Muscat, Oman — April 24, 2025—The ADFIAP Awards 2025 proudly concluded its esteemed ceremony on the evening of April 24. It served as the shining highlight of the two-day conference in conjunction with the 48th ADFIAP Annual Meetings in Muscat, Oman. The awards ceremony celebrated outstanding achievements in development finance, recognizing exemplary projects and remarkable individual contributions from member institutions across Asia and the Pacific.
Celebrating Excellence in Development Finance
The ADFIAP Awards 2025 honored innovative projects that have significantly promoted financial inclusion, sustainable development, and regional economic resilience. Additionally, individual achievements were acknowledged for their leadership, dedication, and contributions to advancing development banking in their communities.
Recognizing Outstanding Projects and Leaders
The awards ceremony highlighted the remarkable efforts of member organizations and professionals who have demonstrated excellence in addressing development challenges through innovative solutions. Their work exemplifies ADFIAP’s mission to foster sustainable economic growth and inclusive development in the region.
List of Awardees
Please see the list of awardees below:
DISTINGUISHED PERSON AWARD
- Mohd Zamree Mohd Ishak, President & Chief Executive Officer – Credit Guarantee Corporation (CGC)
OUTSTANDING CEO OF THE YEAR
- Nikolai Podguzov, Chairman of the Management Board-Eurasian, Eurasian Development Bank
CATEGORY 1: HUMAN CAPITAL DEVELOPMENT
Winner:
- Credit Guarantee Corporation (CGC) Malaysia Berhad – The Leadership Development Programme (LDP)
Merits:
- SME Bank Malaysia Berhad – SME BANK Graduate Talent Programme (“GTP”)
- State Development Corporation «VEB.RF» – Pilot Program of Social Impact Projects
- DFCC Bank PLC– OMMM Committee Initiatives
CATEGORY 2: ENVIRONMENTAL DEVELOPMENT
Winners:
- Development Bank of Mongolia – Ulaanbaatar Green Affordable Housing and Resilient Urban Renewal Sector Project
- Export-Import Bank of India – Sustainable Finance Programme
Merit Awards:
- China Development Bank – China Guangdong Nuclear Power Corporation (CGNPC) New Energy ESG project
- PT Sarana Multi Infrastructure (Persero) – Empowering Sustainability: The Tembesi Floating Photovoltaic Power Project – A Model for Clean Energy, Environmental Stewardship, and Economic Growth
- SME Bank Malaysia Berhad – SME Bank Sustainability Journey
CATEGORY 3: SME DEVELOPMENT
Winners:
- Bank Simpanan Nasional – Collaboration and MOU with Mesin Kira
- SME Bank Malaysia Berhad – SME Bank Sandbox Swiss Innovation Challenge 2024
Merit Awards:
- Credit Guarantee Corporation (CGC) Malaysia Berhad – Portfolio Guarantee (PG) Business Credit Card
- Export Development Bank of Iran – Dehrang Paket Mandegar Company
- Bank of Industry and Mine- Lend-Tech Platform-Empowering Small Businesses
CATEGORY 4: INFRASTRUCTURE DEVELOPMENT
Winners:
- Development Bank of Kazakhstan – Rehabilitation of public roads of national significance
- National Bank for Agriculture and Rural Development – Rural Infrastructure Development Fund (RIDF)
Merit Awards:
- Eurasian Development Bank – Research Programme on Water and Energy Complex in Central Asia
- Land Bank of the Philippines – H2OPE – Water Program for Everyone
- DS Finance Corporation– DS Global Corporate Center
- National Housing Bank, India- Urban Infrastructure Development Fund (UIDF)
CATEGORY 5: TECHNOLOGY DEVELOPMENT
Winners:
- Small Business Corporation (SBCorp) – Expected Credit Loss Model
- SME Bank Malaysia Berhad – Enterprise Lifecycle Scoring Assessment (“ELSA”)
Merit Awards:
- Development Bank of Japan Inc. (DBJ) – Investment in Qolab.inc
- Eurasian Development Bank, Fund for Digital Initiatives – ATTILAN
- Pag-IBIG Fund (Home Development Mutual Fund)– Pag-IBIG Fund Online Public Auction (OPA): Affordable Homes Now Sold Online
CATEGORY 6: TRADE DEVELOPMENT
Winner:
- PT Sarana Multi Infrastructure (Persero) – A Groundbreaking Strategic Partnership Between Indonesia and Canada to Support Infrastructure and Energy Transition in Indonesia
Merit:
- Agricultural and Rural Development Bank (ARDB) – Special Vehicle for Strategic Agriculture Commodities Financing Program – Government Intervention
CATEGORY 7: LOCAL ECONOMIC DEVELOPMENT
Winners:
- PT Sarana Multi Infrastructure (Persero) – Empowering Cultural Tourism Villages with Bangun Dusun Unggul (BDU) Program
- Development Bank of Japan Inc. (DBJ)– Investment in Aikawa Kurumaza Co., Ltd.
- Fiji Development Bank (FDB) – The Fiji Development Bank Leveraging its Financial Instruments through stakeholder collaboration
Merit Awards:
- State Development Corporation «VEB.RF» – “Hospitable Cities” Educational Programme
- New Rural Bank of San Leonardo, Inc.- “Bundled Financial Solutions in favor of Small-Scale Rice Farmers for Climate-risk Adaptation”
- Alalay Sa Kaunlaran Microfinance Social Development Inc.- Empowering Women and Youth-led Microenterprises through Microentrepreneurship and Green Energy Adoption
CATEGORY 8: FINANCIAL INCLUSION
Winners:
- Bank Pertanian Malaysia Berhad (AGROBANK) – Structured Community Development Programme
- National Bank for Agriculture and Rural Development – Financial Support to rural cooperative banks for deploying micro-ATMs at Cooperative Milk Societies and other cooperative societies
Merit Awards:
- Development Bank of the Philippines – AGRI-PUHUNAN AT PANTAWIDPROGRAM (APPP)
- Perbadanan Usahawan Nasional Berhad – Jom Jadi Perantis PUNB (JumPER)
- Land Bank of the Philippines – AGRISENSO Plus and ASCEND
CATEGORY 9: CORPORATE GOVERNANCE
Winners:
- Development Bank – Year of Governance
- International Bank for Economic Co-operation – IBEС Sustainability Assessment Framework
Merit Awards:
- Bank Simpanan Nasional – Sustainability Framework
- TEKUN Nasional – Certification of Iso 22301:2019 Business Continuity Management System (BCMS ) TEKUN Nasional
- Philippine Guarantee Corporation– PhilGuarantee’s Sustainable Strategic Direction
CATEGORY 10: CORPORATE SOCIAL RESPONSIBILITY
Winners:
- IPDC Finance PLC. – Child Marriage Prevention Loan (CMPL)
- Sabah Credit Corporation – Rural Hostel for Kuala Salong Primary School, Nabawan, Sabah
Merits:
- Development Bank of the Philippines – Sustaining Peace Through Environmental Protection and Preservation: Mindanao State University (MSU)-Buug Forest Project
- PT Sarana Multi Infrastruktur (Persero) – Rebuilding the Reef: Restoring Coral and Empowering Communities in Misool
- Development Bank – Karwa Project
- Bank of Industry and Mine– Establishment of a Specialized Hemodialysis Center in Sistan and Baluchistan
BEST SUSTAINABILITY REPORT
Winner:
- Bank Simpanan Nasional – Upholding Aspirations, Across Generations
BEST WEBSITE
Winner:
- PT Sarana Multi Infrustruktur
First Payor 2025
Winner:
- National Bank for Agriculture and Rural Development
A Celebration of Impact and Inspiration
The awards ceremony recognizes excellence and inspires ongoing innovation and collaboration among members. As the region faces evolving development challenges, the outstanding projects and leaders celebrated at the ADFIAP Awards 2025 are models of best practices and catalysts for future initiatives.
Looking Ahead
The success of the ADFIAP Awards 2025 reinforces the organization’s commitment to recognizing and promoting excellence in development finance. As the region progresses towards sustainable and inclusive growth, these outstanding contributions will continue to motivate and guide the sector.