Project Description
The overall goal of this project is to work closely with Al Kuraimi Islamic Bank (KIB) - one of the most innovative and promising banks in Yemen - to develop its capacity as a commercial bank and improve its product offering. Specifically, the project will involve Advisory support to help the bank: 1. scale up its financing portfolio and diversify products (largely put on hold during the conflict); 2. Introduce advanced Risk and ALM practices by refining and update existing treasury management policies and practices; 3. Build a new corporate banking structure, strategy and product suite (e.g. financing, transactional business, fee-based products, etc.) and respective policies; 4. Review earlier developed digital transformation roadmap and provide support in key areas such as data analytics, credit scoring and technology; and, 5. Build and grow the nascent m-Floos e-wallet platform as a channel and service capable of reaching more of the last mile customers in Yemen; 6. Install good corporate governance practices in line with Basel CG to maintain the sound and proper functioning of the bank. The project builds on previous Advisory work done with KIB.