Garanti Bank Romania : Striving to Lead--A Study on Women in Banking
The overall objective of this study is to learn about the results of the International Finance Corporation (IFC) “Banking on Women Program” (BoW) in Europe, Central Asia and the Middle East (EMENA). Established in 2010, IFC’s “Banking on Women Prog...
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| Format: | Report |
| Language: | English en_US |
| Published: |
International Finance Corporation, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/791761478006389684/Learning-study-on-impact-of-banking-on-women-programs-in-Europe-Central-Asia-Middle-East-and-North-Africa http://hdl.handle.net/10986/25379 |
| Summary: | The overall objective of this study is
to learn about the results of the International Finance
Corporation (IFC) “Banking on Women Program” (BoW) in
Europe, Central Asia and the Middle East (EMENA).
Established in 2010, IFC’s “Banking on Women Program” uses
IFC’s investment capital to help financial institutions
around the world with SME lending track records to
profitably expand their portfolios and provide women
entrepreneurs with access to finance. IFC also works with
financial institutions to deepen their ability to reach
women owned businesses through segmenting their target
market, positioning their brand and repositioningtheir
products to reach women borrowers. As of 2016, IFC’s BoW
Program has a portfolio of over$1 billion, invested in 32
banks around the world for on-lending to women, and is
working with 22banks globally to build up their capacity to
bank women. IFC’s “Banking on Women Program” in EMENA was
launched in 2011. Since then, IFC has provided over 130
million dollars in finance to six banks foron-lending to
women entrepreneurs: Garanti BankRomania, Fibabanka A.Ş.
Turkey, AlternatifbankAS in Turkey , Şekerbank T.A.Ş in
Turkey, Bankof Georgia, Transcapitalbank in the
RussianFederation. IFC has delivered advisory services toan
additional five banks to build up their capacityto serve
women customers (BLC Bank in Lebanon,Bank al Etihad in
Jordan, Bank Muscat in Oman,Habib Bank Ltd in Pakistan and
Bank of Palestine).The EMENA program is active in nine
countries. Garanti Bank Romania and BLC in Lebanon,both IFC
client banks, were selected for study as individual cases.
Each study looks at the existing capacity and performance of
each of these banks interms of its service to women
entrepreneurs in thelong-term in a commercially viable,
self-sufficient manner that is based on the bank’s own
in-house resources and capacities. Where possible, each
studyalso aims to understand if and how the women borrower
segment has affected each bank’s business (bottom line,
sustainability and growth targets). A separate phase two of
this study is being considered,wherein the impact of the
program on the end beneficiaries, women-owned SMEs, will be
assessed.This beneficiary survey will provide insights into
how effectively the bank’s women borrowers are reachedand
served. Ultimately, this study aims to generate learning for
IFC and its client banks in order to strengthen the design
and delivery of the banks’ BoW program, as well as IFC
engagements in this area. |
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