Sri Lanka: DFCC Vardhana Bank
ONGOING EVALUATION. This evaluation aims to assess the development objectives of the project (DFCC Vardhana Bank), particularly if it increased the involvement of a medium-sized private commercial bank in housing finance, leading to improved availability and affordability of mortgages across different market segments. ADB’s contribution to development effectiveness, additionality, profitability, and work quality will likewise be evaluated. The evaluation will also derive lessons from the project, which can then be used to assist in the design and implementation of future ADB private sector operations in the country and region, particularly mortgage loan investments. The findings are also expected to provide input to the upcoming thematic evaluation of additionality in nonsovereign operations.