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Summary of Project Information (SPI)

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Project number	8030
Project name	Bank of Beirut Lebanon Credit Line IV
Country	Lebanon
Sector	Finance & Insurance
Department	Global Financial Markets Group
Company name	Bank of Beirut S.A.L.
Environmental category	FI
Date disclosed	April 4, 1997
Status	Completed
Previous Events	Invested: December 28, 1999 Signed: August 18, 1997 Approved: May 19, 1997

Summary Of Project Information (SPI)

Project Name	LEBANON-Credit Line to Medium Sized Banks

Region	Central Asia, Middle East and North Africa

Sector

Project No008030
Projected Board DateApril 17, 1997
Company NameBanque Saradar S.A.L., Transorient Bank S.A.L., Banque Beyrouth pour le Commerce S.A.L., and Bank of Beirut S.A.L.
Technical Partner and/or Major Shareholders

None

Project Cost Including proposed IFC investment

US$ 75 million

Location of project and Description of site

Lebanon

Description of Company and Purpose of Project

The project consists of long-term credit lines aggregating up to US$75 million (including up to US$30 million to be syndicated) to four Lebanese private sector commercial banks, for onlending to local small and medium-sized enterprises (SMSEs) in the private sector and to middle income families to finance the purchase of their first residence or the expansion of their existing one. The project is central to IFC’s strategy of supporting SMSE’s, and also providing critical housing finance for middle income families. The project will also allow the Borrowing Banks (BB’s) to expand their operations while maintaining a matched assets and liability structure.

Environmental Category and Issues

This is a Category (FI) project according to IFC’s environmental procedure. Each BB will be required to undertake an environmental review of each subproject. In addition, IFC will assess each BB’s capability to carry out environmental reviews.

Date SPI sent to PIC

April 4, 1997

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