Bank of Beirut Lebanon Credit Line IV

completed

Summary Of Project Information (SPI)Project NameLEBANON-Credit Line to Medium Sized BanksRegionCentral Asia, Middle East and North AfricaSectorProject No008030Projected Board DateApril 17, 1997Company NameBanque Saradar S.A.L., Transorient Bank S.A.L., Banque Beyrouth pour le Commerce S.A.L., and Bank of Beirut S.A.L.Technical Partner and/or Major Shareholders NoneProject Cost Including proposed IFC investment US$ 75 millionLocation of project and Description of site LebanonDescription of Company and Purpose of Project The project consists of long-term credit lines aggregating up to US$75 million (including up to US$30 million to be syndicated) to four Lebanese private sector commercial banks, for onlending to local small and medium-sized enterprises (SMSEs) in the private sector and to middle income families to finance the purchase of their first residence or the expansion of their existing one. The project is central to IFC’s strategy of supporting SMSE’s, and also providing critical housing finance for middle income families. The project will also allow the Borrowing Banks (BB’s) to expand their operations while maintaining a matched assets and liability structure.Environmental Category and Issues This is a Category (FI) project according to IFC’s environmental procedure. Each BB will be required to undertake an environmental review of each subproject. In addition, IFC will assess each BB’s capability to carry out environmental reviews.Date SPI sent to PIC April 4, 1997For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 676-0365