Bunna International Bank S.C .
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Transcript of 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;
Strong shareholder base-more than 11,ooo;Commencement of operation was on 10th of
October 2009;
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 30th
2013;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;
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;
ValueValues StatementEncourages 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;
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
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 cheque account
Money Market account;Negotiable Order of Withdrawal account;Gold Chq account;Star Demand Deposit account;Salary Drawing account ;Student Fund Transfer account;Gift cheque account
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
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
Products /Service ….Cont’d3. 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,
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
Products /Service -----Cont’d
Consumer loans ;SME’s/micro loans;Contractor financing;Loans for NGO’s
Consumer loans ;SME’s/micro loans;Contractor financing;Loans for NGO’s
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;
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;
Thank you