Boulder Institute's President presented at the VII International Banking Forum of UBI Banca
The presentation focused on food security issues that will be experienced globally and agricultural solutions to counteract them when the world population reaches 9 billion people.
The President of Boulder Institute, Robert Christen offered a keynote address on the potential for commercial banks to finance agriculture at the International Banking Forum of UBI Banca that was held in Brescia, Italy on June 11th to 12th, 2015.
His presentation addressed the global food needs for 2050; a year in which it is estimated the world population will have increased by more than 3 billion people; and people will consume both a greater quantity and quality of calories as their incomes increase. This provides great opportunity for those banks who are interested in financing agricultural food chains.
As Mr. Christen emphasized, much of the world's food is produced by poor farmers with inadequate investment in agricultural technology. He went on to highlight financing options that can help farmers' access bank accounts and maximize their income, and especially, the emerging uses of technology and access to digital financial services. The end result can be the expansion of digital ecosystems which are increasingly being used by small farmers to reduce their costs.
This was the seventh edition of this bi-annual event that brings together leading international banks with the aim of promoting trade relations between UBI Banca and the international financial world.
UBI Banca is the third largest Italian group of commercial banks in terms of market capitalization, with a market share of more than 5%. UBI Banca is a cooperative group, listed on the Milan Stock Exchange and is included in the FTSE / MIB.
It was established on April 1st, 2007 as a result of the merger between BPU - Banche Popolari Unite and Banca Lombarda e Piemontese, it has a multiregional coverage with 1,560 branches with an international network that is mainly driven by their client's needs.