PT BBL Dharmala Finance III

completed

SUMMARY OF PROJECT INFORMATION (SPI)Project Name: Indonesia-PT BBL Dharmala FinanceRegion: AsiaSector: Capital MarketsProject No.: 007109Projected Board Date: September 25, 1995Company Name: PT BBL Dharmala FinanceTechnical Partner and/or Major Shareholders:The Company is a joint venture between Bangkok Bank and Dharmala Sakti Sejahtera. The former is the largest commercial bank in Thailand and the latter is the financial services holding company of the Dharmala Group, a large Indonesia business group with interest in a variety of industries. The Company is listed on the Jakarta Stock Exchange and 26.47% of its shares are held by the public.Project Cost including Proposed IFC Investment: Total Project cost: US$40 millionIFC A Loan of US$15 million and B Loan of US$25-35 million.Location of Project and Description of Site:The Company is headquartered in Jakarta, Indonesia and has branches in Java, Sumatra, Kalimantan and Sulawesi.Description of Company and Purpose of Project:PT BBL Dharmala Finance is one of the most profitable finance companies in Indonesia. The purpose of the project is to address the shortage of term finance for Indonesian finance companies as well as help the Company launch its first syndication of an unsecured loan in the international capital markets. The proceeds of the loan will be used to fund the Company''s leasing activities, which are directed at small- to medium-sized local companies. Environmental Category and Issues:This is a category FI project according to IFC''s environmental review procedure. The Company will be required to undertake a review of lessees'' environmental performance and compliance with Government of Indonesia environmental and occupational and health and safety laws, regulations and standards as well as World Bank policies. In addition, IFC will assess the Company''s ability to carry out environmental reviews.Date SPI sent to PIC: August 29, 1995For additional information contact: Corporate Relations Unit -telephone (202) 473-7711facsimile (202) 676-0365