Original disclosure @ ADB website
Updated in EWS Mar 6, 2023
Disclosed by Bank May 6, 2020
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According to the bank's website, "The investment will be in the form of new equity, and ADB is expected to have an ownership stake of approximately 6%. The shares to be acquired by ADB will be denominated in Australian dollars and listed on the ASX. ADB is expected to provide capacity building TA to help strengthen governance and risk management; implement an environmental and social management system (ESMS); and develop Kina Bank's digital service delivery channels and SME finance business, including women-owned SMEs."
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Financial Institutions Division
Responsible ADB Officer Flegler, Paul Robert
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