📋 Tender Overview
Project Number
608647
Primary Business Area
Financial Institutions Group
Disclosure Date
Apr 25, 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
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.
