STICHTING GLOBAL ALLIANCE FOR BANKING ON VALUES
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
The Global Alliance for Banking on Values (GABV) is the contracting party. It is a network of independent banks using finance to deliver sustainable economic, social and environmental development. The GABV comprises 70 financial institutions operating in 40 countries across Asia, Africa, Australia, Latin America, North America and Europe. Collectively they serve more than 60 million customers and hold over $210 billion of combined assets.
What is our funding objective?
The GABV member banks -many of them also FMO clients in emerging markets- and their clients as ultimate beneficiaries, need to be able to access correspondent banking efficiently and at affordable terms. While the GABV cannot deliver this impact directly, it can help create the framework conditions so that access of its member banks to the international payments system will improve over time.
Why do we fund this investment?
The funding provided by FMO will enable the GABV to take on Phase I of this project and respond to an important need expressed by several of its member banks, which are also FMO clients struggling with issues related to lack of access to correspondent banking.
What is the Environmental and Social categorization rationale?
Correspondent banking is key for banks operating in difficult environments to operate efficiently and effectively. This is particularly true for banks operating in the financial inclusion space.
More investments
| Date | Total FMO financing |
|---|---|
| 4/29/2020 | EUR 0.01 MLN |
- Website customer/investment
- https://www.gabv.org/
- Country
- Global
- Sector
- Infrastructure, Manufacturing and Services
- Publication date
- 6/13/2023
- Effective date
- 6/1/2023
- Total FMO financing
- EUR 0.04 MLN
- Funding
- MASSIF