About Us old

ADFIAP is the focal point of all development banks and other financial institutions engaged in the financing of development in the Asia-Pacific region. Its mission is to advance sustainable development through its members. Founded in 1976, ADFIAP has currently 87 member-institutions in 36 countries. The Asian Development Bank is a Special Member of the Association. ADFIAP is also a founding member of the World Federation of Development Financing Institutions composed of regional associations in Africa, Asia-Pacific, Latin America and the Middle East. ADFIAP is an NGO in consultative status with the United Nations’ Economic and Social Council. The permanent Secretariat of ADFIAP is based in Makati City, Metro Manila, Philippines.

Statement of Mission

To advance sustainable development by strengthening the development finance function and institutions, enhancing capacity of members and its human resources, and advocating development finance innovations.

Statement of Vision

Through the provision of development finance services by its members, ADFIAP envisions a future of sustainable economic, environmental and social development and growth in the region, with its people as the ultimate beneficiary.

Our P.R.I.M.E. Values

As a membership service organization, we are guided by the following set of beliefs and values – from our day-to-day operations to strategic planning and to the way we relate with and treat our constituency, i.e., members, partners, the development finance community and the public-at large.

  • Professionalism

    We will endeavor to constantly improve on our professional standards. Our Board of Directors, officers and staff will continue to learn new things and hone up their skills for the benefit of our stakeholders.

  • Relationship Building

    We exist because of and for our members. Thus, we will strive to continuously enhance our relationship with them as well as to like-minded institutions so that we will be able to provide products and services that will be of real value to them.

  • Integrity

    We conduct ourselves with utmost honesty, fairness and transparency in everything we do and to everyone we serve and work for. We build trust by adhering to the highest ethical practices.

  • Meaningful Innovation

    We subscribe to the belief that constant dynamism and innovation are tools to continuously improve on what we do and what we strive for – this we do for the service of our members and other stakeholders.

  • Equality

    We value the diversity of our members, their cultures and uniqueness. We will nurture and cultivate this diversity with unity and equality – all for the cause of development for the institutions that they belong and for the constituencies that they serve.


The idea of an association of development bankers had originated in Manila in 1969 at the Fourth Regional Conference of Development Financing Institutions of Asia and the Pacific under the auspices of the Asian Development Bank (ADB). Such an idea further gained substance during the UNIDO Banker’s Meetings which commenced in 1970 in Paris. At the last UNIDO Meeting in Caracas, it was learned that two regional associations, namely the Latin American (ALIDE) and African (AADFI) regional associations, had been formed.

It was also reported in Caracas that similar institutions were contemplated for the Arab countries and for countries in Eastern Europe. The DFIs from the Asian and Pacific region attending the Caracas meeting agreed then that it would be timely to form an Association of Asia-Pacific DFIs.

At the end of the sixth Regional Conference, October 1, 1976, 31 DFIs attending the Conference in Manila under the auspices of ADB jointly signed a Memorandum of Agreement to adopt the Constitution of what came to be known as the Association of Development Financing Institutions in Asia and the Pacific or ADFIAP, and affirmed their interest in becoming members of the Association.


  • Bangladesh Shilpa Bank
  • Bangladesh Shilpa Rin Bank
  • Bank Pembangunan Indonesia
  • Bank Pembangunan Malaysia Berhad
  • China Development Corporation
  • Commonwealth Development Bank of Australia
  • Development Bank of the Philippines
  • Development Bank of Singapore
  • Development Bank of Western Samoa
  • Development Finance Corporation of Ceylon
  • Export Import Bank of Japan
  • Fiji Development Bank
  • Industrial Bank of Japan
  • Industrial Credit and Investment
  • Industrial Development Bank of India
  • Industrial Development Bank of Pakistan
  • Industrial Finance Corporation of India
  • Industrial Finance Corporation of Thailand
  • Industrial and Mining Development Bank of Iran
  • Japan Development Bank
  • Korea Development Bank
  • Korea Development Finance Corporation
  • Malaysian Industrial Development Finance Berhad
  • Medium Industry Bank (Korea)
  • Nepal Industrial Development Corporation
  • National Development Finance Corporation (Pakistan)
  • Overseas Economic Cooperation Fund
  • P.T. Indonesian Development Finance Company
  • P.T. Private Development Finance Company of India
  • Pakistan Industrial Credit and Investment Corporation, Ltd.
  • Private Development Corporation of the Philippines


  • Enrique I. FlorencioSecretary General

    The Secretariat’s role is two-fold: manage the process to achieve the Association’s vision and mission through the Board’s guidance and the staff’s support as well as serve the members’ needs and aspirations. I have the challenging job to lead this role.

  • Sandra C. Honrado Group Head, IDF and Membership

    The Institute of Development Finance (IDF) develops, delivers and constantly improves the Association’s training and credentialing programs. I work closely with the team to plan, organize and implement these course offerings to promote the IDF and enhance its brand.

  • Lorie Cervantes Group Head, Finance & Administration

    The Finance and Administrative Unit’s role is to manage the financial resources and administrative activities of the Association. We relate to the external auditors, banks and government agencies for this purpose.

  • John B. AlianzaGroup Head, Business Development & Marketing


  • Ma. Cristina Arenas IT Head


  • Jasper Glenn S. SanchoFinance Officer


  • Marvin C. GarciaIT Specialist


  • Rem Anthony Laodeño Jr.IT Specialist


  • Regienal M. VillaflorSupport Staff, Finance and Administration




October: ADFIAP Charter signed by 31 DFIs during the Annual Meeting of the Asian Development Bank (ADB) in Manila. The first ADFIAP Management Committee Meeting was also held.


April: ADFIAP became operational after the registration of 15 member-institutions as provided in for the Constitution. Mr. Vicente Jayme was elected ADFIAP Chairman.

September: Mr. Orlando Peña, President of Asia Business Consultants, a PDCP subsidiary, was designated concurrently Executive Officer of ADFIAP. PDCP provided an office space for the ADFIAP Secretariat.

November: At the 4th Management Committee Meeting, the strategic objectives of the Association were set.


January: The first issue of ADFIAP Newsletter was published.

May: The First General Assembly Meeting of the Association was convened in Bangkok, Thailand.

September: The First Curriculum Design Workshop for a course on small-scale lending was conducted in the Manila, Philippines.

November: First full-time ADFIAP regular staff member was appointed – Mr. Roberto J. Manzano, as Information Specialist.


April: The first issue of the Journal of Development Finance (JDF) was published.


May: A Special Conference of the Association was convened in Manila, Philippines to discuss training needs of the Association. The first and second Executive Development Programs (EDP) were convened in Manila and Bombay, respectively.


ADFIAP helped organize the World Federation of DFIs (WFDFI), which was based in Madrid, Spain.


The Autonomous Secretariat was organized with Mr. Orlando P. Peña appointed as Secretary General.

The 1st Forum on Human Resource Management was organized and held in Manila.

April: Mr. Vicente Jayme turned over the ADFIAP Chairmanship to Mr. John W. Fletcher, Chief General Manager of the Commonwealth Development Bank of Australia.


December: Mr. John W. Fletcher turned over the ADFIAP Chairmanship to Mr. S. S. Nadkarni, Chairman of the Industrial Development Bank of India.


The International Trade Centre UNCTAD/WTO (ITC) inked a 4-year technical assistance project with ADFIAP on export finance.


The first issue of the Development Finance Magazine was published.


March: Mr. Octavio B. Peralta was appointed Deputy Secretary General of the Association.

October: The ADFIAP International Headquarters was inaugurated in the presence of the Honorable Jesus P. Estanislao, Philippine Secretary of Finance.


April: Mr S. S. Nadkarni turned over the ADFIAP Chairmanship to Mr. Chang-Dal Kim, President and Representative Director of the Korea Technology Banking Corporation.


ADFIAP was accredited by the United Nations’s Economic and Social Council as an NGO on Consultative Status.


September: ADFIAP assumed the Chair and Secretariat of the World Federation of DFIs.


April: The first issue of the Banking and Finance Digest was published.

December: Mr. Chang-Dal Kim turned over the ADFIAP Chairmanship to Mr. Aswin Kongsiri, President of the Industrial Finance Corporation of Thailand.


September: ADFIAP and Thomson Publishing signed a Memorandum of Agreement for TFS Asia to Publish the Asian Banking Digest.

September: ADFIAP’s private global intranet for electronic banking and commerce or the A-Net was launched in Manila.


January: Signing of A-Net Memorandum of Agreement in the presence of Canadian Prime Minister, Mr. Jean Chretien at the Philippine International Convention Center in Manila, Philippines.

February: The first issue of the Asian Banking Digest was published.

May: the First World Summit on Development Finance was held in Manila, Philippines, in time of the ADFIAP 20th Annual Conference. The ADFIAP Awards were launched.


April: ADFIAP launched its website in the Internet (www.www.adfiap.org)


April: Creation of a members’ client service facility in the Internet called the Smecenter.org (https://www.smecenter.org)

May: Mr. Aswin Kongsiri of the Industrial Finance Corporation of Thailand turned over the ADFIAP Chairmanship to Datuk Mohamad Saleh bin Mohd. Ghazali of the Bank Industri Malaysia Berhad.


May: The Asia Pacific Institute of Development Finance (IDF), ADFIAP’s career development and credentialing center, was launched.

July: ADFIAP partnered with the US-Asia Environmental Partnership (US-AEP) to promote environmental due diligence in Asia.

October: ADFIAP tied up with East-West Electronic Trade Center (EWETC) of the United States to provide the Association’s websites, the www.banktouch.com and the www.smecenter.com, with the International Banking Facility (iTBF).

October: Datuk Mohamad Saleh bin Mohd. Ghazali of Bank Industri & Teknolgi Malaysia Berhad turned over the ADFIAP Chairmanship to Mr. Moksevi R. Prelis of DFCC Bank.


May: The Association honored its chartered signatories with the 20th Century Achievement Awards.
ADFIAP honored the Asian Development Bank for its significant role in the development of Asia and the Pacific in the 20th century and its pivotal role in bringing together banks and financial institutions to ensure that sustainable development continues in the region.

Mr. Moksevi Prelis of the DFCC Bank turned over chairmanship of the Association to Mr. Isoa Kaloumaira of the Fiji Development Bank.


May: The ADFIAP Awards was launched to recognize outstanding people and institutional achievements in development.

July: ADFIAP and Capacity Building International Germany (InWEnt) held the first Financing for Lasting Development Seminar in Manila.

ADFIAP invited to the APEC Experts meeting in Hong Kong.

October: ADFIAP and the Center for International Private Enterprise (CIPE) launched the “DFIs for Corporate Governance” Project.

October: ADFIAP celebrated its 25th Year Anniversary.


January: Mr. Anothai Techamontrikul of the Industrial Finance Corporation of Thailand assumed the Chairmanship from Mr. Isoa.

October: ADFIAP speaks at the 3rd Global Roundtable on the Environment sponsored by the United Nations Environment Programme’s Finance Initiatives.


May: Ambassador Jesus P. Tambunting, Chairman & CEO of Planters Development Bank, assumes as ADFIAP Chairman after Mr. Anothai.

May: ADFIAP drafts new mission statement during an auspicious Board retreat in Almaty, Kazakhstan.


January: Mr. Octavio B. Peralta assumes the post of Secretary General succeeding Mr. Orlando P. Peña who served ADFIAP for 28 years.

August: ADFIAP received a grant of €346,446 from the European Union’s Asia Environment Governance Standard (EGS) Projects.

September: Small and Medium Enterprises Finance Initiative (SME FI) launch.

November: ADFIAP’s first 5-Year Strategic Plan with the theme, “ADFIAP: Focused and Prepared to Lead” was approved by the Board.


February: ADFIAP and UK’s Community Development Finance Association sign Memorandum of Cooperation.

May: ADFIAP Unveils new logo, new branding strategy; Members crafts Colombo Consensus during its 29th Annual Meetings in the Sri Lankan capital hosted by the DFCC Bank.

July: CIPE provides 4th grant to ADFIAP on linking good governance with sustainable development


May: ADFIAP celebrates 30th Year Anniversary of existence; Members presents the Hanoi Consensus during the 30th Annual Meetings in the Vietnamese capital hosted by the Bank for Investment and Development of Vietnam.

June: ADFIAP invited to join the UN Marrakech Process advisory group on cooperation dialogue.

July: CIPE gives 5th grant to ADFIAP on improving risk management and financial disclosure under a good governance framework.

November: Mr. Isidro A. Sobrecarey joins ADFIAP as Deputy Secretary General.

December: ADFIAP’s membership hits all-time high of 87 members in 37 countries.


May: Mr. Fuimaono Falefa Lima, General Manager of the Development Bank of Samoa, assumes as ADFIAP Chairman after Ambassador Jesus P. Tambunting.

August: ADFIAP wins two “Associations Make a Better World Award” from the 24,000 member American Society of Association Executives & the Center for Association Leadership for its corporate and environmental governance projects.

December: ADFIAP membership reaches an all-time high of 100 institutions in 40 countries and territories.


April: ADFIAP publishes first ever integrated annual and sustainability report using the Global Reporting Initiative (GRI) guidelines.

April:ADFIAP Consulting, the Association’s consultancy and advisory service unit, was formally launched.

May: ADFIAP’s second 5-Year Strategic Plan with the theme, “ADFIAP as Community: Inclusive, Involved, Innovative” was approved by the Board.


February: New resource-rich ADFIAP website has been upped online.

May: Mr. Nihal Fonseka, General Manager & CEO of DFCC Bank assumes as ADFIAP Chairman after Mr. Fuimaono Falefa Lima.

May: ADFIAP launches toolkit on performance measurement of DFIs.

August: ADFIAP becomes one of business advisory organizations of the Asia-Pacific Economic Cooperation (APEC).

October: ADFIAP, as WFDFI Secretariat, revives after 10 years, the CEO Policy Seminar for Development Banks during the World Bank/IMF Annual Meetings.

November: ADFIAP signs cooperation pact with the Asian Bankers Association, the largest regional commercial banking group.

December: ADFIAP is featured by a top European magazine for Associations.

December: ADFIAP and the Association for Sustainable and Responsible Investment in Asia (ASRIA), the largest association of investors in the region, sign a cooperation agreement.

December: ADFIAP membership peaks at 120 members in 43 countries and territories, an all-time high.


April: ADFIAP financial assets reach US$ 1 million mark


May: ADFIAP launches A-NEX or the ADFIAP Networking, Education and Exchange online platform
October: ADFIAP and the Australian APEC Study Centre at the Royal Melbourne Institute of Technology sign cooperation pact at the Institute’s campus.
November: ADFIAP and the Association of African Development Finance Institutions hold first joint CEO Forum in Johannesburg, South Africa.
November: ADFIAP and the Southern African Development Community-Development Finance Network sign cooperation agreement in Johannesburg.


May: ADFIAP joins the United Nations Economic and Social Commission for Asia-Pacific Business Advisory Council.
November: ADFIAP is included among 84 pioneers worldwide on the Global Reporting Initiatives’s (GRI) G4 program.


March: ADFIAP and the Columbus, Ohio-based Council of Development Finance Agencies (CDFA) sign a partnership agreement for the launch of the US-Asia Pacific Development Finance Exchange program.
May: ADFIAP launches its ‘ADVANCE’ magazine, a specialist publication on sustainable development finance.
June: ADFIAP and its German partners – the European Organization for Sustainable Development, the Fraunhofer Institute of Chemical Technology and the City of Karlsruhe – launch the Global Sustainability Center.
August: ADFIAP and the Auckland-based Pacific Islands Trade and Invest sign a memorandum of cooperation at the ADFIAP headquarters.


March: ADFIAP and the Columbus, Ohio-based Council of Development Finance Agencies (CDFA) sign a partnership    agreement for the launch of the US-Asia Pacific Development Finance Exchange program.

May: ADFIAP launches its ‘ADVANCE’ magazine, a specialist publication on sustainable development finance.
Mr. Pema Tshering, Managing Director, Bhutan Development Bank Ltd. is elected as new ADFIAP Chairman at the 81st Board Meeting in Nha Trang, Vietnam, succeeding Datuk Wan Azhar Wan Ahmad who has ended his term as President & CEO of the Credit Guarantee Corporation (CGC) Malaysia Berhad. Two Vice-Chairmen were also elected by the Board namely, Mr. Arjun Rishya Fernando, CEO of the DFCC Bank Sri Lanka and Mr. Mr. Nguyen Chi Trang, Deputy General Director, Vietnam Development Bank.

June: ADFIAP and its German partners – the European Organization for Sustainable Development, the Fraunhofer Institute of Chemical Technology and the City of Karlsruhe – launch the Global Sustainability Center.

August:  ADFIAP and the Auckland-based Pacific Islands Trade and Invest sign a memorandum of cooperation at the  ADFIAP headquarters.
ADFIAP gets new organizational stakeholder (OS) mark from Global Reporting Initiative (GRI).

October: The World Federation of Development Finance Institutions (WFDFI) has designated ADFIAP as its Secretariat starting in January 2016. It is the second time since 2010 that ADFIAP has been appointed as WFDFI Secretariat. Consequently, ADFIAP Secretary General, Octavio B. Peralta, has been named as WFDFI Secretary General also for the second time in five years.


January: ADFIAP launches the ADFIAP-Renewables Academy (Germany) “Green Banking Project,” a capacity-building programme on green energy and climate finance.

February: – ADFIAP wins the Asia Best Sustainability Report (SME category) from the Asia Sustainability Reporting Awards (ASRA) for its 2015 Sustainability Report themed. “Creating Stronger Communities.”
ADFIAP launches the EU-funded “Asia Cleantech MSME Financing Network (ACMFN)” project in New Delhi,  India.

May: Mr. Arjun Fernando, CEO of DFCC Bank (Sri Lanka) is elected as new ADFIAP Chairman at the 83rd Board Meeting in , Apia, Samoa succeeding Mr. Pema Tshering who has ended his term as Managing Director of Bhutan Development Bank Ltd.

November: ADFIAP receives finalist certificate from the Asia Sustainability Reporting Awards (ASRA) for its Sustainability Report 2016 themed, “@the Forefront of Sustainability.”


April: ADFIAP past Chairman, Ambassador Jesus P. Tambunting, gets honorary OBE (Officer of the Order of the British Empire) Award from Queen Elizabeth.

August: ADFIAP launches the ADFIAP Global Internship and Leadership (AGILE) Program.

September: ADFIAP speaks at the 1st Global Symposium on DFIs in Kuala Lumpur organized by the World Bank and the Central Bank of Malaysia (Bank Negara Malaysia).

October: Mr. Shivjee Roy Yadav, General Manager & CEO of NIDC Development Bank (Nepal) is elected as new ADFIAP Chairman at the 86th  Board Meeting in Kuala Lumpur, Malaysia succeeding Mr. Arjun Fernando who has ended his term as CEO of DFCC Bank (Sri Lanka).


August: The ADFIAP Finance and Investment Center (AFIC), the third service arm of the Association whose mandate is to develop and promote business cooperation opportunities among members, starts its work in earnest.

October: Mr. Phub Dorji, CEO of Bhutan Development Bank Limited (BDBL), is elected as new ADFIAP Chairman at the 88th Board Meeting in Kyrenia, North Cyprus succeeding Mr. Shivjee Roy Yadav who has ended his term as General Manager & CEO of NIDC Development Bank (Nepal).

November: ADFIAP attends the 1st Council Meeting of the Sustainability Standards and Certification Initiative (SSCI), a pioneering project to develop and promote sustainability principles and practices in DFIs in the Industrial Revolution 4.0 setting. The SSCI is a joint project of ADFIAP, the African Association of DFIs, the European Organization for Sustainable Development (EOSD) and the City of Karlsruhe, Germany.


July: – ADFIAP and Toronto-based Convergence, a global network for blended finance, sign a memorandum of understanding (MoU) to develop, promote and implement programs and activities on blended finance.

ADFIAP, the African Association of DFIs, the European Organization for Sustainable Development (EOSD) and the City of Karlsruhe, Germany signs the Karlsruhe Declaration on “DFI 4.0” ushering the development and implementation of programs and activities for DFIs to be efficient and sustainably-sound financial institutions.

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