Hana Bank

completed

Summary Of Project Information (SPI)Project NameRepublic of Korea -Loan Facility to Hana Bank     RegionAsiaSectorProject No008903Projected Board DateMay 30, 1998Company NameHana BankTechnical Partner and/or Major Shareholders Hana Bank is a public company, listed on the Korea Stock Exchange(KSE), with 5,396 shareholders as of December 31, 1997. 8 leading shareholders as of December 31, 1997 are as follows: Name Kyobo Life Insurance (7.73%)Dongwon Securities (7.15%) Korea Long Term Credit Bank (6.32%) Dongbu Insurance (5.72%)Shindoricho Corp. (5.28%) Hyosung Group (4.99%)Samsung Life Insurance (3.61%) Nomura Securities Co. (3.01%) Proposed IFC Investment IFC A loan and IFC B loan as well as subordinated convertible bonds and equity to be subscribed by IFC. Location of Project and Description of Site Corporate Head Office is in Seoul, South KoreaDescription of Company and Purpose of Project Description: Hana Bank is a nation-wide commercial bank. It has a network of 111 branches with local banking assets of 14.2 trillion won (approximately US$10 billion) and equity of 694 billion (approximately 490 million). Its activities include retail banking, corporate banking, trust business management, and credit card business. IFC’s Role: IFC will support Hana Bank with long term funding and equity to withstand the impact of the current economic crisis in Korea. IFC will also assist Hana Bank to improve its accounting, provisioning, and disclosure policies/practices. Development Impact: The proposed project would be part of a larger effort by the multilateral financial institutions to assist a member country affected by the contagion in Asian market. IFC’s direct involvement in the process would help to restore confidence in the Korean banking system and improve the credibility of Korean commercial banks. Environmental Category and Issues This is a category C project according to IFC’s environmental review procedure. Hana Bank must attend IFC’s workshops on environmental management; for relevant operations, implement an environmental management system (policy, procedure, and designated staff to conduct reviews) to ensure that such operations comply with host country environmental requirements; and submit an annual environmental performance report briefly describing environmental aspects of relevant operations. Date SPI sent to InfoShop April 30, 1998“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) 974-4384L:\SPI\SP008903.DOCApril 30, 1998 2:36 PM