Toribank

completed

Summary Of Project Information (SPI)Project NameRussian Federation-Toribank    RegionEuropeSectorProject No008363Projected Board DateOctober 19, 1997Company NameToribankTechnical Partner and/or Major Shareholders Toribank is an open joint stock bank with total assets of US$383 MM and total equity of US$41MM at year-end 1996. Its six core shareholders include trading and investment companies: AOOT “Invest-T” (9%), ZAO “Sojuzstroimontazh” (9%), Aton Ltd. (9%), “Partnerstvo” (8%), “Vash Finansovy Popechitel” (7%) and Investment Fund “Sakha-Invest” (7%).Project Cost Including proposed IFC investment The project includes an IFC equity investment of up to US$10 million in the charter capital of Toribank.Location of project and Description of site Moscow, Russian FederationDescription of Company and Purpose of Project(include IFC’s Role and Development Impact) Toribank has emerged as one of Russia’s most important securities dealers and ruble clearing banks and is well-known for the establishment of an in-house clearing center for regional banks. Through this project, IFC will support Toribank’s expansion into project finance and other new areas of activity. Toribank is reasonably capitalized at present, yet substantial capital will be needed to meet the requirements of economic growth and expected consolodation within the banking sector.Environmental Category and Issues This is an environmental review category C project. No further environmental review is requiredDate SPI sent to PIC September 19, 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