Banco de Africa Occidental

completed

Summary Of Project Information (SPI)Project NameGuinea-Bissau-Banco da Africa Occidental     RegionSub-Saharan AfricaSectorProject No008384Projected Board DateNovember 30, 1997Company NameBanco da Africa OccidentalTechnical Partner and/or Major Shareholders Technical Partners: Banco EFISA and Montepio Geral both Portuguese banksProject Cost Including proposed IFC investment Up to US$2.0 million, including an IFC equity investment of US$300,000.Location of project and Description of site HQ Bissau and operating throughout Guinea-Bissau.Description of Company and Purpose of Project The project involves a 15% IFC equity investment in BAO, a new commercial bank in Guinea-Bissau with a capital of CFAF1.0 billion (US$2.0 million equivalent). BAO will be the first private bank in Guinea-Bissau providing a full range of banking services. Environmental Category and Issues This is an environmental review category C project.Date SPI sent to PIC      October 29, 1997For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 676-0365