Assessment and Valuation of Tajprombank |
Corporate Solutions was awarded a contract to conduct a detailed assessment of a bank in Tajikistan as a potential candidate for receiving equity investment from the EBRD. The assessment included a detailed analysis of the bank's history, shareholding structure, credit procedures and loan portfolio, and financial performance. We also produced the Bank's IFRS financial statements and assisted Price Waterhouse with the first IFRS audit of the Bank. Since 2000 Corporate Solutions has been retained by the Tajprombank to assist the Bank with improving its operational procedures and systems to support a significantly enlarged operation. The Bank is now one of the largest private banks in Tajikistan and operates 12 branches and is negotiating with the EBRD to participate in a Micro-Lending and Trade Facilitation programme. Corporate Solutions continues to act as an advisor to the Bank and is also a minority shareholder. |