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33 African Dfis Declared as Best Performing Institutions in 2017

AADFI
33 African Dfis Declared as Best Performing Institutions in 2017

The Association of African Development Finance Institutions (AADFI) recently published the results of its 2017 Peer Review Exercise of African DFIs with the AADFI Prudential Standards, Guidelines and Rating System (PSGRS) and unveiled the Revised PSGRS Document in Abuja, Nigeria.

The 2017 Peer Review Exercise of African DFIs covered 49 institutions, comprising 33 Ordinary AADFI member institutions, 5 special AADFI member institutions and 11 non-AADFI member institutions. The results of the exercise announced by the Peer Review Consultant, Mr. Paul Yuma Morisho and reviewed at the 87th Meeting of the AADFI Executive Committee were approved on 10th November 2017 at the 2017 CEO Forum of African DFIs held in Abuja, Nigeria.

The detailed results below showed that 33 institutions scored 80% and above and were declared Best Performing DFIs.

Rated Institutions

Results

Ratings

Trade and Development Bank (TDB – Kenya)

98%

AA

Groupe du Crédit Agricole du Maroc (GCAM - Morocco)

98%

East African Development Bank (EADB – Uganda)

97%

African Export and Import Bank (AFREXIMBANK – Egypt)

96%

Banco Sol (BS – Angola)

96%

Liberian Bank for Development and Investment (The) (LBDI – Liberia)

96%

Tamwill El Fellah (TEF – Morocco)

96%

National Investment Bank Ltd (NIB – Ghana)

94%

Agricultural Bank of Zimbabwe (AGRIBZ – Zimbabwe)

93%

Banque Nationale de Développement Économique (BNDE – Burundi)

92%

Bank of Industry Ltd (BOI – Nigeria)

91%

Development Bank of Rwanda (BRD – Rwanda)

91%

 

Export Development Fund (EDF – Malawi)

90%

A+

Citizen Entrepreneurial Development Agency (CEDA – Botswana)

89%

Development Bank of Southern Africa (DBSA South Africa)

89%

Bostwana Savings Bank (BSB – Botswana)

89%

Industrial Development Corporation (IDC – South Africa)

88%

Agricultural Finance Corporation (AFC – Kenya)

88%

Uganda Development Bank ltd (UDBL – Uganda)

86%

 

GAPI sarl (Mozambique)

85%

A

Development Bank of Zambia (DBZ – Zambia)

85%

Nigerian Export-Import Bank (NEXIM – Nigeria)

85%

Development Bank of Namibia (DBN – Namibia)

85%

Swaziland Development Finance Corporation (FINCORP – Swaziland)

84%

IDB Capital Ltd (IDB – Kenya)

83%

Swaziland Development & Savings Bank Swazibank (SZB – Swaziland)

83%

National Development Bank (NDB – Botswana)

82%

Eximguaranty Co Ghana Ltd (Ghana)

82%

Lesotho National Development Corporation (LNDC – Lesotho)

81%

Infrastructure Development Bank of Zimbabwe (IDBZ – Zimbabwe)

81%

Tourism Finance Corporation (TFC – Kenya)

81%

The Infrastructure Bank Plc (TIB PLC – Nigeria)

80%

Industrial Development Bank of Sudan (IDBS Sudan)

80%



The importance of the Self-Assessment of member institutions with the PSGRS is to identify the weaknesses of each member institutions with a view to taking corrective measures to address them. The results also project DFIs as performing in compliance with best standards and practices. The participation of DFIs in the Peer Review entitles them to qualify for assistance from key institutions, especially the African Development Bank (AfDB) and sub-regional multinational financial institutions across the globe.

In accordance with the directives for the Peer Review of DFIs, individual Results Transcripts and Rating Certificates are issued to all participating institutions whose Self-Assessment results for the Peer Review were validated by their External Auditor, Central Bank or Supervisory Authority.
The next DFIs Annual Assessment Exercise will be conducted in 2018 with the Revised PSGRS and the results peer reviewed and approved by the Executive Committee Members at their meeting to be held in November 2018 in Cyprus.

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

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