|Project Name||Expansion of Financial Services|
|Project Type / Modality of Assistance||Technical Assistance
|Source of Funding / Amount||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change||Gender Equity and Mainstreaming
Governance and capacity development
Private sector development
|Sector / Subsector||
Finance / Inclusive finance
|Gender Equity and Mainstreaming||Effective gender mainstreaming|
|Project Rationale and Linkage to Country/Regional Strategy|
|Description of Outcome|
|Progress Toward Outcome||The TA supported the commercial transformation of BNCTL, including commercial strategy development and implementation of a new core banking technology platform in October 2017. This resulted in BNCTL broadening its product offerings and thus increasing access to a range of financial services available for the Timorese population. The TA also improved operational and financial performance of BNCTL, creating the foundation for a sustainable commercial banking operation. Additional financing of A$400,000 from the Australian Government in mid-2017 was utilized to strengthen BNCTL's audit and risk management functions. The current round of co-financing (approved in July 2018) from the Australian government focuses on improving corporate governance and risk management.A total of six international consultants were engaged in the past on an intermittent basis by the TA: a transformation manager (21.6 person-months), a bank operations advisor (7.7 person-months), a bank information technology expert (8.2 person-months), a Credit Risk Management Expert (5.6 person-months), an Operational Risk Expert (6.8 person-months), and a Compliance Expert (6.1 person-months). Currently, two risk and governance experts are engaged on an intermittent basis to improve BNCTL's governance and risk management. These international experts will also support the new BNCTL Board formulate and implement a new commercial banking strategy.|
|Description of Project Outputs|
|Status of Implementation Progress (Outputs, Activities, and Issues)||The TA supported the commercial transformation of BNTCL, including commercial strategy development and implementation of a new core banking technology platform in October 2017. Output 1 supported the finalization of the road map and action plan for comprehensive institutional strengthening. This was achieved with the BNTCL board members' approval of the gender-sensitive road map and action plan in Q1 2016. Output 2 supported the effective and efficient application of commercial banking principles by the management and staff of BNTCL.Majority of the activities have been completed while others are either ongoing or pending subject to the appointment of the new board of directors of BNTCL. The TA completion date was extended to 31 Dec 2020 to allow completion of TA support to BNCTL.As of 30 September 2020.The TA engaged consultants to strengthen the capacity of the Board and Management of Banco Nacional de Comercio de Timor Leste (EA & IA of the TA). The extension of the closing date will allow completion of the TA's support to the EA.|
|Summary of Environmental and Social Aspects|
|Stakeholder Communication, Participation, and Consultation|
|During Project Design||The TA fact-finding mission concluded with a memorandum of understanding outlining agreed impact, outcome, outputs, implementation arrangements, and outline terms of reference for consultants. The TA was discussed with BNCTL; development partners and government agencies.|
|During Project Implementation||The project team continues to consult with BNCTL; development partners and government agencies.|
A total of six international consultants were engaged on an intermittent basis by the TA: a transformation manager (21.6 person-months), a bank operations advisor (7.7 person-months), a bank information technology expert (8.2 person-months), a Credit Risk Management Expert (5.6 person-months), an Operational Risk Expert (6.8 person-months), and a Compliance Expert (6.1 person-months).
The additional cofinancing coverd intermittent international consultant inputs of approximately 6.4 months
|Responsible ADB Officer||Hattel, Kelly L.|
|Responsible ADB Department||Southeast Asia Department|
|Responsible ADB Division||Public Management, Financial Sector and Trade Division, SERD|
Banco Nacional de Com rcio de Timor-Leste
Ave.Martires da Patria Mandarin
Dili, Timor Leste
|Last Review Mission||-|
|Last PDS Update||30 Sep 2020|
|Approval||Signing Date||Effectivity Date||Closing|
|20 Nov 2014||30 Dec 2014||30 Dec 2014||30 Jun 2018||31 Dec 2020||-|
|Financing Plan/TA Utilization||Cumulative Disbursements|
|750,000.00||0.00||0.00||0.00||0.00||0.00||750,000.00||20 Nov 2014||1,068,672.00|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
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In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
|Title||Document Type||Document Date|
|Expansion of Financial Services: Technical Assistance Report||Technical Assistance Reports||Dec 2014|
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
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The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
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Access to Finance Stimulates Small Business Growth in Timor-LesteADB helped launch Timor-Leste’s first locally-owned commercial bank that provides loans to individuals and businesses. The National Commercial Bank of Timor-Leste (NCBTL), now has branches in towns and rural areas.
|Tender Title||Type||Status||Posting Date||Deadline|
|Risk and Corporate Governance Expert||Individual - Consulting||Closed||19 Sep 2018||25 Sep 2018|
|Finance Risk Specialist||Individual - Consulting||Closed||02 Dec 2017||08 Dec 2017|
|Credit Risk Expert||Individual - Consulting||Closed||10 Aug 2017||23 Aug 2017|
|Transformation Manager||Individual - Consulting||Closed||01 Aug 2017||07 Aug 2017|
|Compliance Risk Expert||Individual - Consulting||Closed||18 Jul 2017||24 Jul 2017|
|Operational Risk Expert||Individual - Consulting||Closed||18 Jul 2017||24 Jul 2017|
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