PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

601008

Primary Business Area

Financial Institutions Group

Disclosure Date

Nov 15, 2016

Country

Algeria

Region

Africa

IFC Approval Date

Dec 14, 2015

Status

Completed

Estimated Total Budget

$1,200,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Feb 2, 2023

Project Estimated End Date

Jun 30, 2017

Project Description

IFC will support CPA, one of the largest bank in Algeria, to strengthen its Small and Medium Enterprise (SME) business allowing the bank to solidify its position as a market leader.

IFC will advise the bank at the board and management levels to ensure that it meets international best practices in SME business as the bank is preparing to grow its SME portfolio. The partnership is also designed to allow the bank to expand lending to SMEs, thus helping Algerian enterprises to grow and create jobs.

Development Results

E&S Risks / Impacts and Mitigation