a billion to gain? european microfinance network berlin, 26 april 2007 gera voorrips, ing...

A Billion to Gain?

European Microfinance Network

Berlin, 26 April 2007

Gera Voorrips, ING Microfinance Support

Commercial Banks participation in microfinance: for business or for CSR?

1. ING

Globally operating financial services provider (top 10)

50 million clients in 60 countries

Banking, insurance and asset management

Well known for working with and for entrepreneurs

More info on www.ing.com

ING and microfinance

Supporting microfinance by making direct contributions, sharing expertise, and increasing awareness (‘CSR’)

Microfinance as a business line in India

Important retail bank in Netherlands, Belgium, Poland and Romania

Microfinance in Europe?

2. A Billion to Gain?

An overview of global financial institutions and their activities in microfinance

Commissioned by the Dutch Ministry of Development co-operation and ING

Originally published in February, updated in November 2006

How are banks involved in microfinance?

Activities

Wholesale and retail

Products

Financial and non-financial

Why are banks involved in microfinance?

Citizenship orientation (‘CSR’)

Commercial orientation

Complementarities: partnerships

ABN AMRO ACCION, Shorecap

Citigroup ACCION, WWB

Deutsche Bank WWB, IFC

ING Oikocredit, WWB, Opportunity

International, UNCDF

Rabobank Terrafina

Société Générale ADIE, Planet Finance

Complementarities: innovations

Loans in local currency

Remittances

Securisations

Leasing

Micro-insurance

Technical assistance

Equity Stakes

Investing funds

Momentum: an increasing involvement

Wholesale loans ~ USD 600 million

Remittances ~ Pilots going on

Equity stakes ~ First movers are there

Investment funds ~ Many

Thank you

www.ingmicrofinance.com