China, People's Republic of: Innovations in Credit Risk Management and Financial Service Capabilities for Rural Commercial Banks in Tianjin Municipality

Sovereign Project | 46159-001

Summary

The TA will support an assessment of IT system needs and preparation of a project plan related to the data needs for rural credit risks and risk management, and product development that will also fully integrate remote rural branches. The TA will also help Tianjin Rural Commercial Bank (TRCB) establish an overall rural finance business strategy to promote rural lending and expand product offerings. An institutionalization mechanism will be in place to accumulate rural finance knowledge, support ongoing staff training programs in TRCB and ultimately disseminate lessons learned to other RCBs in Tianjin Municipality and across PRC.

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Project Name Innovations in Credit Risk Management and Financial Service Capabilities for Rural Commercial Banks in Tianjin Municipality
Project Number 46159-001
Country China, People's Republic of
Project Status Approved
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8496-PRC: Innovations in Credit Risk Management and Financial Service Capabilities for Rural Commercial Banks in Tianjin Municipality
Technical Assistance Special Fund US$ 400,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector Public sector management - Economic affairs management
Gender Equity and Mainstreaming
Description The TA will support an assessment of IT system needs and preparation of a project plan related to the data needs for rural credit risks and risk management, and product development that will also fully integrate remote rural branches. The TA will also help Tianjin Rural Commercial Bank (TRCB) establish an overall rural finance business strategy to promote rural lending and expand product offerings. An institutionalization mechanism will be in place to accumulate rural finance knowledge, support ongoing staff training programs in TRCB and ultimately disseminate lessons learned to other RCBs in Tianjin Municipality and across PRC.
Project Rationale and Linkage to Country/Regional Strategy
Impact Improved growth prospects for the rural sector providing for development more in line with urban areas.
Project Outcome
Description of Outcome Increased access of rural residents and small businesses in Tianjin Municipality to finance through expanded offerings of micro and SME financial products
Progress Toward Outcome Progress is on track to support outcomes with complettion schedule for September 2015.
Implementation Progress
Description of Project Outputs

International best practice assessment and preparation of new processes and an alternative strategy regarding rural credits and financial products for TRCB

Development of a systems' plan to support rural financial services

Institutionalization and dissemination of an effective rural credit risk appraisal, financial product strategy and risk management system

Status of Implementation Progress (Outputs, Activities, and Issues) Work by the consultants has been completed. A final report was prepared for management of Tianjin Rural Commercial Bank (TRCB), the Tiajnin Finance Bureau and ADB. Training is being help for units and branches of TRCB to cover new proposed products, services and processes. Planning is begining for the conference and study tour. A draft knowldege product was prepared and will be finalized upon completion of the conference and study tour. A review mission was held in February 2015.
Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design The EA and IA were both closely involved in discussing and reviewing project design.
During Project Implementation The EA and IA have been regularly consulted regarding project progress.
Business Opportunities
Consulting Services The TA will engage one international consultant for a total of 5 person months, and two national consultants for a total of 14 person months. A software firm with a 5 person-month equivalent will be recruited under CQS (Lump Sum) for assessment and provision of a software and hardware evaluation and upgrade plan for the rural sector to enable completion of the data requirements for the risk management system and improved overall data management.
Responsible ADB Officer Giacomo Giannetto
Responsible ADB Department East Asia Department
Responsible ADB Division Public Mgt, Financial Sector and Regional Coop Division, EARD
Executing Agencies
Tianjin Finance BureauForeign Economy Division
No. 4 Qufu Road, Heping District
Tianjin, People's Rep of China
Timetable
Concept Clearance 26 Sep 2013
Fact Finding 23 Jul 2013 to 23 Jul 2013
MRM -
Approval 30 Oct 2013
Last Review Mission -
Last PDS Update 19 Mar 2015

TA 8496-PRC

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
30 Oct 2013 14 Feb 2014 14 Feb 2014 31 Mar 2015 31 Dec 2015 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
400,000.00 0.00 50,000.00 0.00 0.00 0.00 450,000.00 30 Oct 2013 232,692.38

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