Ecobank - Burkina Faso

completed

Summary Of Project Information (SPI)Project NameBurkina Faso-EcobankRegionSub-Saharan AfricaSectorProject No007830Projected Board DateDecember 31, 1996Company NameEcobank-Burkina FasoTechnical Partner and/or Major Shareholders Ecobank Transnational Incorporated (ETI), a home-based financial institution (80%), IFC (10%), local investors (10%)Project Cost Including proposed IFC investment Up to US$2.5 million, including an IFC investment of up to $250,000Location of project and Description of site HQ Ouagadougou and operating throughout Burkina FasoDescription of Company and Purpose of Project The Project involves an IFC equity participation of up to 10% in EBF, a new commercial bank being established in Burkina Faso. Under the sponsorship of ETI, a leading regional financial institution, EBF plans to provide high quality financial products and services to the productive sectors of the Burkinabe economy.Environmental Category and Issues This is an environmental review category C project. No further review is required.Date SPI sent to PIC November 15, 1996For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 676-0365