Kocbank A.S. and Koc Finans Kiralama A.S.

completed

Summary Of Project Information (SPI)Project NameTurkey-KOCBANK Credit line and U.S. Commercial Paper Program     RegionEuropeSectorProject No004691Projected Board DateApril 15, 1996Company NameKOCBANKTechnical Partner and/or Major Shareholders Koc Group, a leading Turkish group.Project Cost Including proposed IFC investment US$85 million, of which US$25 million will be for IFC’s own account and US$60 million will comprise the proceeds of a credit supported U.S. commercial paper (USCP) program.Location of project and Description of site Istanbul, TurkeyDescription of Company and Purpose of Project KOCBANK is a well-capitalized, medium-sized, commercial bank, wholly owned by the Koc Group. As of September 30, 1995, the bank had total assets of US$785 million equivalent and shareholders’ equity of US$133 million equivalent. The proceeds of the proposed financing package will be on-lent by the bank, to Turkish private sector companies, for pre-export finance and investment purposes.Environmental Category and Issues This is an environmental review category FI project. For relevant operations, KOCBANK will undertake an environmental review of each subproject.Center.Date SPI sent to PIC      February 9, 1996For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 676-0365