| Financier | Commitments |
|---|---|
| Borrower/Recipient | 50.00 |
| IDA Credit | 150.00 |
Modernization of State-Owned Financial Institutions Project
Abstract*
The development objective of Modernization of State-owned Financial Institutions Project is to contribute to the modernization, transparency, and efficiency of state-owned banks. This project has four components. 1) The first component, Supporting State-Owned Bank (SOB) Business Process Reengineering, will provide consultancy support to the SOBs for a comprehensive Business Process Reengineering (BPR) from internal control and accounting to credit... Show More
Development Objective
The proposed project development objective is to contribute to the modernization, transparency and efficiency of state-owned banks.
Key Details
Project Details
P155363
Closed
Marius Vismantas , Shah Nur Quayyum
PEOPLE'S REPUBLIC OF BANGLADESH
March 15, 2016
(as of board presentation)
June 30, 2016
N/A
US$ 200.00 million
BFID
2016
US$ 150.00 million
C
May 27, 2021
April 11, 2017
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 150.00 |
| IBRD + IDA Commitment | 150.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 200.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Apr 11, 2017 | IDA-58860 | Loan Cancel | 144,944,336.00 |
| Jun 30, 2016 | IDA-58860 | Loan Commitment | 150,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Project Management | Satisfactory | 2016-10-13 |
| Counterpart Funding | Satisfactory | 2016-10-13 |
| Overall Implementation Progress (IP) | Satisfactory | 2016-10-13 |
| Progress towards achievement of PDO | Satisfactory | 2016-10-13 |
| Financial Management | Satisfactory | 2016-10-13 |
| Monitoring and Evaluation | Satisfactory | 2016-10-13 |
| Procurement | Satisfactory | 2016-10-13 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Bank automation CBS Value 2663.00 2663.00 5006.00 Date May 15, 2016 April 6, 2017 December 31, 2021 Comment Bank automation ERP Value 0.00 0.00 5006.00 Date June 5, 2016 April 6, 2017 December 31, 2021 Comment SOB Transparency and Governance Value Partially Compliant Partially Compliant Substantially Compliant Date December 31, 2015 April 6, 2017 December 31, 2021 Comment SOB efficiency Value 60.00 60.00 40.00 Date December 31, 2015 April 6, 2017 December 31, 2020 Comment Bank automation CBS (percentage share) Value 40.00 40.00 90.00 Date May 15, 2016 April 6, 2017 December 31, 2021 Comment Bank automation ERP (percentage share) Value 0.00 0.00 90.00 Date June 5, 2016 April 6, 2017 December 31, 2021 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Return on Assets/Equity Value 0.70 0.70 1.00 Date December 31, 2015 April 6, 2017 December 31, 2021 Comment Automation of SOB transactions Value 30.00 30.00 80.00 Date December 31, 2015 April 6, 2017 December 31, 2021 Comment SOB user/client accounts Value 15000.00 15000.00 20000.00 Date December 31, 2015 April 6, 2017 December 31, 2021 Comment Operating Costs Value 70.00 70.00 50.00 Date December 31, 2015 April 6, 2017 December 31, 2021 Comment Customer satisfaction Value 50.00 50.00 85.00 Date December 31, 2016 April 6, 2017 December 31, 2021 Comment SOB staff trained in CBS and ERP usage Value 0.00 0.00 100.00 Date December 31, 2015 April 6, 2017 December 31, 2021 Comment Formal Supervisory Board appointment criteria and procedures for SOBs adopted Value No No Yes Date December 31, 2015 April 6, 2017 December 31, 2021 Comment Corporate governance and Supervisory Board evaluation guidelines implemented Value No No Yes Date December 31, 2015 April 6, 2017 December 31, 2021 Comment SOBs compliant with MOUs/Performance Agreements with BFID Value Partially Compliant Partially Compliant Substantially Compliant Date December 31, 2015 April 6, 2017 December 31, 2021 Comment Business process reengineering successfully completed Value 0.00 0.00 100.00 Date June 9, 2016 April 6, 2017 December 31, 2021 Comment SOB IT strategic plans adopted Value 0.00 0.00 100.00 Date June 9, 2016 April 6, 2017 December 31, 2021 Comment Percentage of project-supported institutions that are reporting on this indicator Value 100.00 100.00 100.00 Date December 31, 2015 April 6, 2017 December 31, 2021 Comment