session iv adfiap forum 2016 - presentation -arjun fernando

8
Setting DFIs' Agenda for Implementation of the Sustainable Development Goals (SDGs), (Perspectives from Africa, Asia & Latin America) ARJUN FERNANDO – CEO DFCC BANK

Upload: the-world-federation-of-development-financing-institutions

Post on 11-Jan-2017

10 views

Category:

Economy & Finance


2 download

TRANSCRIPT

Page 1: Session iv   adfiap forum 2016 - presentation -arjun fernando

Setting DFIs' Agenda for Implementation of the Sustainable Development Goals (SDGs),

(Perspectives from Africa, Asia & Latin America)

ARJUN FERNANDO – CEO DFCC BANK

Page 2: Session iv   adfiap forum 2016 - presentation -arjun fernando

DFCC BANK VISION To be the leading financial solutions provider sustainably developing individuals and businesses

MISSION To provide innovative and responsible solutions true to our values with the expertise of our multi-disciplinary team of professionals and synergies of our financial services group.

VALUESInnovative Customer CentricProfessional EthicalAccountable Team OrientedSocially Responsible

Page 3: Session iv   adfiap forum 2016 - presentation -arjun fernando

DFCC BANK - CORPORATE PROFILE DFCC BANK - OWNERSHIP

The Government of Sri Lanka is indirectly the largest shareholder in DFCC Bank through Bank of Ceylon, Sri Lanka Insurance, Employee Provident Fund & Employee Trust Fund.

- Public holding 63.3% among 8,640 shareholders.

- Institutional investors held 85.9%.

The market capitalisation of DFCC Bank as at 31 December 2015 was LKR 44.78 billion (USD 330 million). This was 1.52% of the total market capitalisation.

DFCC Bank was set up in 1955 as Sri Lanka’s pioneer Development Finance Institution on the recommendation of the World Bank. It is one of the oldest development banks in Asia, and renowned for its project financing and SME financing expertise.

In October 2015, DFCC Bank and its 99% owned subsidiary, DFCC Vardhana Bank amalgamated, and now DFCC Bank is a fully-fledged Licensed Commercial Bank.

“The DFCC, Sri Lanka’s pioneer Development Finance Institution (DFI), completed 50 years of successful operation in 2006. Many similar institutions established in other parts of the world, most notably following World War II, have ceased to exist because they have become financially not viable. The DFCC is one among a small number of DFIs that not only has continued to remain viable, but also has been successful in transforming itself into a multi-product and robust financial institution in a changing international and local environment” -- The World Bank: “DFCC Bank: One Among the Successful Few”, July 2007

Page 4: Session iv   adfiap forum 2016 - presentation -arjun fernando

DFCC BANK – GROUP STRUCTURE

Page 5: Session iv   adfiap forum 2016 - presentation -arjun fernando

DFCC BANK - BRANCH NETWORK

Branches 87 Region-wise Branch NetworkExtension offices 50

137 Region 1 Colombo – 1 18 Region 2 Colombo – 2 15

Region 3 Southern 10 Region 4 Central 13

Region 5 North-Western 09 Region 6 Eastern 15

Region 7 Northern 07 87

85 Own ATMSFree Customer Access to 800+ ATMs through networks of 8 other banksVisa Network – Sri Lanka and WorldwideInternet BankingMobile BankingVirtual Wallet

Page 6: Session iv   adfiap forum 2016 - presentation -arjun fernando

Setting DFIs' Agenda for Implementation of the Sustainable Development Goals (SDGs),(Perspectives from Africa, Asia & Latin America)

Resources required for implementation of SDGs are substantial.

Thus, DFIs have a critical role to play in implementation of SDGs in their community by evolving innovative sources of revenue.

Page 7: Session iv   adfiap forum 2016 - presentation -arjun fernando

Setting DFIs' Agenda for Implementation of the Sustainable Development Goals (SDGs),

(Perspectives from Africa, Asia & Latin America)

DFIs also need to prioritize SDGs to ensure that focus will be on implementation of the most critical SDGs.

Page 8: Session iv   adfiap forum 2016 - presentation -arjun fernando

Setting DFIs' Agenda for Implementation of the Sustainable Development Goals (SDGs),

(Perspectives from Africa, Asia & Latin America)

Going forward, with the huge potential to raise financial resources, we need a better insight into DFIs to understand how DFIs can leverage their role with limited capital and mobilize institutional investors to reduce the gap for SDG funding needs on a priority basis.