ECA Banking RM (IFC-602056)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • Belarus
  • Uzbekistan
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
Active
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.
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)
$ 1.22 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1.22 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 13, 2019

Disclosed by Bank Oct 31, 2018


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Project Description

This project provides financing to support 3 financial institutions in Europe and Central Asia, with a focus on Uzbekistan and Belarus. According to Bank documents, the intended aim is to mitigate the effects of the previous financial crisis, and to improve risk management practices. 

People Affected By This Project

The Program intends to work with 3 financial institutions in to strengthen their internal risk management systems, develop risk based strategies and to assist them in improving their management of NPLs. This will improve partner FI's risk management practices, and in some cases, decrease NPLs contributing to a more sustainable banking system.

The Program will help develop the foundations of the FIs, giving them the tools to become confident that they have better risk mitigants in place to avoid future shocks, and to begin new lending to securely launch further growth.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

No contact information available at time of writing. 

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