Finance Bank of Zambia Limited

completed

Summary Of Project Information (SPI)Project NameZambia - Finance Bank Zambia (FBZ) LimitedRegionSub-Saharan AfricaSectorProject No007908Projected Board DateDecember 31, 1996Company NameFinance Bank Zambia (FBZ) LimitedTechnical Partner and/or Major Shareholders Finance Bank Zambia (FBZ) LimitedProject Cost Including proposed IFC investment up to US$5 millionLocation of project and Description of site Throughout ZambiaDescription of Company and Purpose of Project The project involves an IFC loan of up to US$5 million to Finance Bank Zambia Limited to be used for trade and project finance purposes. Finance Bank Zambia is the largest locally owned private bank in Zambia with an asset and equity base of about US$60 million and US$5 million equivalent. The IFC loan would serve to channel much forex term finance to fund the operational and expansion needs of Zambian enterprises.Environmental Category and Issues This is a category FI project according to IFC’s environmental procedures. For relevant project finance operations, FBZ will be required to do an environmental review of eligible investee companies operations. Date SPI sent to PIC November 18, 1996For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 676-0365