PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

609368

Primary Business Area

Financial Institutions Group

Disclosure Date

Jan 19, 2026

Country

Papua New Guinea

Region

East Asia and the Pacific

IFC Approval Date

Nov 15, 2024

Status

Active

Estimated Total Budget

$200,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Feb 2, 2026

Project Estimated Start Date

Oct 28, 2024

Project Estimated End Date

Jun 30, 2026

Project Description

Credit Bank is looking to consolidate its foundations and evaluate its growth opportunities in the Pacific, particularly the opportunity to grow the MSME financing segment and develop its capabilities as a newly licensed commercial bank. Its long-term aspiration is to become a regional banking group. The project is designed to improve the institutions' reporting and monitoring capabilities, as well as strengthening the Bank’s Corporate Governance and Environmental and Social risk management (ESG).

Development Results

E&S Risks / Impacts and Mitigation