Eurafrican Bank (Tanzania) Limited - Revision to original project

completed

SUMMARY OF PROJECT INFORMATION (SPI)Project Name Tanzania-Eurafrican Bank (Tanzania) Limited Region Sub-Saharan AfricaSector FinanceProject No 005049Projected Board Date July 31, 1995 Company Name Eurafrican Bank (Tanzania) Limited (EAB)Technical Partner and/or Major Shareholders EAB has been promoted by Banque Belgolaise, the African arm of Generale Bank (GBank), the largest Belgian bank with extensive interests both in Europe and overseas. EAB''s major shareholders are: Banque Belgolaise (25%); IFC (20%); Proparco (10%); other local shareholders (45%). Project Cost including proposed IFC investment The total project cost is US$8.0 million, comprising of an "A" loan of US$3.0 million and a "B" loan of US$5 million. Location of project and Description of site TanzaniaDescription of Company and Purpose of Project EAB is a wholesale bank focussing on trade finance and other commercial banking activities. The project will provide EAB with a range of foreign currency funding products, enabling it to provide working capital financing to exporters as well as trade finance services to importers.Environmental Categories and Issues This is a category "C" project under IFC''s environmental review procedure.Date SPI sent to PIC June 19, 1995For additional information contact: Corporate Relations Unit. Telephone: (202) 473-7711Facsimile: (202) 676-0365Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).