PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

607754

Primary Business Area

Financial Institutions Group

Disclosure Date

Feb 13, 2024

Country

Bangladesh

Region

South Asia

IFC Approval Date

Feb 15, 2023

Status

Completed

Estimated Total Budget

$300,100.00
(Project budget includes all project-funded activities)

Last Updated Date

Apr 11, 2024

Project Estimated Start Date

Feb 1, 2023

Project Estimated End Date

Sep 30, 2023

Project Description

The project will support Prime Bank in developing a holistic view of its current digital capabilities through a current state diagnostic review of its existing business model and operational processes and procedures. Subsequently, IFC will recommend the bank to develop a cohesive digital transformation strategy for digital transformation its banking operations and services to meet these rising demands and fully catalyze the enabling environment. Digitalization will enable the bank to deliver further growth both internally and externally through customer and product acquisition, reduce cost, as well as unlock underserved customers, including MSMEs and women-owned enterprises.

Development Results

E&S Risks / Impacts and Mitigation