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fie

Banco FIE

Website www.bancofie.com.bo Banco Fie
Location Bolivia
Key figures Impact story

Vision

Banco FIE’s vision is to be recognised worldwide as the microfinance institution of the future, where the international financial system promotes global development based not only on economic growth but also on human needs, including distributive justice and environmental protection.

Mission

Banco FIE’s mission is to be the financial institution of choice for micro and small enterprises in Bolivia, based on a solid solvency position and quality services; and to attract investors committed to equitable and inclusive development in Bolivia.

History

FIE was born in 1985 as a non-government organisation. It was a pioneer and a leader in serving the financial demands of sectors of the population in greatest need. Individual credit was introduced with its own technology. It began operating in 1998 as a Private Financial Fund, and in 2010 became a bank. 30 years since then Banco FIE maintains and preserves its philosophy and essence of work by supporting the implementation of economic projects, providing access to financial services with equity, quality and transparency. The bank’s challenge is to progress without neglecting social and responsible behaviour; seeking community impact beyond economics.

Structure

The highest governing body of Banco FIE is its Board of Directors, composed of seven directors and two supervisory trustees – one representing the majority and the other representing minorities. One of its main functions is to define and monitor compliance with the strategic guidelines of environmental, economic and social development. The governance structure of Banco FIE ensures that the Board is independent of the executive management functions. All directors participate in specialised committees that support the Board in its analysis of issues related to oversight.

Board

  • Ximena Behoteguy Terrazas, President
  • Ricardo Villavicencio Núñez, Vice President
  • Capriles Marisol Fernandez, Secretary
  • David Rivas, Director
  • Hector Gallardo, Director
  • Carlos Mejia Rocabado, Director
  • Noelia Romao Derpic Grisi, Director
  • Mery Solares, Director

Market Focus, Products and Services

Banco FIE from its beginning in 1985 as a non-government organisation focused on lending to micro and small enterprises in Bolivia. For most of its financial career this was a core activity. Banco FIE established as a multiple bank in 2014, comprehensively serving all segments of the Bolivian population with quality, timeliness and efficiency. Financial inclusion is part of the organisation’s philosophy. Products and services supporting this commitment include:

  • Comprehensively covering rural and peri-urban areas;
  • Supporting the agricultural production sector;
  • Reinforcing gender equality;
  • Providing access to financing for technical and university education;
  • Offering financial literacy programs;
  • Offering savings and credit products.

Banco FIE has a wide range of credit and savings products, tailored to meet the needs of different segments of the Bolivian population.

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Key figures for Banco FIE

 20142013201220112010
Total Assets12461,165967729521
Total Loans1020913748567409
Total Deposits879807647486358
Total Equity10187766145
Equity/Total Assets8.1%7.4%7.9%8.4%8.7%
BIS 1 Ratio8.3%7.9%7.8%8.1%8.5%
Total Revenue136114947455
Net Income16.612.212.811.58.9
Total Loans/Total Assets81.9%78.4%77.4%77.9%78.5%
Total Deposits/Total Assets70.5%69.3%66.9%66.7%68.6%
Loan Growth**11.1%20.8%31.9%37.2%32.9%
Deposit Growth**8.3%23.5%33.0%34.5%53.4%
Cost/Income Ratio47.1%69.0%65.6%63.3%62.1%
Return on Assets1.39%1.05%1.20%1.36%1.43%
Return on Equity17.8%14.1%15.7%16.7%16.7%
Co-Workers32663,2412,9952,3701,941

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