Assessment of Shirak Investment Bank |
Shirak Investment Bank was being considered by the World Bank as a participant in a credit line programme in Armenia . Corporate Solutions was awarded a contract to conduct a full assessment of Shirak Investment Bank. It included revision of financial strength of the Bank and evaluation of the effect on it if it was selected to participate in the World Bank credit line. We evaluated a range of services offered by the Bank, availability of services from competing banks, and cost of services and demand for credit from the local business community. We also made an assessment of the Bank's institutional development needs and defined the nature of technical assistance it would require if it were awarded a credit line. |