CreditBank PNG’s Post

We are delighted to announce a new collaboration with Doğan Investment Bank Doğan Yatırım Bankası to enhance supply chain financing for small and medium-sized enterprises (SMEs) in Türkiye. This partnership underscores our commitment to strengthening the financial sector and supporting sustainable economic growth in the Black Sea region. Doğan Investment Bank will leverage a state-of-the-art SME digital lending platform, developed in collaboration with leading fintech companies. This platform streamlines access to finance, offering efficient credit decisions based on behavioral and financial scoring. With this innovative approach, SMEs will benefit from flexible, timely financial support to meet their operational needs, helping them manage and optimize cash flow risks effectively. “We are pleased to expand BSTDB’s support for the Turkish economy through our partnership with Doğan Investment Bank, a newly established and fast-growing financial institution. Providing small businesses with the tools they need to become more competitive is vital for the sustainable development of the country’s economy. This collaboration, which includes supply chain financing and support for Doğan Investment Bank's digital lending platform, aligns with our strategic objectives to bolster the financial sector and support SMEs in the Black Sea region,” said BSTDB President, Dr. Serhat Köksal, at the signing of the agreement. More details at: https://bit.ly/41n98oB #BSTDB #DoğanInvestmentBank #Partnership #Türkiye #TurkishSMEs #SupplyChainFinancing #DigitalInnovation #SustainableDevelopment

📊 Equity Bank Half-Year 2024 Performance Highlights Equity Bank has shown strong resilience and strategic growth in its half-year results. See Key highlights showing Equity Bank Limited ‘s commitment to inclusive finance, digital transformation, and regional growth positioning it as a leader in East Africa’s financial landscape. #EquityBank #FinancialResults #InclusiveFinance #EastAfrica #DRC #DigitalTransformation #SocialImpact

Today is the 4th day at #CIB_Summer_Intership_2024 in Round 8. This day is special because I started to know what #Fintech is and why it has a great basis in economics, and this is thanks to Maged Moris The #fintech_sector_in_Egypt is crucial for several reasons: 1. *Economic_Growth*: The sector attracted $796.5 million in investments in 2022, boosting economic activity and creating jobs 2. *Financial_Inclusion*: Fintech solutions help bring more people into the formal financial system, especially in a country where the informal economy is significant 3. *#Innovation_and_Efficiency*: Fintech promotes innovative financial products and services, enhancing efficiency in payments, lending, and other financial transactions 4. *#Regional_Leadership*: Egypt is becoming a fintech hub in the Middle East and North Africa, attracting regional and global investors and expanding its influence in the fintech landscape 5. To avoid lengthy discussions, I have chosen to focus on Halan and highlight its positive role in the Egyptian economy To avoid lengthy discussions, I have chosen to focus on #Halan and highlight its positive role in the #Egyptian_Economy #Halan, officially known as MNT-Halan, is a leading Egyptian fintech company founded in 2018. It provides a comprehensive digital ecosystem aimed at financially including the unbanked population and replacing cash transactions with electronic solutions. #Halan's_platform offers a variety of services, small and micro-business lending, consumer finance, prepaid cards, e-wallets, savings, payments, and e-commerce. The company has served over seven million customers and disbursed more than $4.4 billion in loans. Recently, Halan secured $157.5 million in funding to support its expansion plans, with significant contributions from the International #Finance_Corporation (IFC) and several other investment partners. This funding will enable Halan to enhance its services and extend its reach beyond Egypt Finally, thanks alot #CIB Thanks Farida Elsefary Thanks Maged Moris Thanks Mostafa Torky #CIB_Summer_Intership_2024

MNT-Halan, one of Egypt’s largest non-bank financial institutions and fintech, has acquired Tam Finans, a leading commercial finance company in Turkey with a loan book exceeding USD 300 million, from Actera Group, one of the country’s leading private equity firms, and the European Bank for Reconstruction and Development (EBRD). Terms of the transaction were not disclosed. The market opportunity in Turkey is significant, with a population of 85 million, a GDP surpassing USD 1 trillion, and a household debt-to-GDP ratio of only 11.7%. With ample growth opportunities for the banking sector, MNT-Halan’s digital financial solutions promise to be transformative for businesses and individuals. https://lnkd.in/gS53GmxW MNT-Halan Mounir Nakhla Tam Finans Hakan Karamanlı #brm #financialinstitution #fintech #financecompany #acquisition #financialservices #Turkey #Egypt 

🌏 Empowering Emerging Markets Through Digital Transformation 🌏 We’re proud to support financial resilience and sustainable growth in the Pacific region. As highlighted in our founder’s recent insights, digital innovation is key to creating a stronger, connected future for economies like Papua New Guinea. With adaptable, advanced technology, banks can better serve their communities and drive impactful change. Together, let’s build the foundations for long-term growth in emerging markets. #DigitalBanking #PacificPartnerships #FinancialResilience #EmergingMarkets #Innovation

FSVC, with support from the U.S. Department of State, recently conducted a workshop in Tunis for representatives from the Central Bank of Tunisia, the Microfinance Control Authority, and the Capital Market Council on regulatory sandbox operation strategies, which involve managing and facilitating the testing of new financial products and services. FSVC volunteer experts Dina Mainville and Karsten Wenzlaff provided an overview of global regulatory sandbox initiatives and financial innovation trends, facilitating discussions on enhancing interagency cooperation and addressing operational obstacles in the fintech sector. As a result, participants deepened their understanding of financial innovation and further sought FSVC’s assistance in implementing effective sandbox tools to integrate fintech into the economy, support small and medium-sized enterprise development, and enhance financial inclusion.   FSVC looks forward to continuing this valuable work in Tunisia! #FSVC #Tunisia #CentralBank #Microfinance #capitalmarkets #regulatorysandbox #fintech #financialinnovation #trends #SMEsupport #financialinclusion

Uzbekistan based TBC UZ secures $10 million to boost financial inclusion in the country #TBC Bank Uzbekistan, a subsidiary of the London-listed TBC Bank Group PLC, has secured a $10 million credit line from impact investor responsAbility Investments AG. This funding aims to expand TBC's microlending business and promote financial inclusion in Uzbekistan, Central Asia’s most populous country. TBC Bank Group, with a strong presence in Georgia, ventured into Uzbekistan in 2019 by acquiring a controlling stake in PayMe, a #fintech payments app for individuals and small businesses. The group launched TBC UZ, a branchless digital bank, in October 2020, following the acquisition and banking license approval earlier that year. Leading the charge in Uzbekistan is Nika Kurdiani, CEO of TBC Group operations in the country. The credit line from responsAbility Investments AG follows a previous $10 million credit line provided by their Green Climate Partnership Fund (GCPF) earlier this year. This previous funding supported environmentally sustainable projects, highlighting TBC Bank's commitment to both financial growth and environmental sustainability. TBC Bank Uzbekistan operates through both physical and digital channels, offering a range of financial services including the digital payments app Payme and its instalment credit business, Payme Nasiya. The focus is on microlending, aiming to provide accessible financial services to individuals and micro enterprises across Uzbekistan. The group boasts an impressive ‘AA’ MSCI ESG rating, reflecting its commitment to environmental, social, and governance standards. TBC Bank Group was also honored with the EBRD’s Annual Sustainability Silver Award for environmental and social best practice in 2023. Additionally, TBC Bank Uzbekistan holds a Long-Term Issuer Default Rating (IDR) of BB- from Fitch Ratings, indicating strong financial health and operational stability. The article on Finextra in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

FNB Wealth and Investments says demand for South African exchange-traded funds is growing, albeit from a lower base than global peers. The unit, headed by Bheki Mkhize, was at the coalface of investors’ money pivoting out of local stocks into #offshore destinations and local cash and fixed income in the first six months of 2024, writes Jaco Visser. Among #FNB's wealthier customers, ‘a lot of money is going offshore’. At the same time, there is demand for #ETFs. #offshoreinvestment #FinanceNews #InvestmentInsights https://lnkd.in/dG_dV7aV

Fidelity Bank’s N127.10 Billion Capital Raise to Strengthen Market Position and Global Presence: Onyeali-Ikpe The Managing Director and CEO of Fidelity Bank Plc, Nneka Onyeali-Ikpe, announced that the bank’s N127.10 billion capital raising initiative is designed to enhance its market position and expand its global footprint. Onyeali-Ikpe made this statement at the "N127.10 Billion Public Offer and Rights Issue Facts Behind the Combined Offer" event held at the Nigerian Exchange Limited Headquarters in Lagos. She highlighted that Fidelity Bank is the first Nigerian bank to launch a public offer following the Central Bank of Nigeria’s (CBN) directive on banking sector capitalization issued in March 2024. Starting on June 20, 2024, Fidelity Bank commenced its public offer of 10 billion ordinary shares at 50 kobo each, priced at N9.75 per share, along with a rights issue of 3.2 billion ordinary shares at 50 kobo each, priced at N9.25 per share. Onyeali-Ikpe described the N127.10 billion capital raising exercise as a pioneering move in the banking industry’s capitalization efforts. She noted that the capital-raising process was initiated after obtaining approval from shareholders in August 2023 and emphasized that this exercise is part of the management’s strategic growth plan to secure additional capital for the bank's expansion and development needs. #fidelitybankshares #explorepage #BankingIndustry #fidelitybank #cbn #publicoffer #bank #nigerian #lagos #ceo #capital #offer #public

We graduated from Cradle CGP, where we pivoted to the Rent-to-Own (RTO) model in my early 30s. Now, at 42, I asked my team, "Ready for an even bigger challenge?" They laughed, but we were serious. Our new solution is even tougher—innovating beyond policy boundaries. We're not being reckless; our goal is to raise awareness and urge policymakers to rethink the financing framework for greater financial inclusion, without compromising lenders' interests. After six months of conversations with underserved communities and lenders, we’ve finalized our MVP’s scope. Now, we face a few key challenges and more... 1. Validating our idea. We've made progress and were shortlisted among the top 25 Islamic FinTechs in the #FikraAceAccelerator by the Securities Commission Malaysia. Waiting for the next top 10 announcement! Fingers crossed!🤞 2. Finding the right advisor. Fortunately, we have someone deeply experienced on board, and we’re incredibly grateful. 3. [Pending] To engage with policymakers and regulators Bank Negara Malaysia PayNet (Payments Network Malaysia) on a solution grounded in two core principles—responsible lending & borrowing, supported by proven models. We believe Cradle Fund can connect us to the right, relevant party! Fingers crossed. 🤞 Our FinTech solution focuses on character (the first "C"), particularly the #willingnesstopay, and is aligned with #IslamicFinancing, which emphasizes fairness and social justice. If we succeed, we have the potential to reshape the financing ecosystem and expand financial inclusion. The road ahead will be tough, but the potential impact on the community makes it all worthwhile. #digitalbank #PTPTN #IslamicBanks