Skopje is a Macedonian universal commercial bank, unit of Athens-based Alpha Bank A.E. In 2012 the bank was the 13th largest commercial bank in terms of total assets in Macedonia. It is listed on the unofficial market of the Macedonia Stock Exchange. The bank was established in April 1993 under the name Kreditna Banka a.d. Skopje, and was one of the first private banks in Macedonia. In January 2000, Alpha Bank A.E., Athens, acquired the majority stake in the Macedonian lender and in 2002 it became its sole shareholder. Later the same year Kreditna Banka a.d. Skopje was renamed to Alpha Bank Skopje.
Address : 2 Dimitirie Chupovski Str., 1000 Bitola, Macedonia.
Website : www.alphabank.com.mk, Phone number : 389-2-3251-900
3. Halk Bank -
HALKBANK AD, Skopje was established on 15.03.1993 as a joint stock company. It has received full banking license in the Republic of Macedonia on the basis of the Decision No 02-15/x-5/93 by the National Bank of Republic of Macedonia (NBRM) and received the license for executing all banking operations in Republic of Macedonia.
HALKBANK AD, Skopje performs universal banking operations in the Republic of Macedonia, including but not limited to, deposit collection, corporate and retail lending, foreign exchange operations, domestic and foreign payments, trading of fixed income instruments, and trade finance. The bank does not operate in any other jurisdictions than Macedonia.
Since its foundation, the bank has pioneered significant achievements and developments in the Macedonian banking industry. It introduced the international systems of quality management EN ISO 9001:2008 and information security ISO 27001/2005, becoming the first bank in Macedonia to be
certified by these prestige standards of operation. HALKBANK AD, Skopje is also the first Macedonian agent of
Western Union Money Transfer System from USA for services related to quick money transfer transactions from and towards the country and abroad. The Bank has a wide international network, which includes correspondent relationships with 339 banks and account relationships with 17 foreign banks.
Being one of the mid-sized banks of the country, as it is classified by the NBRM, HALKBANK AD, Skopje has a significant reputation and recognition as an SME bank in the Macedonian market. HALKBANK AD, Skopje has also been enjoying long term relationships with international financial institutions in providing long term development funds to the Macedonian economy.
Address : “Sv. Kiril i Metodij“ br. 54, 1000 Skopje, Macedonia.
Website : www.ikbanka.com.mk, Phone number : 389-2-3250-972
4. Capital Banka -
Capital Banka is the Macedonian market for 15 years as the first bank with foreign capital in the banking sector, setting the foundation for the transformation of the banking industry in Macedonia. In 2000, Capital Bank, which was first placed on the market debit and credit cards, charge and revolving loans, instant cash loans, business packages and POS network and services in the field of servicing entities in the areas of lending, payment, issuance guarantees, payment of salaries, Banking and more. From the beginning of its operations Capital Bank became synonymous input innovation of the banking market in the country, guided by the basic aim to offer a high quality service to its customers.
Bank continuously invests in professional processes with emphasis on efficiency and design products according to customer needs providing a significant contribution to the creation of their success. Since 2007, Capital Bank became part of Alfa Finance Holding, a leading Bulgarian group in the field of financial services, real estate, industrial minerals, sources of clean and renewable energy, active across Southeast Europe. From then on, promote new structure, innovative approach, management and business strategy. Capital Bank has recently moved to new expanded offices of TC Soravija in order to offer its customers new and improved services, additional benefits and direct contact, following the European trend for modern banking. Branch 1 is located on the -1 floor in the mall, while the second branch is positioned in the central frequency of the Strumica.
Our Mission
Our mission is to offer customers the highest standard of financial services to help them achieve their set personal and business goals, while building long-term relationships and mutual benefit. We believe in improving the prosperity of our customers, our employees and shareholders by providing new value to those we serve.
Our vision
Capital Banka is a bank specializing in the supply of banking services to micro, small and medium companies, offering portfolio kartichni products, public finance, corporate finance and real estate financing, financial operations, retail banking, deposit operations, domestic and international payments, and Private Banking . The Bank operates as a center of competence in offering customers the highest level solutions for small, micro and medium enterprises, corporations, municipalities and public-private projects through a combination of financial products tailor-made and suitable financial consulting. Our unique market positioning is built as a result of membership in Alpha Finance Holding a leading European financial services group in Southeast Europe aims at achieving a leading position on the Macedonian market, while maintaining a sense of local values.
Our Values
Security - We aim to solid growth and maximizing value by providing financial services of the highest standard.
Trust - We believe that trust is the starting point in each collaboration and believe that mutual trust between our clients, partners, employees and shareholders can create additional value.
Feeling the pulse of Macedonia - offer flexible financial solutions, fully aware of the growing necessities of the local market.
Commitment to clients - creating superior banking experience with setting our valued customers in the first place.
European Best Practice - offer innovative products and services derived from the best European standards and practice.
Our principles
• We are committed to achieving the strategic objectives and maximize return on capital.
• Work on solid result considering the risks.
• positioned as visokokompetenten challenge in several fields, with products tailored for micro, small and medium companies, municipal and public-private projects, combining financial products with consulting services.
• Our employees are our principal capital. We highly appreciate the professionalism and expertise and promote an environment where individual skills are stimulated and apply knowledge effectively.
• We aim to open and direct communication with our employees and partnerships with our customers.
Address : Street. Philip II of Macedon No.3, TC Soravia floor 6, 1000 Skopje, Macedonia.
Website : www.capitalbank.com.mk, Phone number : 389-2-3102-563
5. Komercijalna Banka -
Komercijalna Banka AD Skopje is one of the leading banks in Macedonia, which in its long existence built image of a bank with tradition, trust, reliability, innovation and a strong national and international reputation. How universal Macedonian independent private bank offering a wide range of banking activities, from collecting deposits, crediting of legal entities and citizens, services in international and domestic payment operations, mediation in the purchase of foreign currency, securities, etc. forfeiting.
Through the widespread network of city branches, branches, ATMs and POS terminals, which is constantly increasing, the Bank is always close to service to the final users. Business network of the Bank consists of 11 branches (Prilep, Ohrid, Veles, Strumica, Kocani, Stip, Kavadarci, Kumanovo, Gostivar, Bitola and Tetovo) and 54 branches, of which 38 are located in Skopje. Until now in the Republic of Macedonia the Bank has installed 145 ATMs and many POS terminals. For the purpose of performing fast and efficient international services for its clients, the Bank has established banking relations with over 600 banks in over 117 countries and correspondent relations with 41 banks.
US Patriot Act Certification
Bank's share capital is consisted of 2,014,067 ordinary and priority shares. Shares of Komercijalna Banka AD Skopje are listed on the official market of the Macedonian Stock Exchange Market and are included in the calculation of the Macedonian stock index, and by 2007 they were listed in the segment of the super-listing.
Address : Komercijalna Banka AD Skopje, Orce Nikolov 3, 1000 Skopje, Macedonia.
Website : www.kb.com.mk, Phone number : 389-2-3296-800
6. Macedonian Bank for Development Promotion -
Foundation
Macedonian Bank for Development Promotion AD Skopje is the only development bank in the Republic of Macedonia founded with a special Law on Establishing the Macedonian Bank for Development Promotion on May 21st, 1998 (Official Gazette of RM No. 24/98, 6/2000, 109/2005 and 130/2008). In 2009, a new Law on MBDP was adopted (Official Gazette of R.M. No. 105/2009) aimed at improvement of the Bank position and the specific role MBDP has as a development bank in the banking industry and in the economy of the Republic of Macedonia.
Strategic Goal
MBDP is a development and export bank which strategic goal is to provide support and to incite development of the Macedonian economy through providing finance to small and medium-sized enterprises and export oriented companies. The Bank operates pursuant to the strategic policies, goals and the priorities of the Republic of Macedonia under supervision of the Ministry of Finance and in accordance with the banking regulation under supervision of the National Bank of the Republic of Macedonia. MBDP is responsible for its liabilities with all its assets, and the Republic of Macedonia garantees for the liabilities of the Bank.
Activities of MBDP
- financing the development of the Macedonian economy
- financing of infrastructure
- providing support to the development of small and medium-sized enterprises in the Republic of Macedonia
- instigating exports
- instigating environment protection
- providing export credit insurance of Macedonian products and services against commercial and political risks
- supporting the regional development
Ownership
MBDP is a joint stock company and the Republic of Macedonia is a sole founder and 100% owner of the Bank.
Employees
As of 31.12.2012, MBDP has 39 employees.
Mission
Our mission as a development and export bank of the Republic of Macedonia is to support the creation of new
values based on knowledge, cultural heritage and natural resources aming at constant and balanced development
of all regions throughout the Republic of Macedonia.
Address : 26 Veljko Vlahovic Str., Skopje 1000, R. Macedonia.
Website : www.mbdp.com.mk, Phone number : 389-2-3115-844
7. NLB Tutunska Banka -
NLB Tutunska banka AD Skopje is a leading banking institution in the Republic of Macedonia, with a permanent uptrend of growth and positive results, since its establishment to date. The Bank belongs to the group of large banks and, according to its net assets, it is the third largest banking institution in the Republic of Macedonia.
The success of NLB Tutunska banka is due to the implementation of standards of high quality in its operation, the modern IT infrastructure, its successful market strategy, as well as its professional management, reinforced by the NLB brand.
Bank's Mission
Our goal is to be among the leading financial institutions in the country.
To provide a higher level of service quality, a modern offer of new products, and to build the Bank's tradion.
To make profit through efficient and cost-effective operation.
Address : Majka Tereza 1, 1000 Skopje, R. Macedonia.
Website : www.nlbtb.com.mk, Phone number : 389-2-3115-600
8. Ohridska Banka -
Ohridska Banka AD Ohrid is a universal banking institution with a wide range of banking services in the country and abroad. The bank has a sixth decade experience and tradition, with significant improvement and development through the transformations in the banking system. Since 1995 Ohridska Banka operates as an independent bank. With a clear vision for development and efficient management, the Bank has grown into a modern financial institution of universal type with a widespread network of branches, with a wide range of financial services, sophisticated information technology, defined strategy and highly professional personnel, trained to perform complex banking operations.
In May 2007, Ohridska Banka A.D. Ohrid concluded a strategic partnership with Societe Generale and became a member of Société Générale Group. Hence, the Bank has become a part of this solid international financial group. Societe Generale (Société Générale) accounts for 70.02% of the total capital of the Bank, and the remaining 29.98% is owned by legal entities and individuals. The development of the bank is highly dynamic and marked with an increase in the extent of work and the continuous enrichment of the portfolio with new products and services, as well as expanding the scope of activities and the number of clients.
Ohridska Banka permanently increases the financial potential, and according to total assets the Bank is ranked fourth in the banking system. The Bank has developed a wide network of correspondent relations with foreign banks, which provides high quality services and the service quickly and efficiently perform foreign payment operations. The basic strategy of Ohridska Banka, Societe Generale Group (Société Générale Group) is the constant advancement of the quality of execution of banking services and its full dedication to meet the needs of clients. Through its headquarters in Ohrid, and the Skopje-based Commercial centre, and the widespread network of 29 branches on the territory of Macedonia, the Bank carries out all banking transactions in the country and abroad, following the basic principles of banking operations - stability, liquidity, profitability, and solvency. Shares of Ohridska Banka AD Ohrid are listed on the official market of the Macedonian Stock Exchange.
Acknowledgment of the success of Ohridska Banka are numerous awards such as: Best bank in Macedonia 2010 by Euromoney; Certificate for good corporate governance in 2008, 2009 and 2010, awarded by the Economic Chamber of Macedonia, Transparency zero corruption and Economic Chamber of North-West Macedonia ; Corporate Philanthropy Award for a large national company in 2008, awarded by the Centre for Institutional Development CIR-a; Recognition for socially responsible practices by the Ministry of Economy of Macedonia, the status of Superbrands 2009 promulgated by the Superbrands organization and a Certificate of appreciation, recognition of active participation and outstanding contribution to the National program for Internship and Employment Program of the USAID Competitiveness Project.
Address : Makedonski Prosvetiteli 19, 6000 Ohrid, Macedonia.
Website : www.ob.com.mk, Phone number : 389-2-254-134
9. Post Bank -
Post Bank AD Skopje as legal successor of the Postal Savings Bank is the oldest financial institution in the country whose beginnings date back to 1921. As a registered bank of 04.06.2001 on the basis of the Law on Public Enterprises (Official Gazette of RM No. 38/96 and Article 122 of the Banking Law (Official Gazette No. 63/2000) and the Decision of the Board the PE Macedonian Mail postal traffic CO Skopje (8th regular meeting held on 26.02.2001 year) for reorganizing the Postal Savings Bank Ltd, Skopje Post Bank AD Skopje. Pursuant decision and the decision of the National Bank of Macedonia br.02-14/-297-2001 year license, the reorganization is registered in the Basic Court Skopje 1 year treg.br.2297/2001 04.06.2001.
In 2005 Euro Standard Bank AD Skopje took control stake in Post Bank AD Skopje. After taking Post Bank AD Skopje completely restructured. Bank introduced a new organizational structure, improve the structure of employees, multiply the credit decision procedures, procedures for risk management and improve corporate governance. Today, Post Bank AD Skopje is a bank with the widest branch network that provides services to legal entities and individuals.
Mission Post Bank AD Skopje
The mission of the Post Bank AD Skopje is becoming universal banks, which will offer all banking services to customers all over the country. Special emphasis Bank will put the services they use population, taking into account the advantage of the Bank arising from the use of the wide network of branches of Macedonian Post AD, Skopje working through Post Bank AD Skopje. The potential entry of a strategic investor will enable the Bank to offer new types of banking products and services that will help strengthen and expand the client base.
Vision of the Post Bank AD Skopje
In fulfilling its mission, Post Bank AD Skopje is guided by several basic principles :
- operational activities under the legislation;
- providing quality banking products and services to households and corporate customers;
- development of a wide range of products and services and constantly improve their quality;
- monitoring the profitability of products and services and the choice of the most appropriate marketing mix;
- strengthening and improving the quality of the assets and liabilities of the Bank;
- Return on assets which will cover operating and financing costs will accumulate adequate reserves are
maintained banking growth and ensure optimal return on equity.
In order to fulfill the mission, Post Bank AD Skopje continuously :
- introduction of new products and services;
- reorganization of the network;
- setting high safety standards for timely and secure execution of transactions;
- expanding network of ATMs and POS terminals;
- introduction of services for customer notification.
Address : Ul.27 March No.6, 1000 Skopje, Macedonia.
Website : www.postbank.com.mk, Phone number : 389-2-3103-200
10. Procredit Bank -
ProCredit Bank is a development-oriented full-service bank. We offer excellent customer service to private individuals and enterprises. In our operations, we adhere to a number of core principles: we value transparency in our communication with customers, we do not promote consumer lending and we provide services which are based both on an understanding of each client’s situation and on sound financial analysis. This responsible approach to banking allows us to build long-term partnerships with our clients based on mutual trust.
In our operations with business clients, we focus on very small, small and medium-sized enterprises, as we are convinced that these businesses create jobs and make a vital contribution to the economies in which they operate. By offering simple and accessible deposit facilities and other banking services and by investing substantial resources in financial education we aim to promote a culture of savings and responsibility which can help to bring greater stability and security to ordinary households.
Our shareholders expect a sustainable return on investment over the long term, rather than being focused on short-term profit maximisation. We invest extensively in the training and development of our staff in order to create an open and efficient working atmosphere, and to provide friendly and competent service for our customers.
Address : Jane Sandanski 109а, 1000 Skopje, Macedonia.
Website : www.procreditbank.com.mk, Phone number : 389-2-3219-900
11. Stopanska Banka -
Stopanska banka AD – Skopje is a Bank with the longest tradition on the Macedonian market. Founded as the first bank in Macedonia in 1944 Stopanska banka set the foundations of banking and is still the leader in the development and implementation of the most sophisticated financial products and services for the retail and corporate segment operation in Macedonia. At the beginning of year 2000 Stopanska banka AD – Skopje managing package of shares was bought by National Bank of Greece Group – the largest SEE group. With this significant step, the Bank ensured its continuing growth and development into a successful company according to the world bankinh standards.
After the entrance of NBG, Stopanska banka AD – Skopje strengthened its competitive advantage through intensive restructuring. The Bank introduced a sophisticated Information System and a new organizational structure, it cleaned its credit portfolio, introduced standardized procedures for credit decisions, risk management and supply management, it improved the employee structure and became the leading company in the country in corporate management. Today, Stopanska banka AD – Skopje in a Bank with the biggest number of clients in the retail and corporate segment, Bank with the most developed network, largest portfolio of lending and deposit products and a Bank with the biggest assets.
Address : 11 Oktomvri 7, 1000 Skopje, Macedonia.
Website : www.stb.com.mk, Phone number : 389-2-3100-109
12. TTK Banka -
TTK Banka is a medium-sized bank and is one of the few banks with dominant domestic capital. It has widespread business network throughout R. Macedonia, with a total of 8 branches, 21 sub branches and 1 counter as well as 257 employees (by end of 2011). TTK Bank is an universal commercial bank that provides banking and other financial services via wide range portfolio of products and services for retail and corporate clients tailor made according to customer’s needs and requirements, such as: accounts, loans, saving deposits, Visa – debit and
credit cards, International and domestic payments operations, foreign exchange operations, MoneyGram, banking
guarantees, letter of credit, trading insecurities, E-banking, treasury.
Mission
TTK Bank shall be the best partner bank of small and medium enterprises in Macedonia and first-choice bank for
retail clients, aiming at creation of highest values for its clients and shareholders.
Vision
It shall create values for clients and employees, as well as for shareholders, trough staff efforts and continuous improvement of operations.
Address : Naroden Front 19A 1000 Skopje, Macedonia.
Website : www.ttk.com.mk, Phone number : 389-2-3236-400
13. UNIBank -
Since 1993, UNIBank promoted as a leader in the middle group of banks in the country, thanks primarily to the trust that was given to us by our customers, and continuous process improvement of operations and employees.
Designing and implementing a series of innovative products and services to be provided in response to customer needs, driven by European and global banking standards. Our clients offer an exceptional system of values based on tradition, security and stability. Throughout these years, the bank has grown along with its customers today with pleasure we can show the following figures :
- 20 years of successful and stable operation
- More than 200,000 customers
- 35 branches throughout Macedonia
- The largest number of ATMs in Macedonia
- The largest number of issued cards
- First bank in its operations introduce chip technology protection
- First bank to introduce electronic payment online
- New novativen work approach
- Direct access and direct communication with customers
Role of UNIBank in domestic market
Through an active role in domestic and international payment operations through the years of its existence, UNIBank shows positive financial indicators in all segments of its operations. corporate social responsibility are active participant in the creation of corporate social values and supporter of youth sports, culture and art.
Development
Recognized as bank notes fast development, innovation and transparency, quality service, direct and immediate access to interaction with customers, we are recognized by our mission of being - Bank customers!
Vision
Our vision is to be leaders in innovation constantly in the market following the global / European banking trends and their implementation in the domestic market, thus offering extra incentives and benefits to its customers.
Employees
Our goal is to choose a young staff and provide them with their first work experience to gain in our bank.
continually educate employees with opportunities for rapid progress in his career.
Caring for customers
Guided by global criteria for customer service, constantly monitoring and measuring zadovolenosta our
customers. With constant research of our endeavor to offer our clients maximum comfort in the use of banking
services.
Address : Maxim Gorky 6, 1000 Skopje, Macedonia.
Website : www.unibank.com.mk, Phone number : 389-2-3286-130
Malaysia
1. Affin Bank Berhad -
AFFIN Bank Berhad (AFFINBANK) is a wholly-owned subsidiary of Affin Holdings Berhad which is listed on Bursa Malaysia. The Bank serves both retail and corporate customers. The business units of the Bank comprise Enterprise Banking, Consumer Banking, Debt and Capital Markets and Hire Purchase. Consumer Banking provides credit cards, personal loans, mortgages and deposit taking services to individuals. Enterprise Banking offers corporations, institutional clients and SMEs services in corporate banking, contract financing and trade finance. Enterprise Banking serves as an important feeder to the other business units by way of contacts and opportunities. Commenced operations on 1st April 2006, Affin Islamic Bank Berhad (Affin Islamic) is Affin Bank Berhad's Islamic banking subsidiary. Affin Islamic was incorporated on 13th September 2005 with an authorized capital of RM1 billion and have an initial paid-up capital of RM160 million. Affin Islamic was granted an Islamic Banking license from the Minister of Finance with the effective commencement date of 1st April 2006. On November 18, 2009, the Bank signed a Memorandum of Understanding.
Address : 17th Floor, Menara Affin, 80 Jalan Raja Chulan; Kuala Lumpur, Malaysia.
Website : www.affinbank.com.my, Phone number : 603-2055-9000
2. CIMB Bank Berhad -
CIMB Bank is a leading ASEAN universal bank, the largest Asia Pacific (ex-Japan) investment bank and one of the world's largest Islamic banks. Its headquartered is in Kuala Lumpur, Malaysia and offers consumer banking, wholesale banking, Islamic banking and asset management. It is the fifth largest banking group by assets in Southeast Asia and at the end of June 2013 had over 40,000 staff and approximately 13 million customers.
The Group's retail banking branch network is the widest in the region, with 1,060 retail branches in Malaysia, Indonesia, Singapore, Thailand and Cambodia.
The Group has substantial wholesale banking operations. Its corporate banking and treasury markets business offers one of the most comprehensive and integrated product and service suites among universal banks in ASEAN. Its investment bank is the largest in Asia Pacific (ex-Japan) with offices in ASEAN's main markets and in Bahrain, Colombo, Hong Kong, Melbourne, Mumbai, Shanghai, Seoul, Sydney and Taipei. In addition it has equity sales operations in London and New York. Products and services are complemented by partnerships and alliances with various leading companies including the Principal Financial Group, Bank of Tokyo-Mitsubishi UFJ, Sun Life Assurance, Allianz Insurance, Thai Life Insurance, Sri Ayudhya General Insurance, and Mapletree Investments.
Address : Menara Bumiputra Commerce No 11 Jalan Raja Laut 50350 Kuala Lumpur, Malaysia.
Website : www.cimb.com, Phone number : 603-2084-8888
3. Public Bank Berhad -
46-Year Journey of Growth
Conceptualised as 'a bank for the public' by its Founder and Chairman, Tan Sri Dato' Sri Dr. Teh Hong Piow, Public Bank commenced business on 6 August 1966, and was listed on the Kuala Lumpur Stock Exchange (KLSE) on 6 April 1967. To-date, the Public Bank Group has grown into a premier banking group in Malaysia, with overseas market presence in Cambodia, Vietnam, Laos, Hong Kong, China and Sri Lanka. As a leading financial services provider in Malaysia, the Public Bank Group offers a comprehensive range of financial products and services covering, amongst others, personal banking, commercial banking, Islamic banking, investment banking, share broking, trustee services, nominee services, sales and management of unit trust funds, bancassurance and general insurance products. With a total of 377 branches and employing over 17,600 people, the Public Bank Group caters to the financial needs of over eight million customers in Malaysia and in other countries in which the Group operates.
With total assets of RM274.62 billion as at the end of 2012, the Public Bank Group is the third largest banking group in Malaysia and ranked number six by asset size in Southeast Asia. Public Bank is the largest non-government-linked corporation in Malaysia with a market capitalisation of RM57.52 billion as at the end of 2012.
With its unbroken track record of strong and consistent profitability in the last 46 years, the Public Bank Group has demonstrated its strong and consistent ability to execute and meet its key performance indicators and brand promise to its customers. The PB Brand has been built based on integrity, honesty and excellent service delivery. These are complemented by accountability, excellent corporate governance, strong corporate culture, prudent management and competitive products and services.
Focused and Consistent Growth Strategy
The Public Bank Group adopts a focused and consistent growth strategy, which is to pursue organic growth in the retail banking business focusing on retail consumers and small- and medium-sized enterprises ("SMEs"), and strives to further increase its leadership in this broad-based retail banking market. Growth in the retail banking business is consistently focused on retail lending, deposit-taking and fee-based businesses. To drive business growth and increase its market share in retail banking, the Public Bank Group leverages on its well-established customer service infrastructure and processes and practices to deliver prompt and consistent service to meet the needs of its customers.
Core Business Growth
In the retail lending business, the Public Bank Group remains focused on growing its loans in residential mortgages, passenger vehicle financing and lending to SMEs. In an intensely competitive market where loan products are highly commoditised, the Group actively competes in the market for business growth and increased market share by differentiating itself through its highly efficient customer service delivery standards. As at the end of 2012, Public Bank maintained its leading position in residential mortgages, passenger vehicle financing and commercial property financing in Malaysia, with market shares of 19.1%, 26.4% and 33.7% respectively. Over the years, the Public Bank Group has been building a strong franchise in the deposit-taking business. Customer deposits have been growing steadily both in terms of the deposit customer base and the amount of deposits placed with the Group. As at the end of 2012, total deposits from customers of Public Bank in Malaysia recorded a growth rate of 13.0%, which is above the domestic banking industry's growth rate of 8.4%. This reflects the high level of confidence that customers place in Public Bank to safeguard their funds. Public Islamic Bank, a wholly-owned subsidiary of Public Bank, started its full-fledged Islamic banking business in 2008. It will continue to focus on Islamic consumer financing and retail commercial lending to SMEs. The Public Bank Group continues to intensify its effort to grow fee-based businesses through its wholly-owned subsidiary, Public Mutual, which contributes a significant proportion of the non-interest income of the Group. Public Mutual has remained a dominant player in the private sector fund management industry in Malaysia with a leading market share of 40.8% as at the end of 2012 due to its superior fund performance, strong distribution capabilities and strong brand.
Multiple Delivery Channels
The Public Bank Group has a large and well distributed branch network of 255 branches in Malaysia to better service its large customer base of individuals and business enterprises. The Group further expanded its wide network of self service machines to 522 Automated Teller Machines, 532 Cheque Deposit Machines, 405 Cash Deposit Terminals and 186 Cash Recycling Machines for greater customer convenience. The Group has also expanded its internet banking and mobile banking service capabilities for greater access by customers to its banking services. The Group will continue to tap on its large sales and marketing force and strategic alliance with key partners to deliver high value products and services to its customers.
Regional Player
Today, the Public Bank Group's overseas operations comprise 122 branches, with 83 branches in Hong Kong, 3 branches in China, 24 branches in Cambodia, 7 branches in Vietnam, 4 branches in Laos, a branch in Sri Lanka and 3 representative offices in Shanghai, Shenyang and Taipei.
Strong Financial Ratings
The Public Bank Group continues to be accorded strong credit and financial ratings for its consistent record of prudent management, strong risk management, excellent corporate governance, strong and consistent financial performance, superior asset quality and healthy capitalisation. Standard & Poor's reaffirmed Public Bank's A- long-term rating and A-2 short-term counterparty credit rating with stable outlook. Moody's Investor Service reaffirmed Public Bank's long-term deposit rating of A3 and revised its short-term deposit rating to P-2 based on Moody's new Consolidated Global Bank Rating Methodology, with stable outlook. Rating Agency Malaysia reaffirmed the Bank's long-term rating of AAA, the highest rating accorded by Rating Agency Malaysia, and its short-term rating of P1.
Awards and Accolades
The Public Bank Group continues to earn recognition and trust for its strong and sustained financial performance and prudent management. In 2012, Public Bank was honoured with 36 awards, including many best bank awards and excellence in corporate governance by national and international publications. These were in recognition of the Public Bank Group's sustainable financial performance and excellence in the key areas expected of a banking institution by its stakeholders. Public Bank's Founder and Chairman, Tan Sri Dato' Sri Dr. Teh Hong Piow, continues to be honoured with awards of excellence for his sterling leadership and extraordinary achievements, as well as enormous contributions to the Public Bank Group and to the banking industry in Malaysia and in the region.
Corporate Social Responsibility
As a responsible corporate citizen, the Public Bank Group remains committed to uphold its corporate social responsibility ("CSR") in the areas of nation building, development of the market place and enrichment of the work place. The Group supports the community through programmes such as education, graduate employment, professional development and environmental conservation as well as in support of the underprivileged. The Public Bank Group's CSR at the work place includes initiatives to enhance the core competencies of the staff, so as to further raise their contribution, productivity and efficiency. The Group believes that in fulfilling its corporate social responsibilities, the Group also enhances its corporate image, reputation, goodwill and brand value.
Our Commitment
In spite of its success, the Public Bank Group will never rest on its laurels. Given the increasingly challenging economic environment, the Group will continue to strive harder to deliver value to its stakeholders. To its customers, the Group will continue to provide competitive financial products and services to meet increasingly sophisticated customer demand. To its shareholders and investors, the Group will continue to enhance shareholder value with its strong financial performance. To its staff, the Group will continue to invest in human capital development initiatives to enhance core competencies and productivity.
Address : 146, Jalan Ampang, 50450 Kuala Lumpur, Malaysia.
Website : www.pbebank.com, Phone number : 603-2176-6000
4. Alliance Bank -
Alliance Bank Malaysia Berhad is a banking group offering end-to-end banking and financial solutions through its consumer banking, business banking, Islamic banking, investment banking and stock broking businesses as well as unit trust and asset management, having served the financial community over the past five decades.
The banking group is involved in the provision of financial services through its principal subsidiaries, Alliance Bank Malaysia Berhad, Alliance Investment Bank Berhad, Alliance Investment Management Berhad and Alliance Islamic Bank Berhad. It provides easy access to its broad base of customers throughout the country via multi-pronged delivery channels which include retail branches, Privilege Banking Centres, Islamic Banking Centres, Business Centres, Investment Bank branches, direct marketing offices and unit trust agent offices located nationwide, as well as mobile and Internet banking.
Address : Capital Square, No. 8, Jalan Munshi Abdullah, 50100 Kuala Lumpur, Malaysia.
Website : www.alliancebank.com.my, Phone number : 603-2604-3333
5. OCBC Bank -
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second-largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. It is also ranked by Bloomberg Markets as the world's strongest bank in 2011 and 2012. OCBC Bank and its subsidiaries offer a broad array of specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.
OCBC Bank’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has a network of over 450 branches and representative offices in 15 countries and territories, including more than 330 branches and offices in Indonesia that are operated by its subsidiary, Bank OCBC NISP. OCBC Bank's insurance subsidiary, Great Eastern Holdings, is the largest insurance group in Singapore and Malaysia by assets. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia. Private banking services are provided by subsidiary Bank of Singapore, which continued to gain industry recognition in 2011 including being voted the “Outstanding Private Bank in Asia Pacific” in 2013 by Private Banker International.
OCBC Bank offers Islamic banking products and services in Malaysia through its wholly-owned subsidiary, OCBC Al-Amin Bank Berhad. After being actively involved in offering Islamic banking products and services since 1995, OCBC Bank launched its wholly-owned Islamic banking subsidiary, OCBC Al-Amin Bank Berhad, on 1 December 2008. OCBC Al-Amin offers products and services which are developed based on the applicable Shariah contract and with the endorsement of the Shariah Advisory Committee to meet the requirements of both Muslims and non-Muslims alike. Features such as fixed financing rates and profit sharing have attracted a growing group of loyal customers who wish to draw from the Islamic principles of fairness, caring and accuracy.
Address : Menara OCBC, No. 18 Jalan Tun Perak, 50050 Kuala Lumpur, Malaysia.
Website : www.ocbc.com.my, Phone number : 603-8317-5200
6. May Bank -
Malayan Banking Berhad is the holding company and listed entity for the Maybank Group with branches in Malaysia, Singapore and other international financial centres such as London, New York, Hong Kong and Bahrain.
Key Operating Subsidiaries
Maybank Investment Bank Berhad
A wholly-owned subsidiary and the investment banking division of Maybank. It offers a complete range of investment solutions from corporate finance to debt capital markets, equity markets to research and strategic advisory.
Kim Eng Holdings Ltd
A wholly-owned subsidiary of Maybank. Kim Eng is a regional securities powerhouse with successful franchises across Asian financial markets. It is the leading securities firm in Thailand and in the Philippines.
Maybank Islamic Berhad
Maybank Group’s wholly-owned, full-fledged licensed Islamic bank. Maybank Islamic is the largest provider of Islamic financial services in the Asia Pacific region and ranked 17th among the world’s Islamic financial institutions in terms of Shariah-compliant assets.
Etiqa
Etiqa is the brand for Maybank Group’s insurance business. It offers all types and classes of Life and General conventional insurance as well as Family and General Takaful plans via a robust agency force of over 21,900 agents complemented by a wide bancassurance and bancatakaful network.
Bank Internasional Indonesia Tbk
A 97%-owned subsidiary of Maybank. It is 8th largest commercial bank by assets and is listed on the Jakarta Stock Exchange (Ticker: BNII) The bank provides a full range of financial services for SME/Commercial, Consumer and Corporate Banking customers.
Address : 100 Jalan Tun Perak, 50050 Kuala Lumpur, Malaysia.
Website : www.maybank.com.my, Phone number : 603-2070-8833
7. Bank Negara Malaysia -
Established on 26 January 1959 under the Central Bank of Malaysia Act 1958 (CBA 1958). Bank Negara Malaysia or Central Bank of Malaysia has been repealed by the Central Bank of Malaysia Act 2009 which became effective on 25 November 2009. It is a statutory body wholly owned by the Government of Malaysia with the paid-up capital progressively increased, currently at RM100 million. The Bank reports to the Minister of Finance, Malaysia and keeps the Minister informed of matters pertaining to monetary and financial sector policies.
Roles and Functions
Among the major role of the Bank is the prudent conduct of monetary policy, which has seen generally low and stable inflation for decades and thereby, preserving the purchasing power of the ringgit. The Bank is also responsible for bringing about financial system stability and fostering a sound and progressive financial sector. There is now in place a well diversified, comprehensive and resilient financial sector, that is able to meet the increasingly sophisticated needs of consumers and businesses, and which has become a growth driver in the economy. The Bank also plays a significant developmental role, including development of financial system infrastructure with major emphasis placed on building the nation's efficient and secured payment systems as well as the necessary institutions (including Securities Commission, KLSE, now known as Bursa Malaysia and Credit Guarantee Corporation) which are important towards building a comprehensive, robust and resilient financial system. The Bank actively promotes financial inclusion, which has led to improved access to financial services for all economic sectors and segments of society, thereby supporting balanced economic growth.
Other important roles of the Bank are being a banker and adviser to the Government, playing an active role in advising on macroeconomic policies and managing the public debt. It is also the sole authority in issuing currency as well as managing the country's international reserves. The roles of the Bank are supported by 39 departments/units in the Bank covering seven functional areas as follows :
Economics & Monetary Policy
Primarily provides good technical and research support on growth-related issues to enhance formulation of monetary and credit policies in promoting monetary stability and ensuring the availability of adequate credit to finance economic growth.
Investment and Operations
Manage domestic liquidity and exchange rates to ensure that monetary policy targets are achieved as well as managing external reserves to safeguard its value and optimise its returns. It also has the responsibility of providing advice and assistance to the Government in the area of debt and fund management and contributing to domestic financial market development.
Regulation
Promote financial sector stability through the progressive development of sustainable, robust and sound financial institutions and financial infrastructure, thus enabling a competitive local financial industry to be resilient against the changing future environment as well as leads initiatives to enhance access to financing. It also formulates and implements policies and strategies towards building and positioning Malaysia as a premier integrated Islamic Financial Centre and enhance the financial capability of consumers.
Address : Jalan Dato' Onn, P.O. Box 10922, 50929 Kuala Lumpur, Malaysia.
Website : www.bnm.gov.my, Phone number : 603-2698-8044
8. Bank Muamalat Malaysia -
Bank Muamalat Malaysia Berhad (Jawi: بڠك معاملة مليسيا)started its operations on October 1, 1999 with a combined assets and liabilities brought over from the Islamic banking windows of the then Bank Bumiputra Malaysia Berhad, Bank of Commerce (M) Berhad and BBMB Kewangan. Bank Muamalat Malaysia Berhad, the second full-fledged Islamic bank to be established in Malaysia after Bank Islam Malaysia Berhad, is poised to play its role in providing Islamic banking products and services to Malaysians, without regard to race or religious beliefs. DRB Hicom holds 70% shares in the Bank while Khazanah Nasional Berhad holds the remaining shares.
Mission
To deliver best value to the stakeholders.
Vision
To become the preferred Islamic financial services provider.
Shared Values
Care, Integrity, Innovative, Service Oriented and Respect.
Address : Ibu Pejabat, Menara Bumiputra, 21 Jalan Melaka, 50100 Kuala Lumpur, Malaysia.
Website : www.muamalat.com.my, Phone number : 603-2698-8787
Malta
1. Central Bank of Malta -
The Central Bank of Malta was established by the Central Bank of Malta Act on 17 April 1968. On 1 May 2004 the Bank joined the European System of Central Banks (ESCB) and on 1 January 2008 it became part of the Eurosystem. The main objective of the Eurosystem and the Central Bank of Malta is to maintain price stability. In order to meet this objective, the Central Bank of Malta participates in the preparation and decision-making process of the Eurosystem’s monetary policy. Other than the objectives of maintaining price stability, the Central Bank of Malta has other responsibilities as outlined in its mission statement. The Central Bank of Malta is an independent institution which forms an integral part of the Eurosystem and, as a member of the European System of Central Banks (ESCB), it has the primary objective of maintaining price stability. The Bank is entrusted with all major central banking tasks, particularly that of ensuring the stability of the financial system. It seeks to carry out its statutory responsibilities in the public interest and is committed to performing its functions effectively, efficiently and economically to the highest level of integrity, competence and transparency. In this regard it will continue to :
- Undertake economic and financial analysis and research to support the Governor’s participation in the decision making process of the Governing Council of the European Central Bank (ECB) and provide independent advice to the Government on economic and financial policy issues;
- Implement the ECB’s monetary policy through market operations conducted within the operational framework of the Eurosystem;
- Contribute effectively to the stability of the financial system by identifying and assessing systemic risks and imbalances and making the appropriate policy recommendations;
- Promote and support the development and integration of financial markets in Malta through oversight of market infrastructures and by ensuring the availability of cost efficient securities settlement and payment systems;
- Provide an adequate supply of banknotes and coin (the latter on behalf of the Government) to meet the demands of the public, while ensuring the high quality and authenticity of the currency in circulation;
- Collect, compile and publish economic and financial statistics in line with international standards;
- Act as banker to the Government and the banking system;
- Hold and actively manage financial assets with the aim of optimising returns subject to prudent risk management practices;
- Actively participate in the ESCB, the Eurosystem and other relevant European Union bodies, including their sub- structures.
Address : Pjazza Kastilja; Valletta, Malta.
Website : www.centralbankmalta.org, Phone number : 356-2550-0000
2. Lombard Bank Malta -
Lombard Bank Malta p.l.c. dates back to 1955 when Lombard North Central of the UK was accepting deposits in Malta through a number of agents. This activity was formalised in 1969 when Lombard Bank (Malta) Limited was registered as a wholly-owned subsidiary of Lombard North Central plc - a member of the Natwest Bank Group.
In 1975, the Malta Government purchased 25% of the Bank's ordinary shares. An option to acquire a further 35% was exercised by Government in 1981 while 40% were retained by Lombard North Central. In April 1990 the Bank became a Public Limited Company and offered equity to the public. The issue was five times oversubscribed and the Government shareholding was subsequently totally divested. In 1994 Lombard Bank listed its shares on the Malta Stock Exchange.
Today the largest shareholding (c. 49%) is held by Cyprus Popular Bank Public Company Ltd with over 1,400 shareholders, including investment funds, holding the balance. The Bank has a (c.) 67% equity stake in MaltaPost p.l.c., the Maltese postal operator. Services cover the full range of traditional commercial banking activities yet focus is given to extending a personalised service.
Address : 67 Republic Street, Valletta, Malta.
Website : www.lombardmalta.com, Phone number : 356-2558-1100
3. Bank of Valletta -
BOV was formed in 1974 following an agreement between the Government of Malta and the Malta Development Corporation. BOV took over the assets and liabilities of the National Bank of Malta Ltd that formed part of a group the origins of which date back to 1809. In 1992, BOV became the first public company to be listed on the Malta Stock Exchange at which time 51.2% of BOV’s equity was held by the Government of Malta, 14.56% was held by Banco di Sicilia S.p.A. and the remaining 34.23% was in the hands of the general public. In 1995, the Government offered 12,000,000 shares to the public, thereby reducing its shareholding in BOV to 25.23%. In June 2006, Capitalia S.p.A. took over the 14.56% stake in BOV from Banco di Sicilia S.p.A. On the 1st October 2007, Capitalia S.p.A. was merged with UniCredito Italiano S.p.A. by way of incorporation. Presently, UniCredit S.p.A. is the other major shareholder with 14.45% stake in BOV. The Bank's financial services are offered through a network of 44 branches and agencies in Malta and Gozo, and through a number of subsidiaries. It has also developed a worldwide network of correspondent banks and has opened representative offices in Australia, Belgium, Italy, and Libya. Through these networks, the Bank has built the necessary backbone to service its customers in international banking and trade transactions.
Principal activities
The Bank of Valletta Group comprises Bank of Valletta p.l.c. (“the Bank”), Valletta Fund Management Limited, Valletta Fund Services Limited and BOV Investments Limited. The Group also has an associated company, Middlesea Insurance p.l.c., and a jointly controlled entity, MSV Life plc.
The Parent Company
Bank of Valletta p.l.c. is licensed to carry out the business of banking and investment services in terms of the Banking Act (Cap. 371) and the Investment Services Act (Cap. 370). The Bank is a tied insurance intermediary of MSV Life Assurance Company Limited under the Insurance Intermediaries Act (Cap. 487). It offers the entire range of retail banking services as well as the sale of financial products such as collective investment schemes. The Bank also offers investment banking services, including underwriting, management of IPOs, custodianship and trustee services.
The Subsidiaries
Valletta Fund Management Limited (VFM) is a joint venture between the Bank, which holds a 60% shareholding in the Company, and Insight Investment Management Limited, one of UK's largest asset managers and a BNY Mellon Asset Management Company which holds the remaining 40%. VFM which is licensed by the MFSA to operate as a UCITS Manager offers a range of investment funds spread across all major asset classes and also provides fund management services to collective investment schemes.
Valletta Fund Services Limited, is a fully owned subsidiary of Bank of Valletta plc and provides a comprehensive range of fund administration services to both domestic and international fund management organisations.
BOV Investments Limited acts as an investment holding company.
Address : BOV Centre. Cannon Road. Santa Venera SVR 9030. Malta.
Website : www.bov.com, Phone number : 356-2131-2020
4. APS Bank -
APS Bank is a Maltese bank established since 1910, with majority shareholding held by the Archdiocese of Malta and Gozo. We offer a complete range of personal banking services including savings accounts, home loans and personal loans; as well as providing comprehensive banking services for corporate customers. Wealth management services are offered through APS Funds Sicav p.l.c. a specialist subsidiary company.
The Bank was incorporated into a private limited liability company in 1970 and granted a commercial banking licence in 1990. Since then, operations have vastly expanded and today the Bank employs over 200 staff working at a modern head office building located in Birkirkara (Swatar) and eleven branches across Malta and Gozo. APS Bank is well known for its ethical banking tradition and exemplary corporate social responsibility practices supporting Maltese culture, art and various charitable causes.
Address : APS Center, Tower Street, Birkirkara BKR 4012, Malta.
Website : www.apsbank.com.mt, Phone number : 356-2122-6644
5. Fim Bank P.L.C -
FIMBank p.l.c. is an international trade finance specialist with an established reputation as a dynamic and customer-driven provider of trade finance solutions to corporates, banks and individuals worldwide. Through its strong correspondent banking network and international offices located across the globe, FIMBank offers a unique environment in which trade finance opportunities are identified, innovatively structured and successfully executed.
The FIMBank Group saw its beginning in 1994 with the establishment of First International Merchant Bank Ltd. In June 2001, the shares of First International Merchant Bank p.l.c. were listed on the Malta Stock Exchange and four years later the Bank changed its name to FIMBank p.l.c. In 2003, FIMBank acquired full control of UK registered London Forfaiting Company Ltd, a market leader in forfaiting with an extensive international network spanning four continents. In 2006, the Group was further enhanced through the creation of FIM Business Solutions Ltd, which was launched as a business systems provider and technology consulting firm, while in 2008, FIM Property Investment Ltd was set up to oversee the construction and manage the Group’s new head office block in St. Julian’s, Malta.
Bolstered by a robust shareholding structure, including a long-term partnership with the World Bank’s International Finance Corporation (IFC), the FIMBank Group has also successfully made its mark on the international factoring sector by offering a complete portfolio of factoring services and actively pursuing a strategy of establishing factoring joint ventures with prominent institutions in selected emerging markets. This has resulted in the development of an international network of factoring joint ventures. Today FIMBank’s international network includes MENAFactors in Dubai, Egypt Factors in Egypt, Levant Factors in Lebanon, FactorRus in Russia, India Factoring in India, BrasilFactors in Brazil as well as a strategic partnership with RomFactor in Romania.
Address : Mercury Tower,Elia Zammit Street, St. Julian's STJ 3155, Malta.
Website : www.fimbank.com, Phone number : 356-2132-2100
6. Sparkasse Bank Malta -
Our goal is to deliver highly personalised banking and innovative investment solutions backed by experience, competence and robust support services. Sparkasse Bank Malta plc has built its reputation on understanding the needs of individuals, whatever their walk of life, developing relationships and responding to them effectively and discreetly. We believe in relationships – both with our clients as well as with our institutional partners.
We are also members of FinanceMalta.
FinanceMalta’s main aim is to promote the Islands’ financial services brand, both within, as well as outside, Malta’s shores. It brings together, and harnesses, the resources of the industry and government, to ensure that Malta maintains a modern and effective legal, regulatory and fiscal framework in which the financial services sector can continue to grow and prosper.
Address : 101 Townsquare, Ix-Xatt ta' Qui-si-Sana, Sliema SLM3112 – Malta.
Website : www.sparkasse-bank-malta.com, Phone number : 356-2133-5705
Mauritius
1. Bank of Baroda -
Bank of Baroda (BOB) commenced its operations in Mauritius on 19th October ,1962 with the opening of first branch at Port Louis. Mobile Branch was added in 1965 to cover rural/unbanked areas. Bank of Baroda expanded its operations in mid-70′s with 4 more branches at Curepipe, Vacoas, Rose Hill and Quatre Bornes and added one more branch at Centre De Flacq in 2000. A new branch was added in 2012 at Rose Belle. With the opening of door for Offshore banking in Mauritius , Bank of Baroda opened its Offshore Banking Branch in 1990. Bank of Baroda has introduced the ATM and VISA Electron International Debit Card services for its customers in year 2001-2002.
Presently Bank of Baroda is having a network of 7 domestic branches and 1 Offshore branch in Mauritius employing 77 local staff.
Address : P.B. No. 553, No.32, Sir William Newton Street, Port Louis, Mauritius.
Website : www.bankofbaroda-mu.com, Phone number : 230-208-1504
2. Bank of Mauritius -
The Bank of Mauritius was established in September 1967 as the Central Bank of the country. It was modelled on the Bank of England and was, in effect, set up with the assistance of senior officers of the Bank of England. The then Premier and Minister of Finance, in his inaugural speech, stated that 'the time, however, had come for a rather more modern and sophisticated organisation to look after the broader technical aspects of our monetary affairs. It was logical, therefore, that a central bank should be established. The Bank of Mauritius was conceived along the line of the well-known Radcliffe Report as 'a separate organisation with a life of its own, capable of generating advice, views and proposals that are something more than a mere implementation of its superior's instructions.'
Board of Commissioners of Currency
Before the establishment of the Bank, the currency issue was managed by a Board of Commissioners of Currency the first of its kind to be set up in the World. The duties of the Board were restricted to those of an issuing authority. The setting up of the Bank of Mauritius marked the beginning of a new phase in the monetary history of Mauritius, with the monetary system moving forward from the stage of 'Sterling Exchange Standard', under which currency was issued in exchange for sterling at a fixed rate of exchange, to that of a 'managed currency' in which the discretionary role of the monetary authority becomes important.
Objectives of the Bank
The Bank of Mauritius Act 1966 (as amended) lays down the purposes of the Bank which are to 'safeguard the internal and external value of the currency of Mauritius and its internal convertibility' and to 'direct its policy towards achieving monetary conditions conducive to strengthening the economic activity and prosperity of Mauritius.' The Bank has been set up as the authority which is responsible for the formulation and execution of monetary policy consistent with stable price conditions. It also has responsibility for safeguarding the stability and strengthening of the financial system of Mauritius.
Functions
The text-book description of central banking functions holds valid in a general way for all countries. The main functions of the Bank include : -
(i) Formulation and implementation of monetary policy
(ii) Issuer of currency
(iii) Banker to the Government and to banks
(iv) Provider of an efficient payment, settlement and clearing system
(v) Management of the public debt
(vi) Management of foreign exchange reserves
(vii) Regulator and supervisor of banks
(viii) Adviser to the Government on financial matters.
The effectiveness of the role and functions of Central Banks in achieving the desired results depends greatly on the extent to which monetary policy and fiscal policy are co-ordinated.
In a free enterprise economy with a liberalised financial system, central bank supervision of commercial banking institutions is indispensable. Commercial banks in Mauritius are regulated and supervised by the Bank of Mauritius under the Banking Act 1988 which replaced the 1971 Act in January 1989 with a view to strengthening and modernising the regulatory and supervisory system as well as to providing for the legal framework for the establishment and operations of offshore banks domiciled in Mauritius. The basic objectives of the Banking Act are to maintain a sound banking system in Mauritius and to protect the interests of depositors. It incorporates the following principles of prudential regulation and supervision of banks : -
(i) Licensing of Banks
(ii) Capital Adequacy
(iii) Quality of Management
(iv) Liquidity Control
(v) Concentration of Risk
(vi) Role of External Auditors
(vii) On-site Examinations
(viii) Off-site Surveillance
(ix) Control of Advertisements
(x) Confidentiality of Information
(xi) Identity of Customers
The Bank of Mauritius is thus required to ensure : -
(i) the promotion of adequate and reasonable services to the public
(ii) a high standard of conduct and management throughout the banking and credit system
(iii) a sound financial structure, and
(iv) the furtherance of such policies as may be in the national interest.
Commercial banks, like any other private enterprise, are profit maximisers. In the pursuit of profit-making, they may become less cautious and take greater risk in their lending operations. This may endanger the safety of depositors' money. From the supervisory angle, one of the most important concerns of the Bank of Mauritius is therefore to ensure the maintenance of a sound commercial banking system.
Since the establishment of the Bank of Mauritius, the Mauritian economy and the financial landscape of Mauritius have undergone considerable changes. Exchange control was completely abolished in July 1994. The exchange rate of the Rupee is determined by market forces. Interest rates are freely determined on the market. Direct credit control which served its purpose in the old days is no longer an instrument of monetary control.
In short, the Bank of Mauritius has moved away from a system of direct monetary control to an indirect method of monetary control. The functions of monetary management and the regulatory as well as the supervisory role of the Bank of Mauritius are intertwined, more so as the country has been increasingly integrated with the world economy.
Against this backdrop of changes within the Mauritian financial system as well as those in the world financial system, the conduct of monetary policy and the regulatory and supervisory role of the Bank of Mauritius have become increasingly complex. The Bank of Mauritius is strongly committed to enhancing competition and efficiency in the financial system and ensuring its total integrity.
Address : Sir William Newton Street, Port Louis, Mauritius.
Website : www.bom.mu, Phone number : 230-202-3800
3. Banque Des Mascareignes -
Banque Des Mascareignes Ltee engages in providing global, corporate, and retail banking services in Mauritius. The company provides time deposits, savings accounts, and current accounts; and mortgage loans, corporate loans, term loans, bridging loans, acquisition finance, project finance, structured transactions, and other retail loans, as well as foreign exchange services. It offers its services to retail, professional, small and medium sized businesses, corporate, parastatal bodies, and international business customers through a network of 11 branches. The company was incorporated in 2003 and is headquartered in Port Louis, Mauritius. Banque Des Mascareignes Ltee is a subsidiary of Financiere Oceor.
Address : Avenue de Duc D’Edimbourg, Weal House, Port Louis, Mauritius.
Website : www.banquedesmascareignes.mu, Phone number : 230-207-8600
Mexico
1. Banco Azteca -
Banco Azteca operates in Mexico, Panama, Guatemala, Honduras, Peru and Brazil and is already among the largest banks in Mexico in terms of coverage. With more than 6.8 million savings accounts—holding $45,441 million pesos in deposits, and 9 million credit accounts—representing a credit portfolio of $25,357 million pesos, Banco Azteca continues showing dynamic growth in every banking variable of significance.
Description
In addition to consumer credit for goods, Banco Azteca offers personal loans, credit cards, as well as car loans, among other types of credit. Also, Banco Azteca offers payroll systems. The strength of Banco Azteca is based in almost 60 years of credit experience at Grupo Elektra, an unparalleled debt collection system, and state-of-the-art technology that supports solid management practices. With more than 5.2 million savings accounts, Banco Azteca continues showing dynamic growth in every banking variable of significance. In addition to consumer credit for goods (Credimax) Banco Azteca offers credit cards, personal loans, as well as car loans and mortgages, among other types of credit. Through Empresario Azteca it offers small business loans. Additionally, Banco Azteca offers payrolls systems, and as an agent for Procampo, a government agricultural financing program, the bank has reinforced its presence in rural areas. The bank was criticized in a 2007 BusinessWeek magazine article for abusing microcredit practices in Mexico due to lax bankruptcy, consumer protection and interest rates laws of the country.
History
In 2001, Grupo Elektra, a retail group with years of experience providing in-store credit, saw the need for a financial services unit. In August of that year it applied with the Secretaría de Hacienda y Crédito Público for a license to open Banco Azteca. The application was approved in March 2002 and Banco Azteca initiated operations on October 30 of the same year under the leadership of Carlos Septién Michel as CEO.
Banco Azteca currently operates from the Tiendas Elektra, Salinas & Rocha and Bodega de Remates owned by Grupo Salinas.
Address : Insurgentes Sur #3579, Colonia Villa Olímpica, Delegación Tlalpan, Ciudad de México, Mexico.
Website : www.bancoazteca.com.mx, Phone number : 558-582-7000
2. Banco del Bajío -
BanBajío (Banco del Bajio) is a multiple banking financial institution with specialized care service and business and commercial banking. It is the eighth bank in the system, measured by deposits and lending, as well as one of the 60 largest banks in Latin America designated by the magazine América Economía. BanBajío has 281 branches with a presence in 28 of the 32 states of Mexico. Mexico has been the fastest growing company in the period 2000 - 2009 by Expansion magazine in its issue "The 500" in June 2011.
Corporate Tower BanBajío
Based in the city of Leon , Guanajuato , is an institution BanBajío majority Mexican capital. Its purpose is to potentiate economic development, focusing on financing small and medium enterprises as well as the food industry, also high-growth segments such as consumer loans and mortgages. Minority percentages of their capital are government-owned Temasek of Singapore and the International Finance Corporation, World Bank affiliate. Banco del Bajío, S. A. provides various commercial banking services in Mexico. The company offers accounts with/without checkbooks, payroll accounts, investments, and consumer loans. It also provides electronic and mobile banking, electronic statement, credit card, mortgage, banking insurance, forex trading, and specialized banking services to individual, business, SME, and governmental customers. The company is based in Leon, Mexico.
Address : Av BanBajío Manuel J. Clouthier No. 508, Leon, GJ 37128, Mexico.
Website : www.bb.com.mx, Phone number : 447-710-4600
3. Bancomext -
Mission
We exist to encourage Mexican companies, namely small and medium-sized firms, to trade in global markets by providing financing, training and technical assistance to drive foreign trade, promote regional growth, and create jobs across the nation, based on each individual client’s needs.
Vision
We intend to be the primary development driver for small and medium-sized export companies, by providing innovation and quality services through committed employees who share our business values.
Institutional objectives
- Promote small and medium-sized export companies.
- Finance export activities.
- Be an operationally efficient and productive institution.
- Guarantee a transparent operation based on continuous improvement.
- Maintain strong customer satisfaction levels.
- Work with trained and motivated human resources.
Address : Periférico Sur 4333, Delegación Tlalpan 14210, Mexico.
Website : www.bancomext.com, Phone number : 555-449-9000
4. Bank of America México -
Bank of America Mexico (Bamsa), the main operating unit of Grupo Financiero Bank of America, focuses on wholesale brokerage and corporate banking. It also offers capital markets, treasury, cash management, and international trade services. The bank also includes a small corporate loan portfolio. Bamsa was founded in 1995 and is based in Mexico City, Mexico.
Address : Paseo de la Reforma 115 Piso 19, Ciudad de México, Distrito Federal, Mexico.
Website : www.bankofamerica.com.mx, Phone number : 555-230-6400
5. Barclays Bank Mexico -
Unlisted private Mexican banking company Barclays Bank México provides investment products and services, and offering consultancy services to invest in funds, emerging markets and credit operations, among others. It operates as a subsidiary of Barclays Capital, Barclays Bank's banking division. Barclays Bank Mexico, S.A. operates as a subsidiary of Grupo Financiero Barclays Mexico, S.A. de C.V.
Address : Paseo de la Reforma #505, Piso 41, Col. Cuauhtémoc, Ciudad de México, Mexico
Website : www.barcap.com, Phone number : 555-241-3200
6. Deutsche Bank -
Deutsche Bank has been present in Mexico for the past 50 years. The first Representative Office was opened in 1957. In 1995 and 2000 respectively, Deutsche Bank expanded its local presence significantly by obtaining licenses for a broker dealer (Deutsche Securities, S.A. de C.V. Casa de Bolsa) and a bank subsidiary (Deutsche Bank Mexico, S.A. Institución de Banca Múltiple). This strong local platform in Mexico is part of Deutsche Bank’s long term strategy to develop a global franchise in a large, important and growing economy. With expertise and depth in Mexican financial markets within trading, sales and Debt Capital Markets (DCM), Deutsche Bank Mexico offers issuers (including corporates, pension funds, insurance companies and mortgage providers) a broad range of opportunities to access local Mexican markets directly through a full range of trading, structuring and capital market services. Deutsche Bank has continued to increase its commitment to Mexico.
Today, Deutsche Bank Mexico provides a full array of financial and advisory products to Mexican corporate and institutional clients with almost 100 employees and through the Deutsche Bank global platform.
Address : House Address Blvd. Manuel Avila Camacho, No. 40 Colonia Lomas de Chapultepec, Piso 17, 11000 Mexico City.
Website : www.db.com/mexico, Phone number : 555-201-8000
Mongolia
1. Golomt Bank -
Golomt Bank was established in 1995 as a wholly owned subsidiary of Bodi International L.L.C., the premier diversified conglomerate recognized for its seminal contribution to economic and social development in Mongolia. Golomt Bank offers the complete spectrum of commercial and investment banking services to both domestic and international enterprises active in or trading and investing in Mongolia. It has long been the pioneer among Mongolian banks introducing card services, E-banking, adherence to IFRS, appointment of Big 4 external auditors and in the combined fields of transparency and corporate governance. Golomt Bank’s exclusive focus as a customer-centric bank has led to its constantly expanding market share within the overall banking and financial sector, emerging as the largest bank in Mongolia (according to 2011 audited accounts) controlling over 30% of the corporate banking market.
The Bank’s capital adequacy ratio of 16.1% at the end of June 2011 is substantially in excess of both the systemic average of 14.8% and the minimum level of 12%, imposed by The Bank of Mongolia, the Central Bank. In addition, the Bank’s exceptional financial strength in the form of high liquidity and international reserves and the most prudent loans to deposit ratio has resulted in Golomt Bank being granted highest credit rating from The Bank of Mongolia, for open market operations through their swap window. At the end of June 2011, the Bank achieved a Net Profit of MNT 15.04 billion (USD 11.9 million), an increase of 74% over the previous year entailing Return on Average Equity of 31.4%. Golomt Bank remains the only Mongolian bank to attract direct equity related investment from any of the world’s major international commercial financial institutions including: Credit Suisse, Abu Dhabi Investment Council, Swiss-MO Investment AG and Trafigura Beheer B.V.. Golomt Bank was the first Mongolian commercial bank admitted to the S.W.I.F.T network to execute our customers’ international money transfers and enjoys correspondent banking relationships with many of the world’s leading banks in the major international and regional trading economies and plays a predominant role in international remittances to and from Mongolia. The Bank holds a dominant market share of >60% in both card and international payments: >50% in international trade finance; and >40% in foreign exchange transactions. Alone among the Mongolian banks the Bank has established Representative offices in Beijing and London.
The economy of Mongolia is facing a dramatic metamorphosis with the world scale exploitation and monetization of our huge endorsement of mineral resources. Over the course of the next decade this is expected to result in Mongolia attaining the highest rate of GDP growth throughout the world. Against this propitious background Golomt Bank is the natural partner of choice as the “Go To” bank for all involved in or trading and investing in this most exciting of all emergent market economies.
Address : Sukhbaatar Square, P.O.Box 22, Ulaanbaatar 15160, Mongolia.
Website : www.golomtbank.com, Phone number : 976-11-701-176
2. Khan Bank -
Khan Bank is the nationwide leader in innovative financial services that change people's lives and benefit society.
We are committed to transparency, fairness and to providing the highest level of customer service in Mongolia.
About Khan Bank
Khan Bank, with 512 branches across all of Mongolia with more than 4300 employees, is the largest bank in Mongolia, providing banking services to an estimated 80% of Mongolian households. The Bank finances corporate, small and medium businesses, consumers, and individuals. As of 2009, 100 percent of the Bank’s branches are operating on a real time basis providing customers with direct access to all banking services from everywhere in Mongolia. Khan Bank's central office is located in the capital city of Ulaanbaatar, and it houses executive and administrative offices, as well as a full service banking. There are 5 branches in UB city and 24 regional branch offices throughout the country, each of which supervises an additional 15 to 25 sub branches in its area. The regional branches are fully automated centers for consolidating the region's service activities, and they are connected to the central office by satellite. Each branch directly serves the banking needs of a community of 15,000 to 60,000 people. Even the sub branches, with a two or three person staff and minimal overhead, offer full banking services to their local communities. Khan Bank is recognized as an industry leader in the design and delivery of financial services in Mongolia. It has a well trained and highly educated staff of motivated bankers who are moving Khan Bank and Mongolia to new levels of banking. Khan Bank's roots go back 80 years to the State Bank of Mongolia. When this monopoly bank was broken up in 1991, Khan Bank was formed to take over most of the State Bank of Mongolia’s regional and local offices throughout the country.
Confidentiality & Transparency Policy
Khan Bank values and respects our customers. We adhere to the following policies on confidentiality and transparency :
- All employees of Khan Bank Offices shall serve customers equally and openly without any discrimination as to age, race, sex, occupation, official position, economic status, religion or party membership.
- Khan Bank employees shall not favor customers because they are friends or relatives, nor shall they have any financial interest in customers or receive any payments, gifts or other benefits from them.
- Neither Khan Bank nor any employee shall accept or pay bribes under any circumstances with any person or organization.
Bank employees shall not use any information on customer accounts, deposits or transactions for personal gain nor disclose such information to any individual or other entity except as provided by law or as required by execution of a court decision. No bank employee shall process any transactions from customer accounts or deposits without the consent of the customer, nor suspend such transactions except as required by an official notification from a tax officer, social insurance officer, bailiff or other official acting in a legal capacity.
Address : Seoul Street-25, PO.BOX-192, Ulaanbaatar-44, Mongolia.
Website : www.khanbank.com, Phone number : 976-11-332-333
3. The Bank of Mongolia -
Mission Statement
As the Central Bank, the Bank of Mongolia (BoM) ensures the stability of the national currency – Togrog. Within this main objective, the BoM promotes balanced and sustained development of the national economy, through maintaining the stability of money, financial markets, and the banking system. In order to implement its objectives, the BoM conducts activities such as issuing currencies in circulation, formulation and implementation of monetary policy, acting as the Government’s fiscal intermediary, supervision of banking activities, organization of inter-bank payments and settlements, management of the official foreign exchange reserves.
Policy- making body
The supreme policy-making body of the BoM is the Board of Directors. The current Board of Directors consists of the Governor of the Central Bank who is Chairman, the First Deputy Governor, Deputy Governor, 9 directors and 2 non-voting members.
Frequency of meeting
The Board of Directors has regularly scheduled meetings every Thursday once a week to assess underlying economic developments, monitor progress toward achieving its monetary policy objectives, and formulate policy for the period ahead.
Degree of independence
The BoM is operationally independent from the Government though the Parliament of Mongolia monitors whether the Bank’s activities are consistent with the legislation. However, neither the Government, nor the Parliament is to interfere in activities relating to the implementation of State monetary policy by the BoM. The independence of the BoM is empowered under the Law on Central bank approved in 1996. The Governor of the BoM may attend Cabinet meetings and consult on issues relating the BoM and banking activities.
Release of Policy Information
Information on monetary policy is released in the form of press releases and statements. Monetary and financial statistics can be found in monthly bulletins and annual reports. Their electronic versions as well as key information about the BoM and major activities in the financial system are also available at www.mongolbank.mn
Address : Baga toiruu-3, 15160, Ulaanbaatar-46, Mongolia.
Website : www.mongolbank.mn, Phone number : 976-11-310-633
4. Trade and Development Bank of Mongolia -
TDB was established in October 1990 and over past decade has become a leading banking and financial services provider in Mongolia. TDB, the oldest bank of Mongolia, prides itself for its leading position in the universal banking service provider, offering a full range of services, including large corporate, SME and retail lending, deposit-taking, trade finance, remittance, cash management, treasury, foreign exchange and investment banking. TDB acts as a primary lender to most of Mongolian leading corporations as well as foreign corporations and foreign representative offices across all major industrial and commercial sectors with a constantly innovating range of universal banking products and services delivered with dynamism and excellence in service and quality. Leveraging this pre-eminent position and its long-standing customer relationships, the Bank has consolidated its market-leading position in the handling international trade finance and remittance, with access to credit lines from major international lenders and correspondent banking relationships with over 150 international financial institutions.
Always responsive to the publics various banking requirements, TDB offers over 100 types of international standard banking products, services and has about 1341 highly qualified staff providing professional and user friendly banking services through a network of 47 branches, settlement centers and teller counter, 161 ATMs, 1905 POS terminals, internet banking and SMS banking throughout the country, which utilizes the same technology as our international partners. TDB is undoubtedly the major player in the financial and banking markets as well as a major innovator of the Mongolian financial sector. Trade and Development Bank (TDB), the oldest and the largest corporate bank in Mongolia, successfully issued USD 300 million senior unsecured notes listed at Singapore Stock Exchange on 13 September 2012. This was the fourth time that TDB tapped the international bond markets, after two successful senior unsecured deals in 2007 and 2010, respectively, and a subordinated notes issuance in 2010. In fact, TDB is the first ever Mongolian bank to issue bonds and the only Mongolian repeat bond issuer. These successful bond issues not only affirm the market confidence in TDB’s strategy, financial strength and management, but also affirm TDB’s standing in the international markets.
Furthermore, one of the most important highlight was Trade and Development Bank of Mongolia (TDB) signed an investment agreement with The Goldman Sachs Group, Inc. (Goldman Sachs), a leading global financial services firm. Goldman Sachs has acquired a 4.8 percent stake in TDB in January 2012. The investment assists TDB in growing its business to meet the expected increased needs of its clients as Mongolia’s economy continues a period of strong economic growth. In October of 2012, TDB announced the official launch of Bloomberg TV Mongolia in partnership with Bloomberg International. The launch of Bloomberg TV Mongolia signifies the introduction of the first international broadcast news organization in Mongolia, one of the fastest-growing stock markets and investing environments in Asia today. At the end of September 2013, TDBs total assets reached MNT 4231.3 billion and capital funds reached MNT 370.5 billion, representing 24.4% and 30.5% market shares respectively. The Bank has had a strong earnings track record with MNT 15.0 billion in 2009, MNT 20.7 billion in 2010, MNT 48.5 billion in 2011, MNT 64.8 billion in 2012 and MNT 65.7 billion at the end of Sep 2013.
Address : Juulchin street - 7, Baga toiruu – 12, Chingeltei district, Ulaanbaatar, Mongolia.
Website : www.tdbm.mn, Phone number : 976-11-161-977
Morocco
1. Attijariwafa Bank -
Attijariwafa Bank is a Morocco-based financial and banking group established on 01/01/1911 & the IPO date is 13/08/1943. It has a network of agencies and operates also in France, Belgium, Spain, Italy, Germany, Tunisia and Senegal, among others. Its banking activities include personal and professional banking, corporate banking, investment banking and international banking. Attijariwafa Bank also offers real estate, insurance and banking services through its subsidiaries including Wafa Immobilier.
Address : P.O. Box 11141, 2 Boulevard Moulay Youssef, Casablanca 20002.; Casablanca; Grand Casablanca, Morocco.
Website : www.attijariwafabank.com, Phone number : 212-22-298888
2. Bank Al-Maghrib -
The fundamental missions of Bank Al-Maghrib
• To exercise the privilege of issuing banknotes and coins that are legal tender in the Kingdom;
• To implement monetary policy instruments in order to ensure price stability;
• To see to the stability of the currency and to its convertibility;
• To attend to the smooth running of the money market and to ensure its control;
• To prepare and publish statistics on money and credit;
• To manage public exchange reserves;
• To see to the smooth running of the banking system and to the enforcement of legislative and regulatory
provisions relative to the exercise and control of the activity of credit institutions and similar bodies;
• To monitor and ensure the security of payment systems and means as well as the relevance of the norms
applicable to them.
Other missions of Bank Al-Maghrib
• To fulfil the role of the financial agent of the Treasury;
• To advise the Government on financial issues;
• To represent the Government in the international financial and monetary institutions created in order to promote cooperation in the monetary and financial fields;
• To take part in the negotiation and implementation of international financial agreements.
Address : 277, Avenue Mohammed V Boîte postale 445 – Rabat, Morocco.
Website : www.bkam.ma, Phone number : 212- 537- 818181
3. BMCE Bank -
BMCE as third Moroccan banking group, continues to develop its banking business, based on a dense network in growth - 3 times greater that are 10 years.more close to its customers, it capitalizes also on a regionalized model covering the whole kingdom, the search for continuous improvement of the quality of service especially through innovation in terms of products & services as well as synergies with specialized subsidiaries as an expansion of banking business. Providing an appropriate response to the customer and the accompanying throughout its life cycle, the Bank feeds high ambitions in growth segments, namely the SMEs (Small and Medium Enterprises), Professionals and Individuals market in all its components (Private Client, MRE), also promoting the diversification of sources of income from the core business for the benefit of Retail Banking and expanding its business base.
Through the Transformation Program, started in 2011, the Bank also seeks to improve its efficiency, both operational and commercial, in a context where many humans, tangible and intangible investments have been made in supporting the development of the network during the previous decade with the ultimate goal of sustained decrease in income ratio. Among the key measures undertaken include the industrialization of processes and centralization of back offices within Centres Services Businesses to benefit from economies of scale, the Iso-effective operation and enhancing business functions within Network and the promotion of the culture of expense control and risk.
The development of the Group based on the pérénisation profitable growth, a healthy proactive risk management, and the strengthening of internal control and control of risk management across the Group
AN AFRICAN BANK FOR AFRICA
Of interest in the African continent as a growth area par excellence, outperforming global growth, BMCE Bank Group aims to establish itself as a leader in African banking landscape based on the make and Network Bank Of Africa (BOA), the takeover was effective in 2011. BMCE Bank Group is present in close to twenty African countries.
Apart from organic growth and targeted acquisitions in countries with high potential are among the Group's strategy in Africa, taking control of all African subsidiaries of Bank of Africa and the strengthening of the risk management and internal control. Similarly, the development of operational and commercial synergies within the Group is at the heart of the strategic plan with the syndication of loans, cash management and the transfer of skills and know-how across the Group, in particular, with injections virtuous detachment key people in positions of responsibility
In doing so, the contribution of Africa should therefore continue to strengthen in the consolidated results of the Group, particularly through the development and intensification of the banking intermediation activity at Bank of Africa.
A EUROPEAN SERVICE ACTIVITY IN AFRICA
The economic and financial situation in Europe has ordered a restructuring of the business in Europe, which began in 2010, and leading to early encouraging results. Thus, the European platform marked a return to green in 2012, thanks to downsizing, optimizing equity in favor of less intensive activities and specialization of European sites (Paris, Madrid and London) and by geographic market activity. Efficiency-seeking, and in the same vein, the consolidation process already begun--attendance BMCE Bank Group in Europe (BMCE Bank International Plc and BMCE International Madrid) will be conducted under the same umbrella, and it BMCE International Holdings, to provide the new set of shared resources, both human and financial, allowing him to expand the business in the areas of influence. Maximizing synergies between sites, the new European platform will support development in Africa ensuring complementarity with the BOA network and that, as a specialist in Corporate & Investment Banking
Address : boite postale 13425 140, avenue Hassan Il , Casablanca, Morocco.
Website : www.bmcebank.ma, Phone number : 212-522-438373
4. Banque Marocaine du Commerce -
In 1906, the Bank of Paris and the Netherlands (Paribas) played an important role as a merchant bank in the development of the Moroccan economy during the first half of the twentieth century, particularly in terms of financing loans. Based on its various holdings such as Génaroc or North African Open, she actively participated in financing the country's infrastructure (railways, electricity, road transport, mining, etc..) In conjunction with the Bank of State of Morocco (BEM). In 1950, Paribas opened a branch in Casablanca which merged with Worms in 1974 to form the Moroccan Society of Deposit and Credit. Meanwhile, the BNP has developed its activities in Morocco since 1940, via its Moroccan subsidiary of BNCIA (National Bank for Trade and Industry in Africa.) The BMCI was born in 1964 , during the process of Moroccanization companies.
Our values
BMCI wants to be, in all of its businesses, a bank reference group placing the customer at the center of its concerns and continuing to improve its profitability. Created as a joint project of a group of men and women to serve their customers and their shareholders, the " bank for a changing world "has adopted the outset four corporate values that summarize well the essence of his work: Responsiveness , Creativity , Commitment and Ambition. All are under the aegis of the signature and logo BMCI, the flight of the curve 4 star , symbol of dynamism and progress.
Address : 26 United Nations Plaza, 20000 Casablanca, Morocco.
Website : www.bmci.ma, Phone number : 212-529- 044044
5. La Banque Centrale Populaire -
La Banque Centrale Populaire is a major bank in Morocco. The bank maintains overseas offices in Germany, England, Canada, Spain, France, Gibraltar, Netherlands and Belgium. The bank's name is abbreviated to BCP.
As of 2010, the bank's market share of customer deposits in Morocco was 27 percent.[1] This translates to customer deposits of 169.8 trillion dirham. The number of employees in the bank at the end of 2010 was 10,660.
Address : Banque Centrale Populaire Building, 101 Mohammed Zerktouni Street, Casablanca,10622 Morocco.
Website : www.gbp.ma, Phone number : 212-522-202533
Myanmar
1. Ayeyarwaddy Bank -
Ayeyarwady Bank received its banking license from the Central Bank of Myanmar on 2 July 2010 and began operations on 11 August 2010. The bank is authorized to operate as an investment or development bank for the domestic market and the approved banking activities include :
- Borrowing or Raising of money
- Lending or Advancing of Money either secured or unsecured
- Receiving Securities or Valuables for Safe Custody
- Collecting and Transmitting money and Securities
- Provides International Banking Services including international remittance, payment and trade services
Ayeyarwady Bank subscribes to global standards in governance, risk and compliance in its management and operations. The bank has engaged talents with both domestic and international exposures and has invested significantly in training and technology as a way to ensure long term sustainable growth for the bank and for the community it serves. Since its inception, the bank has grown steadily with the number of branches increased progressively to eight and customer deposits grew healthily to Kyats 163 billion as at end October 2011, signifying increased confidence among the public in the bank.
For the years ahead, the bank will continue to extend its branch network throughout Myanmar. It will continue to focus on building relationship with customers, providing excellent customer service, and leverage on technology as the enabler to enhance its customer base. At the same time, the bank aims to strengthen its governance, risk and compliance structure as a measure to ensure balance and sustain growth.
Address : No. 1, Ywama Curve, Ba Yint Naung Road, Block 2, Hlaing Township, Yangon, Myanmar.
Website : www.ayabank.com, Phone number : 95-1-531067
2. CB BANK -
Inauguration of the Bank
The Bank was first set up as a private, non-public Bank on 21st August 1992 with the permission of the Central Bank of Myanmar under the law of Financial Institutions of Myanmar and under the law of the Central Bank of Myanmar.
Merger Between the Three Banks
Can the bank settle phone bill of customers? If someone instructs the bank to pay for phone bill payment service by stranding order, the bank must give the service to you. You can also directly pay the billing from Giro Billing Payment System from the CB Bank Website. Under the permission of the Banking Supervision Committee, the Ministry of Finance and Revenue dated 24.3.2004 to amalgamate and to merge the three banks under the guidance. In the way of merger and acquisition of the Co-operative bank as the Anchor Bank, the Memorandum of Association and Articles of Association were drawn in alteration and submitted with the approval of the (18/2004) meeting of the Government of the Union of Myanmar, held on 6.5.2004. The bank was reformed from the private Company to Public Company. On respective receipt of the Certificate of Commencement of Business issued on 10.5.2004 by the Department of Investment and Directorate of Companies and license , the bank was granted on 25.5.2004 by the Central Bank of Myanmar(CBM) , the Ministry of Finance and Revenue to operate as the Commercial Bank and Investment Bank. The bank started operation since 15.6.2004 as the Co-operative Bank Ltd. (The Public Bank Company Ltd). Thus the bank became into being to be able to provide more financial services to the public. Chat Conversation End
Our Logo
The rainbow represents the indivisible synthesis and synergy without discrimination of colours. Our logo takes the shape of the rainbow comprising its dominant colours; red, yellow, green and blue. It also denotes as the saying goes, you will find the golden pot at the end of the rainbow for rational people.
Motto
We value what you value most.
For your reliance, CB Bank.
Mission
Our mission is to serve the customers, staff, shareholders and the environment in the greatest of values, perfect pleasure and complete satisfaction.
Vision
Our vision is to become one of the top-notch leading banks in Myanmar with solid foundation, superb performance , excellent image and reputation.
Address : No.334/336 Corner of 23 Street and Strand Road, Latha Township, Yangon, Myanmar.
Website : www.cbbankmm.com, Phone number : 95-1-371848
3. KBZ Bank -
Vision
To become Myanmar's premier bank with a strong base in Myanmar financial market
Mission
- To ensure a high level of customer satisfaction and trust by providing excellent banking services
- To continuously improve quality of our financial services by investing in innovative technology and enhancing human capital
- To offer rewarding career opportunities and promote staff accountability
- To act as a responsive corporate citizen by combining commercial pursuit, fair business ethic and socially responsible behaviour
Core Value
KBZ BANK embraces the following core values
*THE MILD*
- Teamwork and Cooperation
- Honesty
- Enthusiasm
- Mutual Trust and Respect
- Integrity
- Leadership
- Dedication
Kanbawza Bank (KBZ Bank)
The name Kanbawza is related to a traditional name of the Shan State, an ethnic minority state of the Union of Myanmar. Kanbawza Bank (KBZ Bank) was established on 1st of July 1994 in Taunggyi, Southern Shan State. Initially, the bank catered the local population in Taunggyi. In November 1999, our present management took over and reformed the organization into one of the biggest private commercial banks in Myanmar.
In April 2000, KBZ headquarter was relocated to Yangon, the business capital of Myanmar. As of March 2013, KBZ Bank has expanded up to 100 branches all over Myanmar, with a highly regarded reputation. Starting with an initial capital of MMK 477 million in 1999, KBZ Bank has expanded the capital of MMK 69 billion in year 2012. In November 2011, Central Bank of Myanmar granted Authorized Dealer License (ADL) to KBZ Bank as the first step to operate foreign banking business. KBZ Bank will maintain a continuous growth in financial industry accord with the development of Myanmar.
Address : No. (615/1), Pyay Road, Kamaryut Township, Yangon, Myanmar.
Website : www.kbzbank.com, Phone number : 95-1-538075
4. Myanmar Oriental Bank -
Vision
To be recognized as the bank of first choice in Myanmar, renowned for its banking prudence, sound customer relationship and quality customer service.
Mission
To promote financial intermediation in the country and thereby to increase owners’ weal
MOB at a glance
Full name : : The Myanmar Oriental Bank Limited
Abbreviated name : MOB
Type of company : Private Limited Company
Owner : Private individual shareholders
Owners’ Equity : MMK 8,132 million (as of March 31, 2012)
Subsidiary Company : Oriental Leasing
External Auditor : Win Thin & Associates
Address : No. 166-168, Pansodan Street, Kyauktada Township, Yangon, Myanmar.
Website : www.mobbankmm.com, Phone number : 95-1-381581
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