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Summary of Project Information (SPI)

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Project number	7487
Project name	Polish American Mortgage Bank
Country	Poland
Sector	Finance & Insurance
Department	Global Financial Markets Group
Company name	Polish American Mortgage Bank Inc.
Environmental category	C
Date disclosed	May 2, 1996
Status	Completed
Previous Events	Invested: April 6, 1998 Signed: June 12, 1997 Approved: June 26, 1996

Summary Of Project Information (SPI)

Project Name	Poland-Polish American Mortgage Bank

Region	Europe

Sector

Project No007487
Projected Board DateJune 3, 1996
Company NamePolish American Mortgage Bank
Technical Partner and/or Major Shareholders

Polish American Enterprise Fund; Wielkopolski Bank Kredytowy

Project Cost Including proposed IFC investment

US$35 million, of which an IFC senior loan of US$10-15 million

Location of project and Description of site

Warsaw, Poland

Description of Company and Purpose of Project

PAM Bank is a major originator of mortgage finance in Poland. It requires additional funding to meet the demand for its product.

IFC has a strong institution building role in assisting the bank during its transition period as it strives to meet demand, cultivate alternative local sources of capital and prepares to securitize its portfolio.

Environmental Category and Issues

Category C. No further environmental review is therefore required.

Date SPI sent to PIC

May 2, 1996

For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365