...Central bank releases first SME credit policy Disbursement target set at Tk 240b this year FE Report The central bank released, for the first time, a small and medium enterprise (SME) credit policy and programmes Thursday with a disbursement target of around Tk 240 billion for the ongoing calendar year. Bangladesh Bank (BB) Governor Atiur Rahman announced the policy at a discussion with chief executive officers and managing directors of the commercial banks held at Seagul Hotel in Cox’s Bazar Thursday night with BB Deputy Governor Murshid Kuli Khan in the chair. The new policy has focused on encouraging more women entrepreneurs in business and investment across the country. The central bank announced to set up a three-tier monitoring system to ensure growth of the SME sector in the country. Under the monitoring system, the central bank headquarters, its nine branch offices across the country and head offices of all commercial banks will review the implementation of SME credit programmes regularly. Of the total target, the state-owned commercial banks and financial institutions, according to the central bank statistics, will disburse Tk 44.97 billion in 2010. Twenty-nine private commercial banks will distribute Tk 174.78 billion while nine foreign commercial banks will disburse Tk 7.07 billion to the entrepreneurs. Besides, the country’s non-banking financial institutions have made commitment to disburse Tk 13.13 billion as SME loans during the current calendar year. ...
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...Bancassurance in Asia APRIA Annual Conference, Seoul 24 July 10:20 – 11:50 am Clarence Wong, Swiss ReinsuranceCompany, Hong Kong Summary Bancassurance has seen rapid development in Asia over the past decade, mainly driven by deregulation in many key markets. It was virtually non-existent in 2000, but has risen in importance since to account for a significant share of distribution. The main business model has also diversified from simple distribution agreement to joint ventures and integrated financial services provisions. There is no doubt that bancassurance has been a great success in Asia over the past decade. However, from the perspective of an industry practitioner, I would like to draw on three important yet inter-related issues regarding the future of bancassurance. First, the economics of bancassurance to insurance companies.Second, the prospects of non-life distribution through banks.Third, the role bancassurance in closing the region's protection gap. Let me cover the first issue. In many markets, particularly emerging Asian markets like China and India, insurers have successfully leveraged of bancassurance to maintain or expand their market share in the early phase of market liberalization and deregulation. It is, on the other hand, well-known that insurers complaint all the time about the high distribution commission associated with bank channels. There are other constraints like higher lapse ratio and difficulties in selling complicated (higher-margin) products...
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...Corporate Overview Corporate Profile • • Founded in 1835 and headquartered in Melbourne, Australia, ANZ is one of the four largest Australian banks and ranked in the top 25 banks globally by market capitalisation Listed on the Australian Stock Exchange (ASX) with a secondary listing on the New Zealand Stock Exchange (NZX) Key Data – 31 March 2015 ASX / NZX Code ANZ Market Capitalisation A$101.3bn Ordinary shares on issue ~2.76bn Total shareholders ~500,000 Credit Ratings S&P AA- / stable Moody’s Aa2 / stable Fitch AA- / stable Strategy SUPER REGIONAL STRATEGY To become the best connected and most respected bank across the Asia Pacific region Strong Core Markets Profitable Asia Growth Enterprise Approach Strengthen our position in Australia and New Zealand Grow in Asia, focused on corporate and financial institutions supported by our Asia retail branch network Share common technology, processes, products and services that are designed with our customers in mind, and to reduce costs, complexity and risks Manage risk, balance sheet and capital to drive superior return for shareholders. Develop the best connected and most respected people in banking. ANZ presence and regional delivery network • ANZ serves ~10 million retail, commercial and institutional customers and employs over 50,000 staff • We operate in 34 markets internationally: Australia, New Zealand, Asia (15 ...
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...Table of Contents I. Introduction 3 II. The world bank Group 3 1. The Back ground information and its power. 3 a. The World Bank Authority 3 b. The Background information 3 2. Aims & Objective 4 3. The Funding Source 5 a. Bond Flotation 5 b. Subscriptions fees 5 c. The Loans 6 4. Ownership & Organization structure 6 a. The membership of World Bank Group. 6 b. The leadership position 6 5. Recent Activities about the new president of World Bank. 7 6. The Criticism about the management of the World Bank 7 7. The restoration of Thi Nghe and Nhieu Loc canals 7 III. Bank for International Settlement (BIS) 8 1. Back ground information & Power 8 a. The background information 8 b. The BIS’s Authority 8 2. Objectives 8 3. Funding Source 9 a. Informal way of funding 9 b. The Formal ways of funding 9 4. Ownership & Structure 9 a. The Ownership 9 b. The Structure of BIS 10 5. BIS is immunity to the global regulation 10 6. Experience in Vietnam 10 IV. Asia Development Bank (ADB) 11 1. Back ground information & Power 11 a. The background information 11 b. Asia Development Bank’ power 11 2. Objective &Aims 12 3. Funding Sources 12 4. Ownership & ADB’s structure. 13 5. Recent Activities of ADB on November, 2012 and its criticism 13 6. The support of reform the state own enterprises in Vietnam 13 V. International Monetary Fund (IMF) 14 1. Back ground...
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...The Financial Crises in Russia and East Asia: How the World Bank can Help. 1 - Overview of Asian financial crisis On July 2, 1997, the Government of Thailand abandoned its efforts to maintain a fixed- exchange rate – the Baht had been pegged to a basket of currencies dominated by the U.S. dollar – and allowed the Baht to float. This Baht quickly depreciated, falling 18% on the first day alone. The collapse of the Thai Baht was followed by speculative attacks on other countries’ currencies (including the Indonesian Rupiah, the Malaysia Ringitt, the Philippine Peso, and the Korean Won) and to a further round of forced devaluations. The collapse of fixed exchange rates was accompanied by a series of more general financial sector crises in several of these countries. Although the precise details vary, the immediate cause appears to be a mismatch between assets and liabilities in the corporate and banking sectors (in both currency and term length) and a sharp decline in asset values. These immediate problems were exacerbated by general financial sector weakness due to inadequate supervision and rampant insider lending. In many ways the crises in Asia were somewhat different than previously observed exchange rate crises. Corsetti, Pesenti and Roubini (1998) note that several of the usual indicators of a pending financial crisis – slow growth, large fiscal deficits, high rates of inflation and low savings and investment rates – were not observed in these...
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...CFO Content Group overview & history Our brands Financial performance Western Europe Eastern Europe Asia Appendix The Carlsberg Group in head-lines No. 4 largest international brewer 500 beer brands No. 1 in Eastern Europe No. 2 in Western Europe 120,000,000 hl. of beer sold in 2012 +16% EBIT growth (CAGR) from 2005 to 2012 +18% EPS growth (CAGR) from 2005 to 2012 3 The transformation of Carlsberg ● ● ● ● ● ● ● ● Value management Brand portfolio activation and scoping Step change innovations Business process standardization Next level group efficiency Back-end centralization and integration Winning people Corporate Social Responsibility ● S&N acquisition & integration ● Accelerate efficiencies and execute synergies ● Drive revenue growth ● Structure ● Operations ● Acquisition of 100% of Carlsberg Breweries ● Excellence programs ● Establishment of Carlsberg Breweries 2000 2005 2010 2015 … 4 Three regions Western Europe Eastern Europe Asia Group 2012 % of total beer volume 42 37 21 46 39 15 2012 % of EBIT The Carlsberg Group strategy wheel WINNING BEHAVIOURS We want to win Together we are stronger We are each empowered to make a difference Our consumers and customers are a the heart of every decision we make We are engaged with society 6 Content Group overview & history Our brands ...
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...INDUSTRY ANALYSIS 1.0 Overview of Financial Market in Singapore Singapore has successfully established itself into a thriving financial center, not only in Asia Pacific region but also around the world in just over four decades. The Singapore Exchanges (SGX), which has established itself as one of the capital market in Asia-Pacific, is one of preferred listing location, with 40% of companies listed on SGX originating outside of Singapore and close to 800 global companies globally. Approximately 56% of SGX’s total revenue in 2011 was created by their International product, which sums up to an astonishing amount of $370 million dollars. Singapore’s bond market has also grown significantly throughout the years. With its extensive range of both Singapore government securities and foreign corporate bonds available, Singapore offers the fixed income investors a wide range of investment opportunities to choose from. As one of the top 4 most active foreign exchange trading centres in the world, Singapore stands as the second largest over-the-counter derivatives trading centre in Asia and also a leading commodities derivatives trading hub. With its total assets under management of around S$1.2 trillion and continues on a steady growth, Singapore is therefore recognized as one of the premier asset management location in the whole of Asia. [From SGX Annual Report 2011] 1.1 Industry analysis with Porter’s five forces DBS Group is in Singapore commercial banking...
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...the performance, activity, office policies, strategy, operation and importance of the group. It contains information about HSBC group, its organizational structure and also commercial awareness details. In the first sections I have included a brief history and an overview of HSBC today. In the following chapters I have talked in details about its structure and police offices. The last section brings information about its revenue, net profit and future plans. It has been pleasure and challenge working on this report. Please feel free to contact me in case of clarification or queries on this report. Kind Regards, HSBC I. History HSBC has a rich history, which starts back in 1865. It was established in Hong Kong and, two months later, in Shanghai by Thomas Sutherland and it started from a basic idea: to support trade between Asia and Europe. By 1900 it was extended in Europe and North America, Japan, Thailand, India, Philippines, Singapore, Sri Lanka, Malaysia and Vietnam. During Second World War, the group had to close branches and to move for a while its head office from Hong Kong to London. After the war, it played a key role in reconstructing the Hong Kong economy. In 1992 it acquired Midland Bank and became the biggest financial services organization in the world. HSBC continued to grow all this time and made lots of acquisitions and established a network of branches around the world. It had ups and downs, but it has built its reputation through all these decades...
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...Risk Management in the Asian Banking Sector “What is the best strategy for the implementation of Enterprise Risk Management in the banking sector of the highly expansive but volatile Asian economy?” I chose to do an in-depth study of this area of risk management because as I am Australian, it is extremely important for me to start to fully understand the workings of our closest economic partner and the future of our economy which is driven by the expansive growth that is rolling through Asia. I was also intrigued into the steps needed to fully adopt a risk management system in an entity. It should be noted that the focus of this paper is on the developing region of South-East Asia and less on the more developed parts of Asia including China and Korea. Matthew Dichiera 11167674 Contents 1 – Introduction 2 – 1997 Asian Financial Crisis and effect on vision of risk management 3 – Overview of risks faced by banks in the developing Asian region 4 – Importance of Enterprise risk management (ERM) 5 – Strategies of implementing ERM and the challenges associated. 6 – Conclusion 7 – References Introduction The Asian economy is a vehicle of highly expansive growth and even higher volatility, it is an area of the economic world which must be treated with much anticipation and be viewed with excitement but also must be monitored and watched extremely carefully as was shown by the infamous Asian financial crisis of 1997. Opportunities for growth are high, which...
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...Chittagong Subject: Submission of Internship Report. Dear Sir, It is my pleasure to submit my Internship Report on “An Overview of General Banking and Foreign Exchange Mechanism of Bank Asia Limited, Khatungonj Branch, Chittagong” to you after completion of three months internship program with Bank Asia Ltd. I tried my best to gather relevant information for preparing a complete report. Without the sincere co-operation and proper guidance of you, it is not possible for me to prepare the report. For this act of kindness I am grateful to you. This report is not free from mistakes due to some limitations. I hope you accept it with gracious consideration. Sincerely Yours, ---------------------------- Signature KEYA DEBI ROLL NO 347 (Major in Finance) Department of Business Administration University Of Science And Technology Chittagong. TABLE OF CONTENTS Content----------------------------------------------------------------------------------Page Acknowledgement ------------------------------------------------------------------- 1 Executive Summery -----------------------------------------------------------------2 Chapter 1 ------------------------------------------------------------------------------4 Introduction ---------------------------------------------------------------------------4 Organization Overview-------------------------------------------------------4 Origin of the Report -----------------------------------------------------------4 ...
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...system their contributions are of no denying. Financial institutions in the Asia pacific region are doing exactly the same. Financial institutions like large retail banks (e.g. Barclays, Citi NA), segmented financial institutions like micro finance institutions are providing financial services to the people of that region. Apart from this there are several insurance companies who are operating their business in that region, ensuring the minimal risks of the business organizations of this region (Kumbhakar, Lozano-Vivas, Lovell, & Hasan, 1999). On the other hand a large of money is being flown through these organizations as remittance to the people and to the nations as well. This adding to the economic condition of those nations and the living of the people as well. Moreover, these type of financial institutions are providing world class banking services to the people of that region. Influenced by the success of these financial institutions several other local institutions are furnishing themselves for providing better services to the clients and getting market share from their counterparts (Kumbhakar, Lozano-Vivas, Lovell, & Hasan, 1999). It is worth denying to say that the standards that are being followed by the foreign financial institutions are setting example to the local companies as well. Inspired to this several local companies are now flourished in this region (e.g. HSBC, Commercial Bank of Ceylon of Srilanka, ICBC of China etc.). Objectives The research if...
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...Get the inside scoop on investment banking careers in the Asia Pacific region! Read this extended excerpt of the all-new Vault Career Guide to Investment Banking, Asia Pacific Edition and get the inside story on investment banking careers, including: • An inside look at corporate finance, sales & trading, research and other major functions at investment banks. • An oveview of equity and debt markets in the region • A discussion of industry trends and corporate culture in Asia Pacific • Days in the life of investment bankers in Asia Pacific This PDF is an excerpted version of the full 198-page guide To get the complete guide: • Purchase your own print or e-Book version of the guide. Go to www.Vault.com/Asia. • More than 900 universities and MBA programs worldwide subscribe to the Vault Online Library, providing more than 4.5 million students worldwide with access to Vault's guides and career information. Contact your career center today to ask about access to the Vault Online Career Library. ABOUT VAULT Founded in 1996, Vault is the leading global media company focused on careers. With offices in North America, Europe, India and Asia, Vault provides graduates and young professionals worldwide with insider information on careers and education through its award-winning web sites and career guides. CAR E E RS VAU LT CA R E E R G U I D E TO INVESTMENT BAN KING A S I A P A C I F I C E D I T I O N INVESTMENT BANKING JUNG B. LEE, TOM LOTT and the staff of vault ...
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...Get the inside scoop on investment banking careers in the Asia Pacific region! Read this extended excerpt of the all-new Vault Career Guide to Investment Banking, Asia Pacific Edition and get the inside story on investment banking careers, including: • An inside look at corporate finance, sales & trading, research and other major functions at investment banks. • An oveview of equity and debt markets in the region • A discussion of industry trends and corporate culture in Asia Pacific • Days in the life of investment bankers in Asia Pacific This PDF is an excerpted version of the full 198-page guide To get the complete guide: • Purchase your own print or e-Book version of the guide. Go to www.Vault.com/Asia. • More than 900 universities and MBA programs worldwide subscribe to the Vault Online Library, providing more than 4.5 million students worldwide with access to Vault's guides and career information. Contact your career center today to ask about access to the Vault Online Career Library. ABOUT VAULT Founded in 1996, Vault is the leading global media company focused on careers. With offices in North America, Europe, India and Asia, Vault provides graduates and young professionals worldwide with insider information on careers and education through its award-winning web sites and career guides. CAR E E RS VAU LT CA R E E R G U I D E TO INVESTMENT BAN KING A S I A P A C I F I C E D I T I O N INVESTMENT BANKING JUNG B. LEE, TOM LOTT ...
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...I. Company’s Mission and Vision Vision We are committed to be the bank of choice, known for financial strength and superior delivery of innovative products and services, driven towards total customer satisfaction. Mission We shall be guided by our chosen corporate values of Commitment, Integrity, Excellence, Leadership and Teamwork in: * developing long-term partnership with clients through the delivery of responsive, innovative, and value added products and services; * providing delivery channels that are relevant to our market to ensure convenience and increase the bank’s accessibility; * creating dynamic and meritocratic employee work environment and foster mutual respect, provides professional and personal growth and encourages creativity; * dealing fairly with business partners; and * ensuring optimum returns for our stock holders. II. Nature of Business Asia United Bank Corporation (AUB) is among the very few commercial banks that was granted a full-branch license in 1997 and is operating until this day. AUB was registered with the Securities and Exchange Commission (SEC) on October 3, 1997. Its registered office and principal executive offices are located at Joy-Nostalg Center, 17 ADB Avenue, Ortigas Center, Pasig City, Philippines. AUB was granted the authority to operate as a commercial bank under the Monetary Board (MB) Resolution No. 1149 dated September 3, 1997 and commenced operations on October 31, 1997. In 2012...
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...Islamic Banking and Finance: History Development Slide #1 Some Issues History Of IBF Development of IBF -Overview- 2. Islamic Banking and Finance: History and Development History and Development of IBF in Bahrain Full Fledged IB vs. IB windows • Word ‘bank’ comes from the word ‘banco’ - A table or a bench on which Italian money-changers used to display their monies and records and conduct their transactions History of Islamic Banking and Finance • Arabic financial and economic system preIslam – Trading based arrangements were common • Bay’ al-musawamah (bargaining) • Bay’ al-muzayadah (auctioning) • Bay’ al-amanah (trust sale) – Al-murabahah (resale with profit) – Al-tawliyyah (resale at cost) – Al-wadiah (resale at loss or below cost) History of IBAF- (2) – Barter trade was common – Al-sarf (money exchange) • Lack of standardization – for e.g., 10 grams of gold in coin form = 15 grams of gold in bracelet form – Institutionalization of riba – Widespread gharar and maysir – Monopoly, fraud and economic injustice was common History of IBAF- (3) • With the advent of Islam, – Eradication of riba institutions and practices – Eradication of gharar transactions – Institutionalization of fair and equitable markets • No monopoly, fraud • Standardization of money and commodity exchanges – Hadith on the six commodities – Islamization of many business organizations and institutions • Mudarabah, musyarakah, salam, muzara’ah (sharecropping or partnership...
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