PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

602467

Primary Business Area

Financial Institutions Group

Disclosure Date

Nov 13, 2018

Country

Kenya

Region

Africa

IFC Approval Date

Oct 12, 2017

Status

Completed

Estimated Total Budget

Estimated Budget Pending
(Project budget includes all project-funded activities)

Last Updated Date

Apr 14, 2024

Project Estimated Start Date

Nov 1, 2017

Project Estimated End Date

Jun 30, 2019

Project Description

Following the IFC Digital Bank Diagnostic (June 2017), and as a result of changes in the financial services landscape in Kenya, Co-operative Bank has taken the strategic decision to become a digital bank. This is a transformation journey that will have impact on the bank’s technology, operations and culture. It is also a long-term initiative, and as a long-term strategic partner and investor, IFC is well-placed to provide hands-on technical assistance to the bank.

Development Results

E&S Risks / Impacts and Mitigation