IFC

IFC

International Finance Corporation (IFC)- Advisory and Technical Assistance project:

IFC MENA is supporting the region’s private sector through a combination of investments and advisory services, helping to create jobs and drive sustainable growth.

In 2013, KIB signed an Advisory and Technical Assistance project with IFC. IFC has invested in KIB with a combination of investments and advisory services championing to create jobs and sustainable growth. 

 

IFC Supported KIB in Yemen with a comprehensive set of capacity building measures, including strategic planning, Product diversification into SME and Housing, Advanced risk management practices, Compliance, Internal Audit, Governance, Human Resources, Information technology, Mobile Money, and Customer Relationship Management.

 

IFC continued to support Microfinance Institutions in building advanced risk management systems to measure, monitor, mitigate and eventually limit their exposure to risk and as part of their program IFC has associated with KIB for providing International best practices advisory in the areas of Risk Management.

 

This has added large value to KIB and the Bank has built capacities in most areas, are in the process of building capacities in the remaining areas, and is a continued ongoing process for improvement as well.

 

You can search on that on: www.ifc.org  , also below are links where AlKuraimi Bank has been cited in the IFC report.

 

http://www.ifc.org/wps/wcm/connect/184f1f80433da8328bd2ef384c61d9f7/Annual+report+6-11-2013.pdf?MOD=AJPERES ( Annual report.

http://www.ifc.org/wps/wcm/connect/ed654260-628c-48b2-9e91-98e59c47cac3/CG_Updates_Newsletter_Oct-Dec2016.pdf?MOD=AJPERES ( New letter-Dec 2016)