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Summary of Project Information (SPI) |
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| Project number | 4764 |
| Project name | Demirbank Kyrgyzstan (DBK) |
| Country | Kyrgyz Republic |
| Sector | Finance & Insurance |
| Department | Global Financial Markets Group |
| Company name | Demir Kyrgyz International Bank |
| Environmental category | C |
| Date disclosed | February 16, 1996 |
| Status | Active |
| Previous Events | Invested: August 7, 1998
Signed: November 7, 1996
Approved: April 30, 1996 |
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Summary Of Project Information (SPI)
| Project Name | Kyrgyz Republic-Joint Venture Bank |
| Equity Investment |
| Region | Central Asia, Middle East & North Africa |
Sector
Project No004764
Projected Board DateApril 1, 1996
Company NameDemirbank Kyrgyzstan
Technical Partner and/or Major Shareholders
Technical Partner - Demirbank - 60%; International Finance Corporation (IFC) - 15%, European Bank for Reconstruction (EBRD) and Development - 15% and FMO - 10%.
Project Cost Including proposed IFC investment
The Bank will be capitalized at US$2.0 million, of which IFC will invest approximately US$300,000. IFC, FMO and EBRD will each make a loan of US$2.0 million to the Bank. FMO will participate under IFC’s ‘B’ loan program.
Location of project and Description of site
Bishkek, Kyrgyz Republic
Description of Company and Purpose of Project
The project will consist of the establishment of the first major international joint-venture bank in the Kyrgyz Republic. The new institution is expected to provide essential banking services to private Kyrgyz enterprises and joint ventures.
Environmental Category and Issues
This is a category “C” project. No further environmental review is required.
| Date SPI sent to PIC | February 16, 1996 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365 |
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