Download - ICC Banking Commission 2016 Annual Meeting Highlights

ICC BANKING COMMISSION JOHANNESBURG 2016 @ICCBanking#BCMeeting

JOHN DANILOVICHSecretary General, ICC

The discussions at the ICC Banking Commission meeting in Johannesburg map out an agenda to revitalize global trade as a driver for growth an employment, for the benefit of all. The work of this commission has never been more important in the context of weak growth of international trade.”

ICC BANKING COMMISSION JOHANNESBURG 2016


DANIEL SCHMANDChair, ICC Banking Commission Global Head of Trade Finance, Deutsche Bank

Much of the potential offered by Africa remains untapped. Exploring and understanding this vast and varied landscape is vital for growth of global business.”


ERIC DE JONGEManaging Director, Global Head Structured Export Finance, ING Bank

There is a perception of high risks for financing trade in Africa. However, we find ways to mitigate these for bankable projects, also with the implication of Export Credit Agencies which are increasingly becoming more flexible in their support to reduce the trade finance gap.”


GEOFFREY DE MOWBRAYChief Executive & Managing Director, Dints International

Africa’s interregional trade reached an estimated level of US$174 billion in 2014, the equivalent of 19.2% of total flows. However, what’s not taken into account is the prevalence of informal trade across Africa and, even though, it’s hard to quantify it, it’s estimated at around US$200 billion.”


HYUNG AHNGlobal Manager for Trade and Commodity Finance, International Finance Corporation

We need to embrace the sustainability perspective - it’s a moral responsibility that expands beyond the banking community, involving governments, global players and SMEs in a collective responsibility.”


SIM TSHABALALAChief Executive Officer, Standard Bank

In some countries, local banks have little access to international financial systems and lack capacity to support international trade. Further, as some international institutions have de-risked, it has become harder for companies in some African countries to obtain trade finance at affordable rates.”


YAW KUFFOURHead of the Trade Finance Program, Financial Institutions Division, African Development Bank

Finance for trade in Africa is affected by very poor country ratings, weak banking systems, small banks with weak capital bases and the difficulty of international banks in justifying the deployment of their capital to support trade finance transactions in these countries.”


MARIANA KRUGERGeneral Manager for Private Sector at MTN Business SA

12% of adults in Sub-Saharan Africa use mobile banking compared to 2% on average worldwide. The Africa model in this sense is different than what we see worldwide and financial institutions should address this model with relevant solutions.”


ROBERT BESSELINGExecutive Director EXX Africa

The real risk is the contagion to the African banking sector, where the African banking sector is heavily exposed to the oil industry and the construction industry on the back of oil, due to heavy borrowing on those two key sectors. Governments in African have been increasingly turning to multilateral development banks and other lenders for emergency assistance.”