MOBILIST is proud to announce our catalytic participation in the successful listing of Thai Credit Bank Public Company Limited (Thai Credit) on The Stock Exchange of Thailand (SET). Thai Credit celebrated its listing at the exchange this morning after an initial public offering (IPO) supported by the UK’s Foreign, Commonwealth and Development Office (FCDO) through MOBILIST and other key investors, the IFC - International Finance Corporation (IFC) and the Asian Development Bank (ADB). Thai Credit is the only licensed bank in Thailand that focuses on nano-finance, micro-finance, and loans to Micro, Small and Medium Enterprises (MSMEs) and the first financial institution serving this segment to list on the Thai stock market. Mark Gooding, British Ambassador to Thailand, says: “Thai Credit’s listing will enable the bank to expand its lending to businesses and individuals that are underserved by the banking sector, to not only foster financial inclusion but also support economic opportunities and job creation." Read more on MOBILIST's website: https://lnkd.in/ddqE4hMf
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💹 Asia's financial prowess is skyrocketing! Surging to an impressive USD 11.2 billion in 2022, Asia's private credit funds are propelling the region's financial prowess to new heights! What's fueling this surge? Banks' risk aversion, increased SME credit demand, and the evolving landscape of trade finance. Private credit steps in where traditional loans fall short. 💰 But it doesn't stop there – the global trade finance gap is now a staggering $2 trillion! Fintechs and Non-bank lenders, are seizing this opportunity with tailored financing structures, faster execution times, and compelling returns. With the APAC region retaining its leading position globally as the largest user of trade finance, we will take a deep dive into how the record-high increase in private credit transactions will have a growing role in Asia’s trade finance market. Read More: https://bit.ly/3NaK50n Think Working Capital, Think CredAble #PrivateCredit #AsiaFinance #TradeFinance #FinancialInsights #PrivateCreditAsia #AsiaFinance #FinancialGrowth #SMEFinance #CredAbleInsights #GlobalTrade
Private Credit’s Increasing Role in Asia’s Trade Finance Landscape
https://www.credable.in
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🌟 TECHZI Insight! | HSBC Singapore fuels Akulaku Indonesia growth with $100M debt financing, signaling a significant boost in the fintech sector. "The deal reinforces the bank’s commitment to supporting new economy businesses as they grow and expand across the region" Shaun Sakhrani, CFA head of structured banking for Southeast Asia at HSBC Singapore, Read more about this financing deal here: https://lnkd.in/g7T9uwx9 #fintech #debtfinancing #HSBC #Akulaku
HSBC Singapore Fuels Akulaku's Growth with $100M Debt Financing - Techzi
https://techzi.co
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TymeBank is raising $150 Million ahead of planned IPO #TymeBank, a leading #fintech digital bank in South Africa, is raising $150 million as part of its Series D funding round. This move comes as the company gears up for an initial public offering (IPO) by 2028, with a planned listing on the New York Stock Exchange and a secondary listing on the Johannesburg Stock Exchange for its South African shareholders. Founded to address the banking needs of the underbanked population in South Africa, TymeBank initially offered a fee-free debit card and transactional bank account. Today, it stands as a beacon of financial inclusion in a country where approximately 20% of the population is either unbanked or underbanked. The bank's innovative approach has propelled its growth and positioned it as one of the fastest-growing banks in South Africa. Led by CEO Coenraad (Coen) Jonker, TymeBank aims to be among the top three banks in South Africa in terms of customer numbers and return on equity. Jonker’s vision for the bank includes expanding its reach to new markets like Indonesia by the end of the year, leveraging the funds from the current raise to accelerate this international expansion. TymeBank is currently valued at nearly $1 billion, achieving a unicorn status as it progresses with its Series D capital raise, backed by Tencent. The $150 million target for this round is almost double what the bank raised last year, reflecting strong investor confidence and the bank’s ambitious growth plans. The expansion into markets like Indonesia signifies TymeBank’s strategy to tap into regions with significant unbanked populations, replicating its success in South Africa. This growth not only enhances TymeBank’s market presence but also contributes to financial inclusion on a global scale. The upcoming IPO will further bolster the bank’s capital, enabling it to pursue additional opportunities and innovations in the fintech space. TymeBank’s efforts align with broader trends in digital banking and financial technology, particularly in regions with banking deserts. As digital and mobile banking gain popularity, TymeBank’s user-friendly, fee-free model is well-positioned to attract a growing number of customers seeking convenient and accessible banking solutions. The article on Bloomberg in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W - Substack: https://lnkd.in/dzfGJzmW
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Director at Caproasia | Capital Markets, Investments, Private Wealth & Family Office for Institutions, Billionaires, UHNWs & HNWs in APAC (Events, Roundtables, Summits, Research, Data, Media, Marketplace, Platforms)
OCBC to acquire 99% of Indonesia PT Commonwealth Bank Indonesia from Commonwealth Bank of Australia for $191 million. Intends to acquire the remaining 1% from other shareholders. Announcement - https://lnkd.in/ghRDP6SZ follow Caproasia | Driving the future of Asia OCBC has announced to acquire 99% of Indonesia PT Bank Commonwealth from Commonwealth Bank of Australia for $191 million, and intends to acquire the remaining 1% from other shareholders. OCBC: “PTBC focuses on retail and small and medium-sized enterprises segments, providing a range of banking and wealth management products. Based on PTBC’s unaudited financial statements as at 30 September 2023, the net asset value and net tangible asset value of PTBC was IDR4.1 trillion and IDR3.5 trillion (approximately S$356 million and S$308 million), respectively. The Proposed Acquisition is subject to amongst others, regulatory approvals from Financial Services Authority of Indonesia (Otoritas Jasa Keuangan) and the Monetary Authority of Singapore. Upon the completion of the Proposed Acquisition, PTBC will be a subsidiary of OCBC Indonesia. OCBC Indonesia has sufficient financial resources, through its own internal cash, to fund the Proposed Acquisition.”
OCBC to Acquire 99% of Indonesia PT Bank Commonwealth from Commonwealth Bank of Australia for $191 Million, Intends to Acquire Remaining 1% from Other Shareholders
https://www.caproasia.com
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Private Credit has experienced unprecedented growth in the past few decades, so much so that its being referred to as the golden age of private credit. But this growth has raised concerns around the riskiness of this asset class. Contrary to misconceptions, Private Credit is not a ‘riskier credit.' Concerns about a surge in financial distress among private debt borrowers have prompted questions around likelihood of wealth destruction and defaults. So the question is, does the asset class merit these concerns? Read our latest piece on Private Credit in Asia – Regulation and the Risk of Contagion to see how private credit offers resilience in stressed environments, mitigated risks, and superior risk-adjusted returns. And learn about the potential for Asia as a bright new untapped region for private credit thanks to Singapore’s well-regulated and transparent financial markets. Article Link: https://lnkd.in/gm42HSvd #privatecredit #bpeacredit #financeinsights #systemicrisk #investmentopportunity #investmentstrategy #economicgrowth #growthpotential #asiagrowth
Private Credit in Asia - Regulation and the Risk of Contagion
bpeacredit.com
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Question: My company is showing exponential growth, yet no bank would lend. Don't banks understand risks and returns? This presents another angle to the question of why banks tend to be conservative. Banks are essentially not incentivised to take on high-risk companies or projects. Let’s simplify with an illustration. Imagine a company needing an additional $10 million, which it can raise from shareholders or banks. 1) Shareholders Maximum Loss: $10 million Maximum Profit: Unlimited Exp Return (5 to 7 yrs.): 500% to 10,000% 2) Banks Maximum Loss: $10 million Maximum Profit: Capped at interest rate Exp Return (5 to 7 yrs.): 45% to 63% The potential loss is the same for both shareholders and banks if the company fails – $10 million. However, shareholders have the chance to earn unlimited profit, while banks' profit is constrained by the interest rate. For SMEs seeking funds from equity providers like private equity firms, the expected returns range from 500% to 10,000% over 5 to 7 years. In Singapore markets, banks typically charge high single-digit interest rates, around 9% per annum for unsecured loans, yielding returns of only about 45% to 63% over the same span - a far cry as compared to private investors. Banks’s expected returns on loans is simply too low as compared to investors’ expected returns on investments. As such, it is to be expected that banks cannot be as aggressive as equity investors or business owners.
SME Financing Forum | LinkedIn
linkedin.com
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| 𝐏𝐮𝐛𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 | 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫 𝐍𝐨. 𝟏𝟑/𝟐𝟎𝟐𝟑/𝐓𝐓-𝐍𝐇𝐍𝐍 - 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐨𝐟 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐚𝐜𝐭𝐢𝐯𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐣𝐨𝐢𝐧𝐭 𝐯𝐞𝐧𝐭𝐮𝐫𝐞 𝐛𝐚𝐧𝐤𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 In order to attract and utilize additional capital from domestic and foreign enterprises, especially major global financial institutions, to participate in the establishment and management of joint venture banks in Vietnam, the State Bank of Vietnam issued Circular No. 13/2023/TT-NHNN on October 31, 2023, amending and supplementing certain provisions of the circulars regulating the licensing, organization, operation and documentation, procedures and approval process for certain changes in commercial banks, branches of foreign banks ("Circular 13/2023/TT-NHNN"). In this article, HM&P will discuss some of the new points in Circular 13/2023/TT-NHNN that companies and joint venture banks need to pay special attention to. >> Read the publication at: https://lnkd.in/gxcCkzp6 #hmplaw #investment #jointventurebanks #venturebanks
Circular No. 13/2023/TT-NHNN - Expansion of investment activities in joint venture banks in Vietnam
hmplaw.vn
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💡 Some thoughts from CY Huang The board of directors of SinoPac Holdings approved Bank SinoPac's acquisition of 100% equity of Amret MFI in three tranches, one of the leading financial institutions in Cambodia. #SinoPac will acquire 80% of Amret's equity in the first tranche for approximately US$435 million, followed by two tranches of 10% each at the end of the first year and second year, respectively. This case is an epoch-making case. First of all, The Taiwan government is actively promoting the new southward direction, but the investment of financial institutions in the new southward direction is still on the low side. In addition, #Cambodia has had a lot of negative news, including last year's telecommunication fraud, which caused many people to lose money. Still, SinoPac has been able to invest in the opposite direction. Thirdly, Amret's shareholders include the IFC - International Finance Corporation under the World Bank. In the next two years, IFC will continue to cooperate with SinoPac as its shareholders and cooperation partners, which is equivalent to cooperation with world-class financial institutions. As the founding chairman of the Taiwan Mergers and Acquisitions and Private Equity Association, I applaud Bank SinoPac. CY Huang President FCC Partners Asia Find more information at: Nikkei Asia - https://lnkd.in/eeaykWF3 Cambodia Investment Review - https://lnkd.in/eh_5dyQZ Taiwan Stock Exchange Corporation - https://lnkd.in/eNSGwVJn FCCP Ecosystems FCC Partners - https://lnkd.in/girvd-4 SIA - https://sia.net.tw/en/ LTC - https://lnkd.in/g2pJwMn CardinalRain - https://www.cardin
Taiwan finance group SinoPac enters race in Cambodian banking
asia.nikkei.com
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SHBFinance celebrates its 1 year joining Thailand's Fifth Largest Financial Group. Aiming to be in the top 5 largest consumer finance companies in Vietnam by 2028, a daily and trustworthy brand for financial solutions through customer-centricity & digital approach is the vision that SHBFinance was set after becoming a member of Thailand's 5th largest financial group, Krungsri. Let's look back at SHBFinance's accomplishments and remarkable results: ⭐ Established a leadership team comprised of experienced senior professionals ⭐ Launched credit cards and loans via digital channels, offered preferred lending policies to eligible customers, and improved disbursement speeds upto 5 minutes ⭐ The "Better Profile, Better Rates" approach improved client retention by 85% compared to the same period last year ⭐ Collaboration with major international credit institutions, including MUFG, KBank, and Deutsche Bank, lays the framework for solid funding for long-term business development ⭐ Implemented 3 new welfare policies, 10 internal events, and over 358 training courses to improve HR policies and promote work-life integration for employees ⭐ CSR Program "Easy Finance - Sustainable Future" officially launched from May 2024 to the end of 2026 "Within one year, with the strong collaboration of the SHBFC senior management team and the seasoned experts from Krungsri and SHB, SHBFinance has recorded outstanding achievements in both business results and ranking, becoming one of the first financial companies to be granted the highest security certification PCI DSS 4.0 Level 1 standard. SHBFC was awarded 4 categories in the Employer of Choice 2023 human resources award, became the champion of the DF Cyber Defense 2023. Despite the general market downturn, SHBFinance increased its credit growth rate by 32.3% and its market share by 1.5% in 2023 (according to Fingroup's ). These achievements prove SHBFC focus on the long-term goal of becoming the top 5 financial company in Vietnam. Although there are still many challenges, SHBFinance is acting firmly and decisively for the benefits of all our customer groups and Vietnamese economy and community general." shared Mrs. Olena Khlon CEO of SHBFinance. #SHBFinance #SHBFC #Krungsri #SHB ------------------------------------------------------ SHBFinance - Smart, Honest, Brave, Friendly, Cooperative Updating the newest career opportunities and #SHBFinancelife via 🌐 Website: https://lnkd.in/g_W3rZH3 🏠 Fanpage: https://lnkd.in/gXDc_rxy 🔖 LinkedIn: https://lnkd.in/gSYBHrsd
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Bahrain Economic Development Board (EDB) Highlights Investment Opportunities at Money20/20 Europe Dalal Buhejji, Executive Director of Business Development for Financial Services at Bahrain EDB, said, “As we continue to work towards attracting investments into key sectors as part of Bahrain EDB’s mandate to foster an attractive investment environment, thereby contributing to economic growth and diversification, events like Money20/20 provide an ideal platform to showcase Bahrain’s thriving financial services ecosystem to key global decision-makers and investors. Our supportive environment, highly skilled workforce, and forward-looking regulatory frameworks continue to foster creativity, innovation, and opportunities for global investors looking to tap into the fast-growing Middle East region and beyond.” https://lnkd.in/eKESHwKk #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews
Bahrain EDB Highlights Investment Opportunities at Money20/20 Europe
ffnews.com
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Senior Private Sector Adviser, leading FCDO's work on public markets capital mobilisation @MOBILIST_Global
5moAnother important transaction for MOBILIST, demonstrating that scarce ODA can transform the way development actors think about financing, enabling institutional investors to participate in ways we keep hearing they want to, and delivering value for tax payers.