PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

600999

Primary Business Area

Financial Institutions Group

Disclosure Date

Jan 9, 2017

Country

Myanmar

Region

East Asia and the Pacific

IFC Approval Date

Feb 4, 2016

Status

Completed

Estimated Total Budget

$1,000,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Mar 8, 2022

Project Estimated Start Date

Apr 1, 2016

Project Estimated End Date

Mar 31, 2018

Project Description

IFC will support the Myanmar Oriental Bank on two main aspects:

1. Institution Building and Risk Management: Clear and streamlined operations related to core functions of the bank including credit risk, finance and treasury, trade and international operations, human resources, and information technology.

2. SME Banking: Development and implementation of an expanded SME portfolio, related new products and portfolio. The project expects to support growth and expand reach, and ultimately contribute to the development of the nascent banking sector in Myanmar.

Development Results

E&S Risks / Impacts and Mitigation