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32 AFRICAN DFIs DECLARED BEST PERFORMING INSTITUTIONS IN 2016

AADFI
32 AFRICAN DFIs DECLARED BEST PERFORMING INSTITUTIONS IN 2016

The Association of African Development Finance Institutions (AADFI) recently published the results of its 2016 Peer Review Exercise of African DFIs with the AADFI Prudential Standards, Guidelines and Rating System (PSGRS). The assessment covered 38 institutions that submitted to the exercise.

The thirty-eight (38) participating institutions included 26 Ordinary AADFI member-institutions, 6 Special AADFI member-institutions and 6 non AADFI member-institutions.

The result of the exercise announced by the Peer Review Consultant, Mr. Paul Yuma Morisho from Abidjan (Côte d’Ivoire), was approved at the 85th Meeting of the AADFI Executive Committee held on 2nd November 2016 in Gaborone (Botswana) showed that the following 32 institutions scored 80% and above and were declared Best Performing DFIs in the following areas and order:

Areas assessed Governance Financial Operational Score % Rating
Groupe Credit Agricole du Maroc (GCAM - MOROCCO) 78 58 57 97 AA
East African Development Bank (EADB - UGANDA) 76 57 60 96 AA
National Investment Bank (NIB - GHANA) 77 57 58 96 AA
African Export and Import Bank (AFREXIMBANK - EGYPT) 77 54 62 96 AA
Liberian Bank for Development and Investment (LBDI - LIBERIA) 77 54 61 96 AA
Bank of Industry (BOI - NIGERIA) 75 59 55 96 AA
Eastern and Southern African Trade and Development Bank (PTA BANK - KENYA) 76 54 61 95 AA
Banque Nationale pour le Developpement Economique (BNDE - BURUNDI) 73 51 61 91 AA
Societe de Financement pour le Developpement Agricole “Tamwill El Fellah” (SFDA-TEF – MOROCCO) 77 49 56 91 AA
Botswana Development Corporation (BDC - BOTSWANA)* 71 54 55 90 A+
Development Bank of Rwanda (BRD - RWANDA) 75 49 54 89 A+
Botswana Savings Bank (BSB - BOTSWANA)* 73 48 57 89 A+
Development Bank of Ethiopia (DBE - ETHIOPIA) 70 52 53 88 A+
Development Bank of Southern Africa (DBSA – SOUTH AFRICA) 70 51 52 87 A+
Citizen Entrepreneurial Development Agency (CEDA - BOTSWANA) 71 53 46 87 A+
Shelter Afrique Centre (KENYA) 66 51 54 85 A
Nigerian Export – Import Bank (NEXIM - NIGERIA) 60 56 55 85 A
TIB Development Bank (TIB - TANZANIA) 70 46 55 85 A
GAPI Sarl (GAPI - MOZAMBIQUE) 72 42 58 85 A
National Development Bank (NDB - BOTSWANA)* 68 49 52 85 A
Agricultural Finance Corporation (AFC - KENYA) 67 47 57 84 A
Banco de Poupanca & Credito (BPC - ANGOLA) 65 50 54 84 A
Swaziland Development Finance Corporation (FINCORP - SWAZILAND) 70 48 47 84 A
Development Bank of Namibia (DBN - NAMIBIA)* 66 53 45 84 A
Eximguaranty co.(GH) Ltd (EXIMGUARANTY - GHANA) 70 45 51 83 A
Uganda Development Bank (UDBL - UGANDA) 69 47 50 83 A
Banque d’Investissement et de Développement de la CEDEAO (BIDC / EBID - TOGO) 65 45 58 82 A
IDB Capital Ltd (KENYA) 61 50 55 82 A
Swaziland Development & Savings Bank (SWAZIBANK - SWAZILAND) 68 50 40 82 A
Infrastructure Development Bank of Zimbabwe (IDBZ - ZIMBABWE) 69 39 56 81 A
The Infrastructure Bank Plc (TIB PLC - NIGERIA) 68 40 53 80 A
The importance of the Self-Assessment of member-institutions with the PSGRS is to identify the weaknesses of individual member-institutions with a view to taking corrective measures to address them. The result also projects DFIs as performing in compliance with best standards and practices. The participation of DFIs in the Peer Review enables them qualify for assistance from institutions especially the African Development Bank and sub-regional multinational financial institutions in Africa.

In accordance with the directives for the Peer Review of AADFI Members - Institutions, individual Results Transcripts and Rating Certificates are issued to all participant institutions whose Self-Assessment results for the Peer Review were validated by their External Auditor, Central Bank or Supervisory Authority.

The next DFI Annual Assessment Exercise will be conducted in 2017 and the results peer reviewed at the CEO Forum to be held in November 2017.

A copy of the Consultant Report on the 2016 DFIs self-assessment and Peer Review is available on our website Click here for information.

All further information about the PSGRS should be addressed to the Secretary General AADFI, Fax: +225 22 52 79 41 / 22 52 25 84 Email: info@adfi-ci.org

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