ADOPEM Bank loan portfolio grows by more than 15% in 2016
The Savings and Credit Bank ADOPEM, serving vulnerable entrepreneurs in the Dominican Republic, increased its loan portfolio in 2016 by more than 15% over the previous year. At year end, BBVA Microfinance Foundation had 225,858 outstanding loans and a customer base of more than 390,000 people.
Public-private partnerships, the key to achieving the 2030 Sustainable Development Agenda
Zaragoza has become a meeting point for companies and institutions committed to their environment. For two days the fifth National Congress for Corporate Social Responsibility (CSR) was attended by almost 250 participants from all over Spain.
Microfinance in the digital age, challenges and opportunities
The leading microfinance experts on the continent gathered in Barcelona for the European Microfinance Summit (EMS), where for two days they shared their experience in order to identify the challenges and opportunities in the sector in the new digital age. This is one of the main challenges for the BBVA Microfinance Foundation, which, like the other organizations present, works in developing countries to improve the lives of disadvantaged sectors.
Banco ADOPEM, the first private capital bank present throughout the whole country
The BBVA Microfinance Foundation bank in the Dominican Republic is now the first private capital bank present in every province in the country. Thanks to its 74 branch offices and its 135 banking subagents, over 376,000 Dominican citizens now have access to ADOPEM’s banking offer.
The president of the IDB reiterates its support for the BBVAMF in future projects
The president of the IDB, Luis Alberto Moreno, held a working meeting this morning in the head offices of the BBVA Microfinance Foundation in Madrid, accompanied by senior executives from the Inter-American Investment Corporation (IIC). At this encounter with the CEO, Javier Flores and the BBVAMF Board of Directors analyzed the joint project of both institutions and laid out the next steps in the collaboration agreement, begun ten years ago.
“Financial inclusion, a key goal for the UN’s Development Agenda”
This afternoon in Madrid saw the presentation of the new report from the UN’s SDG Fund entitled “Sustainable Development Goals and the Private Sector”, which examines some of the key questions facing companies when incorporating and implementing these goals in their organization. The methodology of the BBVA Microfinance Foundation is included as a case study on the integration of the SDG in its primary activity.
ADOPEM holds the annual meeting with banking subagents
The BBVA Microfinance Foundation’s bank in the Dominican Republic has held the third annual meeting with ADOPEM Express banking subagents. The aim is to create a space for exchange and dialog on behaviors and practices that reflect the Bank’s values, integrity, passion and service vocation as well as its commitment.
Financiera Confianza appoints Elizabeth Nava as new director
Elizabeth Nava Salinas replaces Luis José Giove as director of Financiera Confianza, a member bank of the BBVA Microfinance Foundation. With 25 years’ experience in the microfinance sector, this Bolivian economist joins the bank’s Board of Directors, which already has four women among its eight members.
The BBVA Microfinance Foundation signs an undertaking with the World Bank to promote universal financial inclusion
The BBVA Microfinance Foundation has signed in Washington its undertaking with the World Bank’s Universal Financial Access 2020 (UFA) initiative to fight the financial exclusion of two billion adults. The goal is to facilitate universal access to basic financial services. With the signing of the undertaking by the new members, the number of organizations participating in the UFA has doubled compared to last year.
Adopem consolidates its presence in rural areas
Adopem has opened a new branch office in Constanza, in the province of La Vega. Its location in the Dominican Republic is an opportunity to extend access to financial services to micro-entrepreneurs and entrepreneurs in the interior of the country. This institution belonging to the BBVA Microfinance Foundation serves over 380,000 people, of whom almost 40% live in remote rural areas.