SIDT’s equity participation in CARD, Inc.

Sparkassen International Development Trust (SIDT) GmbH, a savings banks association based in Berlin Germany signed an agreement with CARD, Inc. on September 28, 2013 to purchase 250,000 shares of stock of CARD SME Bank, Inc. This is equivalent to 5% of the total outstanding capital stock of the latter. SIDT provides its partner institutions with the professional know-how necessary to develop financial services that will reach more poor households and help secure sustainable livelihood while CARD, Inc. is a social development organization founded in December 1986 that provides a range of microfinance services to economically and socially-challenged women and families. This is the first foreign equity participation of CARD SME Bank, Inc. which signifies its adherence to good management standards of world-class quality. Present in the signing were (from left): Ms. Mary Jane A. Perreras, CARD SME Bank, Inc. President and CEO; Mr. Heinrich Haasis, Chairman of the Board of the Savings Banks Foundation for International Cooperation; Dr. Jaime Aristotle B. Alip, Founder and Managing Director of CARD MRI; Mr. Carsten Steffan, Managing Director of Sparkassen International Development Trust GmbH; Ms. Elma Valenzuela, Executive Director of CARD, Inc.; and Ms. Nicole Brand, Project Manager of SBFIC.