PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606547

Primary Business Area

Financial Institutions Group

Disclosure Date

Dec 9, 2024

Country

Nigeria

Region

Africa

IFC Approval Date

Sep 9, 2021

Status

Completed

Estimated Total Budget

$120,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 5, 2025

Project Estimated Start Date

Sep 1, 2021

Project Estimated End Date

Aug 16, 2024

Project Description

The project will assist Standard Charted Bank Nigeria in scaling up of its SME lending activities through de-risking and increasing its appetite for SME finance. It will provide training to enable the Bank to meet the RSF quarterly and annual reporting requirements and provide operational support to assist Standard Charted Bank Nigeria to integrate the risk mitigation product into its systems and procedures for immediate execution.

Development Results

E&S Risks / Impacts and Mitigation