Demirbank Kyrgyzstan (DBK)

completed

Summary Of Project Information (SPI)Project NameKyrgyz Republic-Joint Venture BankEquity InvestmentRegionCentral Asia, Middle East & North AfricaSectorProject No004764Projected Board DateApril 1, 1996Company NameDemirbank KyrgyzstanTechnical Partner and/or Major Shareholders Technical Partner - Demirbank - 60%; International Finance Corporation (IFC) - 15%, European Bank for Reconstruction (EBRD) and Development - 15% and FMO - 10%.Project Cost Including proposed IFC investment The Bank will be capitalized at US$2.0 million, of which IFC will invest approximately US$300,000. IFC, FMO and EBRD will each make a loan of US$2.0 million to the Bank. FMO will participate under IFC’s ‘B’ loan program.Location of project and Description of site Bishkek, Kyrgyz RepublicDescription of Company and Purpose of Project The project will consist of the establishment of the first major international joint-venture bank in the Kyrgyz Republic. The new institution is expected to provide essential banking services to private Kyrgyz enterprises and joint ventures.Environmental Category and Issues This is a category “C” project. No further environmental review is required.Date SPI sent to PIC      February 16, 1996For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 676-0365