BBA Creditanstalt S.A.

completed

Summary Of Project Information (SPI)Project NameBrazil – BBA CreditanstaltRegionLatin America and the CaribbeanSectorProject No009985Projected Board DateFebruary 20, 2000Company NameBanco BBA CreditanstaltTechnical Partner and/or Major Shareholders BBA is Brazil''s 13th largest private sector bank in terms of total assets. Bank Austria, owns 48% of BBA''s total share capital, comprising 33% of the voting shares and 63% of the non-voting shares. A further 48%, comprising 63% of the voting shares and 33% of the non-voting shares, is owned by BBA Participações, a holding company for BBA’s founding shareholders. The remaining 4% of BBA’s capital is owned by other senior executives of BBA. Project Cost Including proposed IFC investment The proposed IFC investment is US$40 million. Location of project and Description of site BBA is headquartered in Sao Paulo, BrazilDescription of Company and Purpose of Project The project is a credit line that will be targeted at medium-sized export-oriented borrowers in Brazil. It is a response to the sluggish performance of Brazilian exporters following the currency float in January 1999. In part, this performance results from declining dollar prices of Brazilian exports. However, it is also the consequence of lack of long-term financing for export-oriented projects. The project will enable IFC to help a relatively large number of Brazilian exporters more efficiently than through direct IFC lending. Thus it will help these firms to modernize plant and equipment or to expand to meet external competition or to take advantage of new opportunities opened by changes in relative prices. Environmental Category and Issues This is a Financial Intermediary (FI) Type 2 project according to IFC''s environmental and social review procedure. BBA must obtain IFC clearance prior to making any loan or investment in any Category A subproject. BBA must participate in environmental training as may be required by IFC, develop an environmental management system, and provide an annual environmental performance report.      Date SPI sent to InfoShop January 21, 2000“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