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Summary of Project Information (SPI) |
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| Project number | 8300 |
| Project name | EXIM BANK KAZAKHSTAN |
| Country | Kazakhstan |
| Sector | Finance & Insurance |
| Department | Global Financial Markets Group |
| Company name | Eximbank Kazakhstan |
| Environmental category | FI |
| Date disclosed | June 4, 1997 |
| Status | Completed |
| Previous Events | Signed: October 9, 1997
Approved: September 29, 1997 |
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REVISED Summary Of Project Information (SPI)
| Project Name | Republic of Kazakstan - Eximbank Kazakstan |
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| Region | Central Asia |
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Project No008300
Projected Board DateAugust 31, 1997
Company NameEximbank Kazakstan
Technical Partner and/or Major Shareholders
Following privatisation, the shareholders of Eximbank Kazakstan will be: Government of Kazakstan (49%), Bank Bumiputra of Malaysia (36%) and IFC (15%).
Project Cost Including proposed IFC investment
IFC will make an equity investment of approximately US$9 million representing 15% of the Company’s proposed common stock, which will be US$60 million after privatisation.
Location of project and Description of site
Almaty, Kazakstan
Description of Company and Purpose of Project
The project consists of the privatisation and restructuring of Eximbank Kazakstan, which is one of the largest banks in Kazakstan.
Environmental Category and Issues
This is a category FI project according to IFC’s environmental review procedures. Eximbank has committed to establishing an environmental management system that will ensure that investments are consistent with applicable host country environmental laws and regulations as well as applicable World Bank environmental, health and safety guidelines and policies. Eximbank will designate appropriate individuals who will have responsibility for environment; attend IFC’s environmental management workshops; submit an environmental management plan; ensure that category A projects are cleared by IFC’s Environment Division; and submit an annual environmental performance report.
Date SPI sent to PIC:
Revised: | May 29, 1997
June 4, 1997 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365 |
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