PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

608647

Primary Business Area

Financial Institutions Group

Disclosure Date

Apr 24, 2025

Country

Timor-Leste

Region

East Asia and the Pacific

IFC Approval Date

Apr 29, 2024

Status

Active

Estimated Total Budget

Estimated Total Budget Pending
(Project budget includes all project-funded activities)

Last Updated Date

Apr 29, 2025

Project Estimated Start Date

May 17, 2024

Project Estimated End Date

Feb 28, 2026

Client Legal Name

BANCO NACIONAL DE COMMERCIO DE TIMOR-LESTE

Project Description

IFC aims to increase lending to the underserved MSME sector in Timor-Leste by supporting the institutional transformation of its largest local bank, BNCTL, by increasing its product offering for MSMEs, strengthening its risk management practices, and supporting selected digitalization initiatives. IFC also aims to support the diversification of Timor-Leste’s economy by developing BNCTL’s transaction banking offering to cater to an increasing migrant population contributing to the country’s remittances.

Development Results

E&S Risks / Impacts and Mitigation