Banco General S.A.

completed

Summary Of Project Information (SPI)Project NamePANAMA-Banco General S.A.     RegionLatin America and the CaribbeanSectorProject No007475Projected Board DateFebruary 17, 1997Company NameBanco 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$1.1 billion at the end of 1995.Project Cost Including proposed IFC investment US$25 million, all of which would be lent by IFC.Location of project and Description of site PanamaDescription of Company and Purpose of Project The project consists of a US$25 million mortgage credit line to Banco General, S.A. , which BGSA will on-lend for residential mortgages. At IFC’s recommendation, BGSA will hire a foreign technical adviser to assist in securitizing part of its mortgage portfolio.Environmental Category and Issues This is a Category C project according to IFC’s environmental review procedures. No further environmental review is required.Date SPI sent to PIC December 16, 1996For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 676-0365