PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

602964

Primary Business Area

Financial Institutions Group

Disclosure Date

Nov 14, 2018

Country

Iraq

Region

Middle East

IFC Approval Date

IFC Approval Date Pending

Status

Completed

Estimated Total Budget

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

Last Updated Date

Jul 1, 2022

Project Estimated Start Date

Jan 1, 2018

Project Estimated End Date

Project Estimated End Date Pending

Project Description

IFC is helping Ashur International Bank to strengthen its risk management practices and formulate a strategy for digitization, allowing the Bank to solidify its position and ensure profitable and sustainable growth. IFC will advise the Bank at the board and management levels to ensure that it meets international best practices in risk management and Digital Financial Services. This comes at a time when Central Bank of Iraq has issued governance policy/rules for banks, aiming to align banks to international best practices and Basel II / III recommendations and guidelines.

Development Results

E&S Risks / Impacts and Mitigation