GABV Welcomes its 40th Member - The First Microfinance Bank Tajikistan, Committed to #bankingonvalues

ZEIST, The Netherlands, April 13, 2017 /PRNewswire/ --

The Global Alliance for Banking on Values (GABV), a network of the world's leading values-based banks, in the last quarter welcomed its 40th member - The First Microfinance Bank Tajikistan. This marks a milestone in membership increase making the Global Alliance bigger as ever. The Global Alliance comprises 40 members and seven partners coming from all around the world. We are continuing our work and a shared mission to use finance to deliver sustainable economic, social and environmental development, with a focus on helping individuals fulfil their potential and build stronger communities.

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The newest member, The First Microfinance Bank Tajikistan (http://www.fmfb.com.tj/en ) strives to contribute to the economic development of the country and to the improvement of the quality of life of people in Tajikistan by providing access to finance and banking services. The Bank wants to be recognized as Tajikistan's most trusted bank, operating to international standards of ethics, prudence and customer service, through the reliable delivery of high-quality banking services in all regions of Tajikistan to its customers.

Mr. Yenten Lama, CEO of the First Microfinance Bank Tajikistan on joining the GABV stated: "We are enthused to join the GABV family and access the network of peers and colleagues from the Alliance. This will be very valuable for cross learning and paving the way to operate at international standards. Participation in the GABV meetings and collaborating with other members will provide insights into different working models, help in sharing of knowledge resources and building staff capacity." 

Dr Marcos Eguiguren, Executive Director, GABV on achieving the milestone and welcoming the newest member said: 'I am proud and honoured to have supported the GABV in achieving this milestone and welcoming the newest member to our family of likeminded financial institutions. As the Global Alliance is growing, we must continue to learn from and support each other and to be more proactive in fulfilling our goals of advancing positive change in the banking sector. Each member brings a unique perspective and expertise on how to use finance to create positive economic, social and environmental impact for the individuals, organisations and communities they serve. We are proud to be the link between our members and partners, working to change finance to finance change. Only together we will be able to deliver on our mission to put banking back in service of people, the economy and the environment.'

The Global Alliance will continue to work on expanding its reach to new countries, supporting new members and actively promoting banking on values and the #BankingOnValues movement.

About the GABV 

The Global Alliance for Banking on Values is a not-for-profit organisation and independent network of banks and banking cooperatives with a shared mission to use finance to deliver sustainable economic, social and environmental development. Founded in 2009, the GABV comprises 40 financial institutions and seven strategic partners operating in countries across Asia, Africa, Australia, Latin America, North America and Europe. Collectively we serve more than 24 million customers, hold up to $110 billion USD of combined assets under management, and we are supported by more than 42,000 co-workers. Learn more about the GABV and how we're working to build a growing, global, values-based banking movement.

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SOURCE Global Alliance for Banking on Values (GABV)