Interbank

completed

Summary Of Project Information (SPI)Project NamePeru-Banco Internacional del Peru     RegionLatin America and the CaribbeanSectorProject No008120Projected Board Date     June 16, 1997Company NameBanco Internacional del PeruTechnical Partner and/or Major Shareholders ING Bank as fronting bank for the Letter of Credit and Dresdner Bank as co-arranger of the Letter of Credit Syndication.Project Cost Including proposed IFC investment US$120 millionLocation of project and Description of site Lima, PeruDescription of Company and Purpose of Project The project involves the structuring of an up to US$120 million facility in the form of an IFC A and B Loan for Interbank, the fourth largest Peruvian bank with US$1.3 billion in assets. The US$20 million IFC A Loan would have a term of eight years with a three year grace period. It would be used to provide term financing to private sector middle-market Peruvian companies, for projects involving consolidation, modernization, expansion, and export-related growth. The B Loan would be for the account of participants and would comprise the proceeds of a three-year structured US Commercial Paper program which is expected to be of up to US$100 million. It would be used to provide medium-term financing and develop Interbank’s local debt underwriting for private sector companies in Peru.Environmental Category and Issues This is an environmental review category FI project. Interbank will be required to undertake an environmental review of each subproject. IFC will assess Interbank’s capability to carry out environmental reviews.Date SPI sent to PIC May 14, 1997For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 974-4384