ANZ M-Banking (IFC-600678)

Countries
  • Solomon Islands
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Completed
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
Oct 9, 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
ANZ
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)
$ 1.30 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 @ IFC website

Updated in EWS Feb 15, 2021

Disclosed by Bank Mar 18, 2015


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Project Description

According to bank website, "the project will support the roll-out of ANZ's mobile banking platform to the rural areas of Solomon Islands and Papua New Guinea. This will include piloting the business model, establishing an agent network to support mobile banking transactions, supporting sales and e-channel expansion, and integrating financial literacy training in the customer acquisition process."

Investment Description
  • International Finance Corporation (IFC)
Private Actors
Contact Information

No contact information provided at time of disclosure.

ACCOUNTABILITY MECHANISM OF IFC

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