KENYA COMMERCIAL BANK

completed

Summary Of Project Information (SPI)Project NameKenya-Kenya Commercial BankRegionSub-Saharan AfricaSectorProject No007941Projected Board DateMay 30, 1998Company NameKenya Commercial BankTechnical Partner and/or Major Shareholders Kenya Commercial BankProject Cost Including proposed IFC investment US$20 million term-loanLocation of project and Description of site KenyaDescription of Company and Purpose of Project The project involves an IFC term-loan of up to US$20 million to Kenya Commercial Bank (KCB) to be on-lent to export-oriented enterprises in the productive Sectors of the Kenyan Economy.IFC’s loan would serve to channel much-needed foreign exchange term-finance resources to fund the operations and expansion needs of private Kenyan enterprises. In addition, the project will strengthen KCB’s position as a leading project financier to indigenous Kenyan private sector firms.Environmental Category and Issues This is a Category FI project according to IFC’s environmental procedures. For relevant project finance operations, KCB will be required to do an environmental review of eligible investee companies operations. In addition, IFC will asses KCB’s capacity to conduct environmental reviews.Date SPI sent to PIC November 7, 1997“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) 974-4384