PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606612

Primary Business Area

Financial Institutions Group

Disclosure Date

Oct 12, 2023

Country

Sri Lanka

Region

South Asia

IFC Approval Date

Jun 1, 2022

Status

Completed

Estimated Total Budget

$250,000.00
(Project budget includes all project-funded activities)

Last Updated Date

May 22, 2026

Project Estimated Start Date

Jun 23, 2022

Project Estimated End Date

Jun 30, 2024

Client Legal Name

CITIZENS DEVELOPMENT BUSINESS FINANCE PLC

Project Description

The project aims to enhance CDB Finance's resilience to the pressures of the COVID-19 crisis and aim for healthy growth by strengthening the readiness of the client’s bank-wide risk management framework and optimizing its credit risk management capabilities and operations as well as adoption of market best practices. Through an improved operational risk dashboard, credit and liquidity approach, CDB Finance would have enhanced its risk management framework with the aim to minimize operational risk, improve credit quality and efficiency, collection and recovery performance. The client would have also improved its profitability measurement capabilities through implementation of a Fund Transfer Pricing (FTP) framework.

Development Results

E&S Risks / Impacts and Mitigation