Winter 2013 - 2014 Issue
> AWARD WINNER BANCO MERCANTIL SANTA CRUZ: CFI.CO AWARD FOR SUPPORTING SMES IN BOLIVIA
The Bolivian economy is undergoing a period of rapid change and sustainable growth with the country trying to create projects that move it away from commodity dependency. According the Judging Panel, ‘Banco Mercantil Santa Cruz has become one of the key drivers of diversified growth in Bolivia’. The Bank is probably the best in Bolivia and is recognised as such by the major credit rating agencies. The panel,
however, decided specifically to recognise the Bank’s support to SMEs in Bolivia. Through an in depth understanding not only of the financial needs of SME customers but also the value of focused advice and education, BMSC is helping to create real opportunities for existing and new business owners. The work the Bank is doing, along with government measures, is also helping to formalise the economic activities of
Bolivian SMEs. The long term benefits of this formalisation in terms of sustainable economic growth will be key – not only to SMEs as they grow but to the Bolivian Economy as a whole. The panel is delighted to declare Banco Mercantil Santa Cruz as ‘Best SME Bank Bolivia’ for its well thought out approach to ensuring SMEs reach their full potential.
> BAHAMAS PRIVATE BANK WINS CFI.CO FINANCIAL ADVISORY SERVICES AWARD
BSI Overseas (Bahamas) Ltd is a wholly owned subsidiary of one of Switzerland’s oldest banks and part of the giant Generali Group. This traditional private bank sets out to protect and increase client wealth and does so by providing the highest quality financial advisory services.
According to the CFI.co Judging Panel, ‘The importance of implementing a strong corporate governance policy is well understood at BSI where there is a clear and unwavering focus on considering the client’s best interests first. The management philosophy is to provide cost effective advice and stay firmly
on the client’s side at all times’. The Panel has no hesitation in confirming this Bahamas bank for the award ‘Best Financial Advisory Services, Bahamas, 2013’.
> BEST ISLAMIC CORPORATE FINANCE BOUTIQUE, EUROPE AWARD IS ANNOUNCED
Excellencia Investment Management, Luxemburg, established in 2012, is CFI.co’s promising newcomer to the market. This firm focuses on long term investment in private companies according to the principles of Islamic finance. The Judging Panel feels that they
make have discovered a rising star as Excellencia is commencing operations as an Islamic bank in 2014. Management is clear that this bank will be offering products and services for nonMuslims as well as Muslim clients and staffed by professionals recruited in Europe. The judges commented that, ‘The CFI.co | Capital Finance International
management of this new bank can be relied upon as a responsible ambassador for Islamic banking. Their products and services are likely to attract a diverse client base and encourage the development of Islamic banking services in continental Europe’.
Published on Dec 16, 2013