Banco General S.A. II

completed

Summary Of Project Information (SPI)Project Name:PANAMA: Banco General IIRegion:Latin America and the CaribbeanSector:Project No:009575Projected Board Date:July 29, 1999Company Name:Banco General S.A.Technical Partner and/or Major Shareholders Banco General S.A. is a wholly-owned subsidiary of Empresa General de Inversiones, S.A. a publicly-traded Panamanian corporation with assets of US$1.6 billion and equity of US$186.9 million as at December 31, 1998.Project Cost Including proposed IFC investment US$25 million A LoanLocation of project and Description of site Panama City, PanamaDescription of Company and Purpose of Project The Project consists of a US$25.0 million 5-year A loan to provide Banco General with medium-term funding and help the bank extend the average maturity of its liabilities with relation to that of its assets.Environmental Category and Issues This is a category C project according to IFC''s environmental review procedure. No further environmental review is required.      The is from the InfoShop.Date SPI sent to InfoShop: June 28, 1999“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 974-4384