Demirbank Romania S.A.

completed

Summary Of Project Information (SPI)Project NameRomania-Demirbank Romania     RegionEuropeSectorProject No008472Projected Board DateOctober 24, 1997Company NameDemirbank RomaniaTechnical Partner and/or Major Shareholders Demirbank Turkey (Turkey)      Project Cost Including proposed IFC investment US$35.0 million. IFC will extend a credit line of US$5 million and will make an equity investment of approximately US$3.2 million for up to 20% in Demirbank Romania (DBR).     Location of project and Description of site Bucharest, Romania       Description of Company and Purpose of Project(include IFC’s Role and Development Impact) Demirbank Romania is being established as a new commercial bank in Romania and is expected to support the growth of Turco-Romanian trade and investment, and facilitate the development of the Romanian banking sector.      Environmental Category and Issues This is a category FI project according to IFC’s environmental review procedures. Demirbank has committed to establishing an environmental management system that will ensure that investments are consistent with applicable host country environmental laws and regulations as well as applicable World Bank environmental, health and safety guidelines and policies; attending IFC’s environmental management workshops; submitting an environmental management plan;ensuring that Category A projects are cleared by IFC’s Environment Division; and submitting an annual environmental performance report.      Date SPI sent to PIC September 22, 1997“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