Guinea Mauritania Niger Senegal Benin Mali A Partnership to promote non-interest banking across Africa This report is solely for the use of intended recipients. No part of it may be circulated, quoted, or reproduced for distribution outside the client organization without prior written approval from TAH. This material was used by TAH during an oral presentation; it is not a complete record of the discussion. Nouakchott, April 16, 2012
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Guinea Mauritania Niger Senegal Benin Mali
A Partnership to promote non-interest banking
across Africa
This report is solely for the use of intended recipients. No part of it may be circulated, quoted, or
reproduced for distribution outside the client organization without prior written approval from TAH.
This material was used by TAH during an oral presentation; it is not a complete record of the
discussion.
Nouakchott, April 16, 2012
Agenda
1. Background & Profile of the Partners
2. Context and Challenges
3. Overall Vision and challenges ahead
4. Strategy Blueprint
5. Hightlights of the turnaround results
Background & Rationale For Establishing the Holding
In 2010, ICD has acquired controlling stakes in Islamic banks of Niger, Guinea and Senegal and secured a license to operate an Islamic Bank in Mauritania (“the Banks”)
Due to the weak market positions of the Banks, ICD invited Bank Asya (Turkey) for setting up a partnership that aims at achieving leadership position and promoting non-interest banking.
Tamweel Africa Holding was established to:
Access to larger market
Achieve operational synergies
Strengthen leadership across the target markets :the “Power of One”.
Build an organization with best practices and processes
Better alignment with the strategic Partner
The Partnership capitalize on complementarities to optimize returns…
Platform
Market knowledge
Brand Name
Long term resources
Lines of trade financing operations/ SME development
The Islamic Corporation for the Development of the Private Sector (ICD), is the private sector arm of the Islamic Development Bank (IDB), a multilateral development finance institution
IDB, headquartered in Jeddah, Saudi Arabia, is a USD 50bn+ bank with 56 member countries mainly located in Asia, Middle East and Africa
ICD was established in 1999 with an authorized capital of USD 2bn and a membership of 49 countries. It is 50% owned by IDB, 20% by public financial institutions and 30% by the member countries
The Vision of ICD is to be a major player in the development of the private sector as a vehicle for economic and social growth, and prosperity in Islamic countries
The Mission of ICD is to complement the role played by IDB through
Providing Islamic financial services and products
Promoting competition and entrepreneurship in member countries
Advising governments and businesses
Encouraging cross border investments
6
Overview of ICD’s Portfolio
7
ICD has already leveraged its position in the market to provide USD 1.4bn in financing projects.
Investment by Mode of Financing
Investments by Geography Investment Status
ICD is currently funding 162 projects on its own balance sheet and 43 projects through managed funds
Approved projects amount for USD 1,467mn on its balance sheet and USD 540mn through managed funds
ICD has funded projects in 29 countries and is looking forward to expand its investments to other member countries
As of end of 1431H
As of end of 1431H
Summary Profile of Bank Asya
Bank ASYA commenced its activities in , 1996 as the sixth private finance house of Turkey..
The capital has increased from TL 2 million in inception to its current level of TL 900 million TL (circa USD 500 million).
As of December 31st, 2011, Bank Asya posted:
Total Assets above USD 9.6 billion
Total deposit of USD 6.9 billion
Total Loan portfolio of USD 12.7 billion
Net Profit of USD 120.2 million
The main objective of Bank Asya is to spread interest-free finance system to larger masses by using the latest opportunities of technology in accordance with customer-oriented service mentality.
Besides traditional distribution channels, namely branches, Bank Asya aims at offering uninterrupted, rapid and effective service via Online Banking, Alo Asya Telephone Banking, ATM and POS stations
With cumulative non-cash transactions above USD 5.2 billion, Bank Asya is an ideal foreign trade partner in Turkey with its strong presence in the sector and with a large network of over 1000 banks in more than 100 countries.
Bank Asya, the first private finance house in Turkey having ISO 9001 Quality Management System Certification
9
Bank Asya has proven track record in network deployment since its inception in 1996
Number of branches Number of personnel
10
Bank Asya enjoys a leading edge in IT banking solutions…
Bank Asya was displayed the bank having the most effective performance in "Top 1000
World Banks" list of world-known financial magazine, The Banker.
AsyaCard DIT was awarded for "the Best Cash Displacement Initiative" at "Visa Europe
Member Awards" and "the Best New Credit Card Product Launch" at Cards & Payments
Awards.
Current Context
Entered pre-2009
Entered in 2010
To be entered in 2012
Potential option considered post 2011
Mauritania
Niger Mali
Senegal
Gambia
Guinea
Benin
Mauritania ▪ 1 Main branch
▪ 3 new branch
in 2012
Gambia
▪ Discussions for
potential entry
Guinea
▪ 2 branches
▪ 3 new branches
planned in 2011
Mali ▪ License to be acquired
▪ EUR 15 million capital
committed
▪ No branch & no
operation
Niger
▪ 1 branch
▪ 3 new branches
planned in 2011
Geographic footprint as of 16 March 2012
Senegal
▪ Main market
▪ 6 branches
▪ 12 new branches
planned in 2011
Tamweel is looking to quickly establish itself as a