Appraisal Process

The Bank's due diligence process is designed to objectively identify the merits of each proposal, and is consistently and rigorously adhered to.

The Bank evaluates all projects submitted for mandate and portfolio allocation fit, sponsors' credibility and evidence of economic viability through a series of steps designed to ensure the institution's credibility.

These considerations evaluate and highlight each project's financial, managerial and technical soundness as well as the environmental and social impacts, for further recommendation to the Board.

The Bank's appraisal processes are geared to identifying limitations at the outset and highlighting appropriate risk mitigating measures to foster the success of projects.

Its policies and practices are exercised in a transparent manner. Activities are conducted with due consideration for the requirements of public accountability while taking into account the sensitive aspects of projects.

• Decision process

Decisions on loans are taken by one or more committees to ensure a balanced view of each application. The initial appraisal is conducted by the New Business Committee, after which the assessment is forwarded to the Board's Credit and Investment. The full Board also makes investment decisions on applications exceeding specific loan amounts.

Promoters can request feedback on the proposal's progress throughout the process.

• Length of the process and feedback

The length of the process is determined by the complexity of the application and the quality of documentation of the proposal by the promoter. Typically, this period will be less than six weeks.
Promoters can request feedback on the proposal's progress throughout the process. Management of applications takes place in a transparent manner.

• Required documentation
  • Business plan
  • Projections
  • Financial statements
  • Documentation of collateral offered
  • Full details of shareholders

The following documentation is a routine prerequisite: