Doc 0911/15 31 August 2015Vers. 1.1 JOY

22nd WSBI GENERAL ASSEMBLY Washington, 23 September 2015

7. WSBI International & Institutional IssuesItem 7.1. : Membership Situation

The members of the WSBI General Assembly are kindly requested to approve the proposed changes to the WSBI membership for 2015 and endorse the new membership applications.

World Savings and Retail Banking Institute - aisblRue Marie-Thérèse, 11 ￭ B-1000 Bruxelles ￭ Tel: + 32 2 211 11 11 ￭ Fax: + 32 2 211

11 99E-mail: first name.surname@wsbi-esbg.org ￭Website: www.wsbi.org

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1. Membership Situation - General Overview

This document provides an overview of the changes in the WSBI membership situation since the last Meeting of the WSBI General Assembly in San Salvador on 3 July 2014.

After the decisions taken at this meeting, the WSBI totaled 110 members in 79 countries.

The geographic distribution of WSBI members was as follows:

Region Number of members

Number of countries with WSBI

representativesAfrica 43 28Americas 15 12Asia/Pacific 20 14Europe 32 25Total 110 79

The following changes have taken place in the meantime:

New membership proposals :

One new application for full membership from Sumitomo Mitsui Banking Corporation ( SMBC) Japan;

Two applications for Associate membership from Alalay Sa Kaunlaran, Inc. (ASKI), a microfinance institution based in the Philippines, and from Afrique Emergence & Investments, a microfinance institution based in the Côte d’ Ivoire;

An application for ESBG membership from bpost bank, Belgium, was approved by the ESBG Board at its extraordinany General Assembly in November 2014. Thus bpost bank, Belgium, automatically becomes a member of WSBI.

The profiles of the three institutions that have applied for WSBI membership are enclosed in Annex. It should however be noted that the application from Afrique Emergence & Investments, has been received very recently and is currently being vetted by the WSBI Advisory Committee for Membership Applications.

Termination of membership with effect from 1 January 2015:

Nampost Savings Bank, Namibia

Asociación La Nacional de de Ahorros y Préstamos ( ALNAP), Dominican Republic

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Doc 0911/15 (Vers.1.1) Hravtska postanska banka d.d (Postal Bank), Croatia

JSC Halyk Bank, Kazakstan

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Evolution of the membership

In summary the membership situation will evolve in the following manner if the Board of Directors and General Assembly approve the proposed changes:

Evolution in the number of members per regionRegion Membership

Status(as of the last

GA in San Salvador, July

2014)

Cancellations of

membership

Number of new

members to be

ratified

New situation of the WSBI membership

after approval of proposed

changesAfrica 43 1 1* 43Americas 15 1 0 14Asia/Pacific 20 1 2 21Europe 32 1 1 32Total 110 5 4 110

Subject to positive advice on application from Afrique Emergence & Investment from the WSBI Advisory Committee on Membership Applications

Evolution in country representation among the WSBI membership per regionRegion Number of

countries with WSBI

representatives

(as of the last GA in San

Salvador, July 2014)

Countries where

membership of the WSBI is

terminated

Number of additional countries as a result

of new members

New situation of geographic distribution of

the membership

after approval of proposed

changes

Africa 28 1 0 27Americas 12 0 0 12Asia/Pacific 14 1 2 15Europe 25 1 0 24Total 79 3 2 78

110 Members in 78 countries

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ANNEX

Profiles of Banks and Micro Credit Institutions that have applied for WSBI Membership

WSBI MEMBERSHIP APPLICATION BY SUMITOMO MITSUI BANKING CORPORATION

PROFILE Organisation

Sumitomo Mitsui Banking Corporation (SMBC) is one of the largest banks in Japan and is ranked second in terms of total assets. It is a fully-fledged universal bank with retail, commercial and investment banking activities. It falls comes under the generic definition of “city bank” within the Japanese financial system. It was established in April 2001 through the merger of two leading banks, the Sakura Bank Limited and the Sumitomo Bank Limited. Thus SMBC has more than 400 years of history. From December 2002, SMBC is a wholly-owned subsidiary of Sumitomo Mitsui Financial Group Inc. (SMFG), a holding company.

SMBC’s competitive advantages include a strong customer base and an extensive line-up of financial products and services that leverage the expertise of strategic SMFG companies in specialised areas.

SMBC engages in a wide range of consumer banking services, services for business owners, high– net worth individuals and employees. It also provides investment banking, international banking and treasury services. It is thus a true large universal bank, but with the differentiating factor of a strong focus on corporate social responsibility (CSR), which it claims to be in its DNA for over 400 years. In effect its CSR activities are the foundation of the Group’s business strategies and are pursued as an integral part of these strategies in order to attain management policies and goals (see point 2 below).

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Doc 0911/15 (Vers.1.1)This focus is also illustrated by the fact that its consumer banking services, for example, are designed to accommodate the diversifying financial needs of individual client and its products and services cover the full gambit of savings to investments. They include asset management, life insurance and estate, consumer loans, including housing loans with special provisions for natural disasters and personal illness.

Its service for corporate clients, on the other hand, is focused on finance facilitation tailored to the needs of each client including medium-and small-sized businesses, to which they provide unsecured or unguaranteed loans. It also provides support for the establishment of new industry, new business and growing companies, including IPOs, as well as a wide range of other support facilities including management support, the provision of business referrals, support for career education, overseas development etc. it can thus be described as a bank that finances the real economy and makes a contribution to society.

Missiono We grow and prosper together with our customers, by providing

services of greater value to them.o We aim to maximize our shareholders’ value through the

continuous growth of our business.o We create a work environment that encourages and rewards

diligent and highly-motivated employees.

Ownership

As mentioned above, SMBC is a fully owned subsidiary of Sumitomo Mitsui Financial Group Inc. (SMFG). The main shareholders of SMFG are listed below.

Shareholders of SMFG (as of 31 March 2014):

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SMBC- Key financial indicators

o Assets and income

2014 2013millions of yen

millions of USD

millions of yen

millions of USD

Assets155.824.141 1.292.503

143.203.127 1.187.816

Total loans 69.754.391 578.587666.657.373 5.529.673

Total deposits108.516.404 900.103

101.315.909 840.377

Total income 3.108.619 25.785 2.810.902 23.315Net income 785.687 6.517 734.514 6.093

Banking profit641.9 billion* 5.3 billion

1 USD= 120.56 JPY

Source: 2014 Annual Report and Overview of Financial Performance Statement January 2015 (*)http://www.smfg.co.jp/english/investor/financial/latest_statement/2015_3/h2612_e2_00.pdf

o Capital adequacy requirements (as of 31 March 2014)

The total risk-weighted capital ratio was 15.51% compared to the minimum required total risk-weighted capital ratio of 8.0%. The Tier 1 risk-weighted capital ratio was 12.19%, including 10.63% of Common Equity Tier 1 risk-weighted capital ratio, compared to the minimum required ratios of 5.5% and 4.0%, respectively.

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Doc 0911/15 (Vers.1.1)SMBC was included in the list of Global Systemically Important Financial Institutions (“G-SIFIs”) in 2011, 2012 and 2013, and was also identified as a G-SIFI in November 2014. Therefore, it will be required to maintain the additional loss absorbency requirement, that is, 1% of additional common equity as a percentage of risk-weighted assets, which will be phased in from January 2016 and fully applied from January 2019.

o ROE of SMFG: 13.5% (as of January 2015)

Rating (as of December 2014)

WSBI ASSOCIATE MEMBERSHIP APPLICATION BY ASKI

Organisation and ownership

ASKI (ALALAY SA KAUNLAREN, INC) was officially registered with the Securities and Exchange Commission (SEC) in 1987 as a non-stock, non-profit organization committed to the promotion and development of micro, small and medium enterprises (MSMEs) as well as the delivery of social services. It employs some 820 staff and is operating primarily in the North-eastern portion of Luzon.

Its legal status does not confer ownership to anyone in particular and it is governed by a Board of Trustees. It has developed numerous strategic partnerships and receives funding from local fund as well as international investors such as OikoCredit, KIVA and Plan International.

The core of ASKI activities is its microfinance operations. It has however invested considerable effort in creating independent entities that will focus on providing specialized support services to their clients. These entities include: ASKI-Mutual Benefit Association (registered in 2006), ASKI-Foundation (registered in 2008), and ASKI Marketing Cooperative

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Doc 0911/15 (Vers.1.1)(registered in Feb 2009). The establishment of two further independent entities, ASKI-Socialized Housing Corporation and ASKI-Training Institute is planned for the medium term.

Mission

- To promote socio-economic development through client-focused financial and non-financial services anchored on Christian principles.

- ASKI provides credit to those who do not have access to financial institutions, establishing market links and networks with private and public sectors.

- It changes the image of the poor, being viewed as a male farmer needing subsidized agricultural credit. It came to see them as generally female micro-entrepreneurs with no collateral to pledge but with a business world to overcome with the help of micro credit. ASKI is gender sensitive, giving opportunities for both the male and female entrepreneurs.

ASKI products and services

The Financial product and service offer includes:- Credit products: Microcredit loans for microenterprises, loans for

agriculture, loans for education, housing loans, salary loans - Savings product: compulsory savings account- Insurance products: Voluntary health insurance, compulsory

agricultural insurance

The Non-financial product and service offer includes: - Enterprise skills development - Financial literacy education - Basic medical services

ASKI Key data

ASKI 2014 2013 2012

Assets (USD)55.517.64

654.617.3

60 47.141.013Capital/ Assets Ratio 23,42% 23,42% 22,66%Debt / Equity Ratio 3,27 3,27 3,41Deposits / Loans 19,53% 19,53% 16,29%Deposits/ Total assets 12,75% 12,75% 13,34%

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Doc 0911/15 (Vers.1.1)Gross Loan Portfolio/ Total Assets 65,27% 65,27% 75,75%Number of Active Borrowers 94.147 94.147 82.370Number of Outstanding Loans 105.931 105.931 93.757Percentage Female Borrowers 73,06% 73,27% 73,27%

Gross Loan Portfolio (USD)36.238.68

835.651.0

34 35.708.730Number of Depositors 111.749 111.749 94.695Number of DepositAccounts 122.177 122.177 104.261Average Deposits A/C Balance 58 57 56

Deposits (USD) 7.076.6446.961.88

7 5.815.922ROA 8,44% 9,11% 10,52%ROE 42,07% 46,59% 65,20%Profit Margin 23,52% 23,52% 27,41%

Source: MIX Report, http://reports.mixmarket.org/mfi/aski

Social performance:

Source: http://www.mixmarket.org/sites/default/files/aski_sp_r_microfinanza_rating_13.pdf

Microfinance HighlightsAs of March 31, 2015

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Doc 0911/15 (Vers.1.1)Total Outreach 136,545Branches 70Areas of Coverage Regions 1,2 and 3Province 17City/Towns 234Barangays (villages) 4,392

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WSBI ASSOCIATE MEMBERSHIP APPLICATION BY Afrique Emergence & Investments

Profile

Afrique Emergence & Investissements (AE&I) is a microfinance institution based in the Côte d’ Ivoire created in 2003 with the mission to “Sustainably provide innovative financial services and products to the low income and unbanked population with the aim improve their standard of living”. The vision of AE&I is to be the leader in providing financial services to micro-entrepreneurs and the economically vulnerable and excluded population from the current financial and banking system in the West African space.

1. PRODUCTS : low-cost financial product and services such as loans, voluntary savings, leasing, training & consulting, and full-scale financial education.

2. OUTREACH: 12000 clients served by 35 employees through 8 outlets mainly in the suburbs of the capital city Abidjan.

3. SHAREHOLDING: includes the holding Afrique Emergence and Investment, Access Bank, Development financial Institutions (DFIs) and private investors. The distribution of the shares is presented below:

Af Emergence & Invest

holding :55%DFIs :35%

Private investors: 7% ACCESS BANK: 3%

4. LINKAGES :

PARTNER NATURE OF THE RELATIONSHIP12

Doc 0911/15 (Vers.1.1)1. AFRICAP PARTNER

2. AMT NETWORK AFFILIATION

3. APSFD-CI NETWORK AFFILIATION

4. BANQUE RÉGIONALE DE SOLIDARITÉ

FUNDING

5. OIKOCREDIT FUNDING

FUNDING

6. PLANIS FUNDING

7. MICRORATE RATING

8. PLANET RATING

9. SMART CAMPAIGN ENDORSEMENT

10. I&P DEVELOPMENT

PARTNER

FINANCIAL PERFORMANCE:

PERFORMANCE INDICATORS VALUE USDTotal Assets 814 639Total Deposits 499 319Net loans and advances 432 800Return on Equity (ROE) 54%

Provision for Credit Losses 48 655

Net Loans to Deposit Ratio 87%

Source: Annual report 2014

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