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Summary of Project Information (SPI)
Project number4760
Project nameABN-AMRO Bank Uzbekistan
CountryUzbekistan
SectorFinance & Insurance
DepartmentGlobal Financial Markets Group
Company nameABN AMRO Bank Uzbekistan
Environmental categoryC
Date disclosedAugust 28, 1995
StatusActive
Previous EventsInvested: December 13, 1996
Signed: June 12, 1996
Approved: April 9, 1996

Summary Of Project Information (SPI)
Project NameUzbekistan-ABN-Amro Bank Uzbekistan Limited
RegionCentral Asia, Middle East and North Africa
Sector
Project No004760
Projected Board DateSeptember 29, 1995
Company NameABN Amro Bank Uzbekistan Limited
Technical Partner and/or Major Shareholders

Technical partner - ABN-Amro N.V. - 50%; Local partner - National Bank for Foreign Economic Activity - 30%; EBRD - 10%; IFC - 10%

Project Cost Including proposed IFC investment

The Bank will be capitalized at US$10 million, of which IFC will invest approximately US$1 million.

Location of project and Description of site

Tashkent, Republic of Uzbekistan

Description of Company and Purpose of Project

The project will consist of the establishment of the first major international joint-venture bank in the Republic of Uzbekistan that is expected to provide essential banking services to Uzbek private sector enterprises.

Environmental Category and Issues

This is a category “C” project. No further environmental review is therefore required.

The is from the Public Information Center.

Date SPI sent to PIC August 28, 1995

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