Role of state-owned banks in financial inclusion explored at conference in Shanghai
BRUSSELS, 13 August 2014 – WSBI facilitated a session dedicated to "the Role of State-owned Banks in Financial Inclusion" on the occasion of the Asia Microfinance Forum on 4-8 August 2014 in Shanghai (China). The event gathered some 450 participants from 35 countries.
Moderated by WSBI Deputy Director Fiona Joyce, the panel session sought to address three key questions regularly raised about the role of state banks in improving world financial inclusion:
• How will state-owned banks (SOBs) work with other institutions that seek to provide financial services to the poor, including microfinance institutions? Should they focus their efforts on markets that these microfinance institutions are currently unable to reach?
• How should SOBs use new technology to reduce their costs and to innovate in the financial sector? How will new systems such as mobile money and Post Office devices help them expand financial inclusion while keeping costs down?
• How can these SOBs help provide the poor with useful financial services, while maintaining commercial viability and diminishing the quantity of public subsidies they absorb?
These questions were addressed in case studies presented by three WSBI members: Ms. Puan Nilammasri Ja'afar, Senior Vice President & Head of Microfinance at Bank Simpanan Nasional Malaysia, Mr D.V Deshpande, Chief General Manager at National Bank for Agriculture and Rural Development (NABARD) India, and Mr Shao Zhibao Vice President, Postal Savings Bank of China (PSBC).
Note: Presentations can be retrieved by clicking on each panelist name.