Banken for en verden i endring The bank for a ... - BNP Paribas

Banken for en verden i endring The bank for a ... - BNP Paribas

• a partner in society / a deepening commitment to microfinance



Building on its experience of microfinance in

France and a number of African countries, where

it has been active since 1993, BNP Paribas set

up a groupwide Microfinance business in 2006.

This business is part of Asset Management

and Services, but its broad-ranging actions

means that it comes into play at the level of the

Bank’s French and International Retail Banking

Branches.The mid-term aim of this initiative is

to position the Group as one of the world’s leading

banks engaged in microfinance.

This new activity focuses mainly on granting

local currency refinancing to microfinance

organisations operating in the countries in which

the Bank does business. These fast-growing

organisations need significant funding to allow

them to develop their business and deepen

their social footprint. By 2010, BNP Paribas

wants to have developed partnerships with

some 30 organisations in around 15 countries,

and hopes that by 2015, several million people

will have benefited from microfinancing through

these organisations. As a result of its efforts, the

Bank helps to improve the quality of life for the

beneficiaries, and especially for women, who

account for 80% of borrowers.

BNP Paribas can also put to good use the

extensive experience it acquired in international

microcredit solutions through its partnership

with Crédit Rural in Guinea and the French

Development Agency. At the end of 2006, outstanding

international microfinance loans totaled

more than EUR 10 million in four countries

(Morocco, Guinea, Egypt and Madagascar). In

Morocco, BMCI provides refinancing to Al Amana

and Zakoura, the two largest local microfinance

organisations. In September 2006, BNP Paribas

Egypt signed a EUR 2 million loan agreement

with Dakahlya Businessmen’s Association for

Community Development, in partnership with

the Grameen-Jameel Initiative and the Abdul

Latif Jameel group.

The Microfinance business can also leverage the

experience acquired by BNP Paribas Banque

Privée in its partnership with PlaNet Finance and

the Swiss ResponsAbility fund. This fund, which

was proposed to Private Banking customers,

amounted to almost USD 100 million at the end

of 2006, and has benefited 127,000 people via

110 microfinance institutions in 36 countries.



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