Home
Projects Project Data Sheet
| Borrower/Equity Investment Name | ASIATRUST DEVELOPMENT BANK, INC. | |
| Country | Philippines | |
| Project Number | 21701-01 | |
| Approval Number | 7064 | |
| Type of ADB Assistance / Amount |
|
|
| Responsible ADB Department | Private Sector Operations Department | |
| Responsible ADB Division | Capital Markets and Financial Sectors Division | |
| Responsible ADB Officer | Michael Lim M. H. | |
| Project Sponsor(s) |
Rodriguez and Garcia families
|
|
| Description | ATB needs to expand its capital by Php30m not only to sustain its current level of operations but also to diversify its banking services to small and medium enterprises including cooperatives and small farmers in the CALABAR region and other countryside areas. | |
| Objectives and Scope | The equity investment of the Bank provides a sound capital base not only on the proposed expansion of ATB's resources, operations and geographic reach, but also its ability to contribute to the national objective of promoting SMEs and stimulating countryside development. Half of the additional capital is used to expand its branch network in the CALABAR area and the other half for improvement of services to its clientele through computerization . | |
Safeguard Categories
|
||
| Environment | A | |
| Timetable for assistance design, processing and implementation | ||
|
© 2008 Asian Development Bank
Privacy | Terms of Use |
Top of page
|