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$600,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Apr 8, 2025
Project Estimated Start Date
Dec 15, 2023
Project Estimated End Date
Jun 30, 2026
Client Legal Name
EASTERN BANK PLC
Project Description
The project will support EBL in strengthening bank-wide risk management practices with focus on risk governance, operational risk, credit risk, ALM and capital planning.
Development Results
The project will support EBL to enhance EBL’s resilience to overcome financial sectoral and macroeconomic challenges and aim for healthy growth by strengthening bank-wide risk management practices.
Indicator
Cumulative
Number of entities receiving in-depth advisory services
1
Number of participants in workshops, training events, seminars, conferences, etc.
19
Number of workshops, training events, seminars, conferences, etc.
2
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated
null
Number of risk management procedures/firm policies/practices/standards proposed for improvement or elimination (for Risk Management)
null
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
As mandated by IFC's Sustainability Policy, the team has assessed the project's consistency with IFC Performance Standards using principles of Performance Standard 1 and no significant potential Environmental or Social risks were identified.
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
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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