Expansion of Financial Services (ADB-47002-001)

Countries
  • Timor-Leste
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 20, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Democratic Republic of Timor-Leste, Banco Nacional de Comércio de Timor-Leste
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.04 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 19, 2017

Disclosed by Bank Mar 30, 2017


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
According to ADB website, the CDTA will support the commercial transformation of Banco Nacional de Comércio de Timor-Leste (BNCTL) through: 1. Support to the implementation of BNCTL's strategic and business plan 2. Design and delivery of products (credit, savings, payments, trade finance) that are suited to the Timorese context and that are currently not available for a large part of the population 3. The introduction of technologies that improve efficiency 4. Building staff capacity and support for the commercial transformation of the institution to underpin commercial objectives and attract strategic investors. The TA is aligned with the country partnership strategy (2011 2015) in that it helps to achieve economic growth and sharing of economic opportunities across the population. According to ADB documents, the safeguard categorization is not applicable.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Warid, Liliana Sera Pacific Department No contact information provided at the time of disclosure ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main