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$325,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Feb 2, 2023
Project Estimated Start Date
Mar 20, 2020
Project Estimated End Date
Jun 30, 2021
Project Description
The Project’s objectives are to align risk management governance of ACLEDA and improve its capital management capabilities in line with Basel 2 standards.
Development Results
(i) Stakeholder impact:
a. Effective risk mitigation: The Project will provide the Bank with an effective risk mitigation tool to sustainably increase balance sheet size and risk exposure
b. Strengthening capital management: The Project will assist the Bank in managing capital levels that consider capitalization requirements imposed by the National Bank of Cambodia (NBC, the regulator).
c. Improved RoE (return on equity): The project will provide a framework for optimized allocation of capital towards higher earning business lines or products on a risk- adjusted basis. This optimal capital allocation dimension will have a positive impact on the overall RoE levels.
(ii) Market-level impact: The Project will contribute towards greater awareness of capital management, Basel 2 implementation and stress testing. ICAAP implementation in ACLEDA will lead the industry practice and set the standard with regards to capital management in Cambodia.
Indicator
Cumulative
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
Initial Disclosure: As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.
Initial Disclosure: IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.
Press-Release
Additional Documents
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