African Export-Import Bank (Afreximbank)’s Post

The 2023 was marked by significant achievements for NBG and the Greek economy. Our robust financial performance, our efficient internal operations, our asset quality, and our strong capital and liquidity positions, were well recognized by the regulators and the investment community. In the 2023 EBA Stress Tests, NBG ranked 5th among EU systemic banks and the top performer in Greece. Moreover, the November 2023 public offering of a 22% stake held by the Hellenic Financial Stability Fund in NBG attracted very strong interest from a broad investor base and was oversubscribed more than eight times. Learn more: https://bit.ly/43dFX6l #NBG #FinancialResults #FY23

African Bank CEOs Support Pan-African Payment System for Smooth Cross-Border Transactions. Promoters of the Pan-African Payment & Settlement System - PAPSS , including African Export-Import Bank (Afreximbank), African Union Commission (AUC), and African Continental Free Trade Area (AfCFTA) Secretariat, convened the inaugural Consultative Forum of African Banks' CEOs. Reflecting a commitment to AU decisions of 2019 and 2020, participants discussed PAPSS's role as the continent's financial infrastructure for cross-border transactions. They explored optimizing PAPSS to bolster AfCFTA implementation, emphasizing collective ownership for its success. The forum advocated integrating PAPSS into digital channels to enhance accessibility and urged banks to join efforts to drive intra-African trade through the system. PAPSS, already operational with 13 African Central Banks and over 115 commercial banks, is positioned to advance African trade and payments. #PAPSS #AfCFTA #AfricanBanking #CrossBorderPayments #IntraAfricanTrade #AfricanEconomy #DigitalPayments #Afreximbank #AfricanUnion

2023 was marked by significant achievements for NBG and the Greek economy. Our robust financial performance, our efficient internal operations, our asset quality, and our strong capital and liquidity positions, were well recognized by the regulators and the investment community. In the 2023 EBA Stress Tests, NBG ranked 5th among EU systemic banks and the top performer in Greece. Moreover, the November 2023 public offering of a 22% stake held by the Hellenic Financial Stability Fund in NBG attracted very strong interest from a broad investor base and was oversubscribed more than eight times. Learn more: https://bit.ly/43dFX6l #NBG #FinancialResults #FY23

Did you know that as early as 1963, through the AU Charter, the founding fathers had contemplated the establishment of a system that would allow African businesses to transfer funds from one African country to another without going through the Euro or USD? Almost 61 years later, this dream of the founding fathers is becoming increasingly tangible thanks to the leadership of African Export-Import Bank (Afreximbank) and African Continental Free Trade Area (AfCFTA) Secretariat via the Pan-African Payment & Settlement System - PAPSS platform . From May 11th to 12th, 2024, we had the honor of representing Vista Group Holding at the first PAPSS BANK CEO Forum where, over these two days, discussions revolved around the benefits and challenges faced by partner banks in popularizing PAPSS, as well as the actions to be taken to ensure that by 2025, this platform is used by the maximum number of businesses in Africa through their banks. We remain convinced that the increase in commercial transactions between African companies depends on the ability of these companies to also transfer financial flows from one country to another without an intermediary currency, with delays ranging from 2 to 3 days. When we see the determination of certain leaders like Wamkele Mene, we remain convinced that the increase in intra-African trade is no longer a dream but a reality.

Fitch Ratings has revised its Turkish banking sector outlook to ‘improving’ from ‘neutral’ on reduced external financing pressures and macro and financial stability risks following Turkiye’s adoption of more conventional macroeconomic policies after last year’s presidential election. Increased investor confidence in Turkiye’s policy framework has led to an improvement in the CBRT's FX reserves position, lower dollarisation and better access to external financing for banks. As a result, banks’ FX swaps with the CBRT, a significant proportion of the sector’s foreign-currency liquid assets, have reduced significantly. These factors should all continue to support financial stability. #turkiye #turkishbanks Analysis by Ege Birol, Maria Beatriz Rodriguez, Ahmet Emre Kılınç and Lindsey Liddell LEARN MORE: https://lnkd.in/ep7BUX2H

🌍 January will mark three years since the Pan-African Payment and Settlement System launched to revolutionise cross-border payments across Africa. By reducing reliance on third-party currencies and cutting $5bn in annual conversion costs, PAPSS is driving financial integration and boosting intra-African trade. 🔗 With agreements in place with 15 central banks and 150+ commercial banks onboarded, PAPSS enables seamless transactions between markets like Ghana, Nigeria, Zambia and Zimbabwe. 🚀 Afreximbank’s complementary currency exchange pilot is another milestone, helping corporates like Dangote Cement and Ethiopian Airlines repatriate funds efficiently without intermediary currencies. These initiatives are paving the way for enhanced economic co-operation across Africa. Read more here: https://lnkd.in/eZY56upt John Everington reports

With more capital, regional MDBs can be even more helpful to their member states  Multilateral development banks (MDBs) have historically provided steady support to developing countries and their governments. But when we look at the long-term data, we see that #MDB financing could either remain constant or even decline in real terms. For instance, in 11 countries in Eurasia, MDB non-sovereign financing increased by 12% in nominal terms between 2008 and 2023. In real terms (adjusted for inflation), this is equivalent to a decline of 20 per cent (source of data: EDB NSF Database).  There are several explanations for this. One of the central ones is access to #capital. Capital underpins an MDB capacity to increase #lending. We need to take a fresh look at the way in which capital is raised for the MDBs. To this end, the EDB has just published a new report on Capital in Multilateral Development Banks (https://lnkd.in/em6WZ3kA). It provides a detailed assessment of seven conventional and unconventional options for increasing the capital of regional and sub-regional MDBs. Challenging times might require novel solutions.  EDB continues to explore ways to enhance MDBs' financial capacity and performance. We would be happy to engage in analytical cooperation with ther MDBs (CAF -banco de desarrollo de América Latina y el Caribe-, Islamic Development Bank (IsDB), New Development Bank (NDB), The World Bank, Asian Infrastructure Investment Bank (AIIB), FONPLATA, Trade and Development Bank Group - TDB Group, and others). #MDB #capital #lending #development #finance

The Islamic Development Bank Institute (IsDBI) was pleased to collaborate with the Eurasian Development Bank (EDB) for a pioneering workshop on Digital Postal Islamic Financial Services and Sukuk Finance Corporation (SFC). A total of 250 participants joined online, while 25 EDB officials attended the workshop physically. The participants included the Chairman and Vice Chairman of the EDB Management Board, the Managing Director of Kazakhstan Postal Services, the Managing Director of the Digital Initiative Fund, and representatives from the Central Bank of Kazakhstan. Read more: https://lnkd.in/dEBicz_k #Financialinclusion #SDGs #Sukuk

📃 Stakeholder Notice 📊 Attention to all mutual banks and auditors: The Prudential Authority (PA) has published the minimum regulatory requirements for mutual banks’ fund liquidity contributions to the Corporation from 1 April 2024. When calculating the minimum required capital and reserve funds related to credit risk exposure to the Corporation, mutual banks are directed to apply a 0% risk weight based on the explicit guarantee provided by the South African Reserve Bank (SARB). 💻 Read more at https://bit.ly/4czNfVI #⃣ #SAICATechnical #PrudentialRegulation #CODI #MutualBanks #SAICAMiB #PA

Great get together organised by AFBS Association of Foreign Banks in Switzerland 🧀💫👏🏻 A key take away for me: banks are too Swiss and too cautious / strict on the financial market. We need to better market our environnement 🚀 We see many opportunities for foreign banks in our stable and neutral country 🇨🇭! Roman Studer Marni McManus Yvonne Lenoir Gehl Eric Stupp Joel Fischer Ralph Kreis #financialinstitutions #swissfinance #swissbanking CACEIS