Title:Assessment of Shirak Investment Bank
Budget:26,110 EUR
Country:Armenia
Dates: July, 1999 - June, 2000
Partner: None
Funding:DFID

Shirak Investment Bank (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 with the following objectives. To review the financial strength of the Bank and evaluate the effect on it if it was selected to participate in the World Bank credit line. Evaluate a range of services currently offered by the Bank, availability of services from competing banks, and cost of services and the 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.