PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606450

Primary Business Area

Financial Institutions Group

Disclosure Date

Jan 17, 2023

Country

Bangladesh

Region

South Asia

IFC Approval Date

Aug 10, 2021

Status

Completed

Estimated Total Budget

$1,713,406.00
(Project budget includes all project-funded activities)

Last Updated Date

Jul 2, 2024

Project Estimated Start Date

Aug 1, 2021

Project Estimated End Date

Dec 31, 2023

Project Description

The project will assist City Bank Limited to enhance its competitiveness in the current market in newer innovative areas of business model, identify new revenue streams and strengthen its operational and analytical capabilities for better risk and operational management. With the 9% interest rate cap and the economic effect of COVID-19, banks are looking at innovative solutions, business models, and efficiencies to strengthen their capital and use of it.

Development Results

E&S Risks / Impacts and Mitigation