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Industry Department - Financial Institutions Group
Disclosure Date
Oct 14, 2014
Country
Nigeria
Region
Africa
IFC Approval Date
Jul 18, 2014
Status
Completed
Estimated Total Budget
$500,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Jul 2, 2017
Project Estimated End Date
Oct 31, 2015
Project Description
The project will assist Skye Bank in improving its small and medium enterprise (SME) banking operations, products and services, and improving its staff capacity through the following activities:
a) Review and update of the bank's SME strategy, business
model, market segmentation and products
b) Review and update of credit management processes and policy
c) Training of staff
Development Results
The project is expected to increase access to finance for the small and medium enterprise sector in Nigeria by enhancing Skye Banks capacity to serve the sector by developing appropriate procedures and products and training staff.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of participants in workshops, training events, seminars, conferences, etc.
Not Available
89
Number of entities receiving advisory services
Not Available
1
Number of participants providing feedback on satisfaction
Not Available
78
Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc.
Not Available
75
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
Not Available
29
Number of workshops, training events, seminars, conferences, etc.
Not Available
5
Value of financing facilitated (US$)
Not Available
Not Available
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
Initial Disclosure: As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards and will provide
recommendations for appropriate mitigation measures whenever warranted.
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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