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According to the Bank’s website, this project focuses on CC’s PNG finance company, Credit Corporation Finance PNG Ltd. (CCF PNG). The scope of the project is to assist CCF PNG enhance its credit risk management foundations through the following project modules. Note the respective modules may be conducted in parallel and not sequentially.
1. Baselining of current practices to inform implementation
2. Improve problem loan management practices by developing recommendations and providing capacity building
3. Development, deployment and management of new score card to be used to originate SLGP portfolio
4. Introducing model risk governance and management
Estimated Total Budget: $1,054,996.00 (Project budget includes all project-funded activities)
Credit Corporation is listed in PNG and its shareholders largely consist of PNG-based institutional investors. Nambawan and Nasfund, two of the PNG’s largest superannuation funds and leading investors in the Pacific, are the largest shareholders, holding approximately 20% stake each.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | CREDIT CORPORATION (PNG) LIMITED | Client | - |
No contacts available at the time of disclosure.
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