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Bunna International Bank S.C .

Bunna International Bank S.C. Background: It is a share company licensed in June 2009; On board as comprehensive Commercial Banking Businesses; The first of its kind in startup capital ,i.e.,312million and160million Birr subscribed and paid up capital, respectively ;

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Bunna International Bank S.C .

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  1. Bunna International Bank S.C. Background: • It is a share company licensed in June 2009; • On board as comprehensive Commercial Banking Businesses; • The first of its kind in startup capital ,i.e.,312million and160million Birr subscribed and paid up capital, respectively; • Strong shareholder base-more than 11,ooo; • Commencement of operation was on 10th of October 2009;

  2. Background---Cont’d • Unlike most commercial banks, BIB has registered profit in its first year, nine months operation; • BIB has 35 branches stretched throughout the country; • The total asset reached Birr2.2billion as at June 30th2013; • Outstanding loans and advances reached Birr938million as at June30th 2013; • Outstanding deposit reached Birr 1.55billion as at June 30th 2013; • Healthy asset-with nonperforming rate of 2.5%; • Paid divided for shareholders for the last two operation periods; • Job opportunity for 368 employees; • The total number of depositors and borrowers as at June 30th 2013 stands more than 42,000 and 1000, respectively; • Structured functionally, CEO at the top with 9 Departments and two services;

  3. Mission &Vision Mission : • Provide distinctly flavored banking service at convenient location; • Strong commitment to enhance values of key stakeholders through state of the art technology, high talent human resources; Vision: • To be public powered, uniquely flavored and most accessible bank;

  4. Value Values Statement • Encourages team spirit; • Employees are the greatest assets of the Bank; • Commitment to meritocracy and professionalism; • promote “Out of the box” thinking and invests in feasible ideas; • promote good corporate governance; • Commitment in corporate citizen with social and environmental responsibilities;

  5. Products /Services As comprehensive Commercial Bank, major services of BIB are as follows: 1. Accepting Deposit: the required fund is mobilized in the form of demand, saving and time deposit, however, the Bank has developed the following new deposit products: • Minor Trust Deposit account; • Youth Target Deposit account; • Special Purpose deposit account; • Deposit account for investment

  6. Products/Services ….Cont’d • Money Market account; • Negotiable Order of Withdrawal account; • Gold Chq account; • Star Demand Deposit account; • Salary Drawing account ; • Student Fund Transfer account; • Gift chequeaccount

  7. Products /Service ……Cont’d 2. International Banking Services: BIB provides advice to customers on: • financial issues; • potential risks due to lack of information and banking procedure, and • advice for importers and exporters

  8. Products /Service ….Cont’d 3. Loans and advances: BIB provides credit for borrowers of various economic sectors such as agriculture, industry, import-export domestic trade and services. • However, BIB has also launched multifaceted new loan products ranging from agriculture to SME’s and government to non government organizations : • List of loan products are: • Business loans-such as Bridge finance, cash flow lending, receivable finance, inventory finance, Dealer finance, floor finance, commercial real-estate, construction , export-import related, loan for vehicles, traders working capital ,contractor financing , line of Credit, merchandise, overdraft facilities,

  9. Products /Service …Cont’d • Agriculture Finance: it includes loan facilities such as Production-agriculture ,Non-production agri-loan, Agri-project (end to end) • Housing Finance ( includes expansion and improvement) • Single Unit mortgage • Multiple Unit mortgage • Condominium • Developer Loan

  10. Products /Service -----Cont’d • Consumer loans ; • SME’s/micro loans; • Contractor financing; • Loans for NGO’s

  11. Competitive Advantage of BIB: • Clarity of vision and mission-BIB knows where to go ahead; • Diversified and broad based shareholders-potential for resource mobilization; • Well-qualified and experienced management team and Board of Directors members; • Positive attitude of employees to BIB; • Good public image; • Availability of new or improved loan and deposit products;

  12. The way forward: • The Bank has formulated five years strategic plan taking the financial, marketing, products/channels, operations, people, and enterprise strategic issues as major pillars. • Set clear directions on how to work with SME’s, NGO’s and cooperatives;

  13. Thank you

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