International finance corporation
The International Finance Corporation (IFC) Capitalization Fund, a fund managed by the private-investment arm of the World Bank Group, recently announced it will invest a total of USD 40 million in XacBank, a Mongolian community development microfinance institution (MFI) [1]. The investment will be directed towards strengthening the bank’s capital base and increasing financial access for the country’s small and medium-sized enterprises and middle-income home-buyers. As of 2011, XacBank reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 594 million, a gross loan portfolio of USD 393 million, approximately 77, 345 borrowers, return on assets (ROE) of 1.71 percent and return on equity (ROE) of 18.53 percent.
Founded in February 2009, the USD 3 billion IFC Capitalization Fund is a global equity and subordinated debt fund that aims ... the financial downturn that began in 2007, by supporting banks considered vital to the financial markets of individual developing countries.
By Amy Samudre, Research Associate
About XacBank: XacBank is a community development microfinance bank that was founded in 1998 and aims to become a commercial financial institution “by providing inclusive and value adding financial services to the citizens and expatriates, institutions and enterprises of Mongolia, while maintaining its leadership in the global microfinance industry.” XacBank is a subsidiary of TenGer Financial Group, a regional family of companies that also includes XacLeasing, XacSecurity, TenGer Solutions and TenGer Insurance. As of 2011, XacBank reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 594 million, a gross loan portfolio of USD 393 million, approximately 77, 345 borrowers, return on assets (ROE) of 1.71 percent and return on equity (ROE) of 18.53 percent.
Source: MicroCapital
You might also like:
Obama, only born in Kenya
When it sounds good to promote his book.
"Barack Obama, the first African-American president of the Harvard Law Review, was born in Kenya and raised in Indonesia and Hawaii. The son of an American anthropologist and a Kenyan finance minister, he attended Columbia University and worked as a financial journalist and editor for Corporation. He served as project coordinator in Harlem for the New York Public Interest Research Group, and was Executive Director of the Developing Communities Project in Chicagos South Side. His commitment to social and racial issues will be evident in his first book, Journeys in Black and White."
See?
In a January 30 editorial, The Wall Street Journal asserted, "Democrats object to cutting the U.S. 35 percent corporate tax rate -- which is higher than in all of Europe." But the Journal's comparison of the U.S. statutory corporate tax rate to the statutory rates of other nations is misleading.
In its August 20...omestic income of large corporations with positive domestic income in 2004 was an estimated 25.2 percent." Further, in its Paying Taxes 2009 publication, based on its 2009 Doing Business report, the World Bank-International Finance Corporation estimated that the United States has a lower effective rate of current corporate tax than several developed economies, including Germany and Italy.
No lit. source prior to 1991 says Oborn in HI
Only. Kenya.
"Barack Obama, the first African-American president of the Harvard Law Review, was born in Kenya and raised in Indonesia and Hawaii. The son of an American anthropologist and a Kenyan finance minister, he attended Columbia University and worked as a financial journalist and editor for Business International Corporation. He served as project coordinator in Harlem for the New York Public Interest Research Group, and was Executive Director of the Developing Communities Project in Chicagos South Side. His commitment to social and racial issues will be evident in his first book, Journeys in Black and White."
Baobab Resources (LSE:BAO) Positive Test Results Point to Simpler Processing … — Yahoo!7 News
... to provide an update on the metallurgical test work which is being completed as part of the Pre-Feasibility Study (PFS) at its 85% owned Tete pig iron, vanadium and titanium project (IFC (International Finance Corporation) hold a 15% participatory …
|
The Long Paddock TV Series Episode Video on Demand () |
|
The Soldier's Choice TV Series Episode Video on Demand () |
|
Essentials of Corporate Finance (The Mcgraw-Hill/Irwin Series in Finance, Insurance, and Real Estate) Book (McGraw-Hill/Irwin) |
|
Corporate Finance Europe. by Adrian Buckley ... [Et Al.] Book (McGraw-Hill) |
|
International Finance Corporation - Wikipedia, the free encyclopediaThe International Finance Corporation (IFC) is an international financial. The IFC is a member of the World Bank Group and is headquartered in Washington. |
|
International financial institutions - Wikipedia, the free encyclopediaThey include the World Bank, the IMF, and the International Finance Corporation. Today the largest IFI in the world is the European Investment Bank which. |
|
International Finance Corporation | Bank Information Center: Monitoring the projects and policies of the World Bank, IMF and other international financial institutionsThe International Finance Corporation (IFC) is the private sector lending. |
|
IFC.org - Global Corporate Governance ForumThe Global Corporate Governance Forum supports regional and local initiatives to improve corporate governance in middle- and low-income countries in the. |
Related posts:
RT @IFC_org: Private Sector Matters for Development—Share your thoughts, blogs & stories with us at #PSDmatters
@GhanatoGhana: \ International Finance Corporation (IFC) invests $4.4m in Ghana’s A&C Shopping Centre..
@ranchiexp: IFC made consultant to revamp Jharkhand healthcare facilities: International Finance Corporation (IFC), an inter...
@ElbrusRED: Join the conversation on Private Sector Matters for Development. Share your thoughts at #PSDmatters #IFC
