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Diamond Bank/IFC appoint resident advisor for N2.4bn SME facility
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Emeka Onwuka, managin director, Diamond Bank plc
Diamond Bank plc in partnership with the International Finance Corporation (IFC) has appointed a resident expert to drive the development of products, operational and risk management frameworks concerning the disbursement of IFC’s $20 million facility to the bank on SMEs.
Nkiru Onono, head, corporate communications, Diamond Bank plc, stated this in Lagos. David Munro, an American appointed to oversee the facility, has worked on other micro, small and medium enterprises.
According to her, “David Munro is a senior banker with more than 20 years experience of advising commercial banks and other financial intermediaries in Africa, Middle East and Central Asia on the development and implementation of MSME lending programmes, most commonly as a long-term resident adviser.
“He was a resident adviser on an IFC lending programme in West Bank/Gaza, as well as working for USAID in similar positions.”
Following an early career in retail banking and lately corporate lending and relationship banking, Onono said David has built up a wealth of experience in all aspects of MSME lending across a wide variety of domains.
He has developed MSME lending policies and designed MSME lending programmes for banks in Uganda, Egypt, West Bank/Gaza and Iraq, including front and back office processes and documentation and credit controls.
“David has delivered training courses for bankers including 30 training courses covering all aspects of banking from credit analysis and marketing, to governance and internal auditing, for the private banks of Iraq; and designed and delivered his own course on managerial accounting and credit analysis, a two-three week course, now translated into four languages, English, Arabic, Russian and Mongolian, and delivered to clients in the Middle East, Asia, and Russia”she said.
He has prepared and written credit policy and operations manuals for the World Bank/IFC Palestine project, social fund for economic development (Egypt), the Danish International Development Agency (Danida), and the Nile Bank, Kampala, Uganda; as well as strengthened loan documentation and initiated new classification, reserve and work-out policies.
According to her, “David Munro is a senior banker with more than 20 years experience of advising commercial banks and other financial intermediaries in Africa, Middle East and Central Asia on the development and implementation of MSME lending programmes, most commonly as a long-term resident adviser.
“He was a resident adviser on an IFC lending programme in West Bank/Gaza, as well as working for USAID in similar positions.”
Following an early career in retail banking and lately corporate lending and relationship banking, Onono said David has built up a wealth of experience in all aspects of MSME lending across a wide variety of domains.
He has developed MSME lending policies and designed MSME lending programmes for banks in Uganda, Egypt, West Bank/Gaza and Iraq, including front and back office processes and documentation and credit controls.
“David has delivered training courses for bankers including 30 training courses covering all aspects of banking from credit analysis and marketing, to governance and internal auditing, for the private banks of Iraq; and designed and delivered his own course on managerial accounting and credit analysis, a two-three week course, now translated into four languages, English, Arabic, Russian and Mongolian, and delivered to clients in the Middle East, Asia, and Russia”she said.
He has prepared and written credit policy and operations manuals for the World Bank/IFC Palestine project, social fund for economic development (Egypt), the Danish International Development Agency (Danida), and the Nile Bank, Kampala, Uganda; as well as strengthened loan documentation and initiated new classification, reserve and work-out policies.
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