PROJECT

Projects

Summary of Proposed Investment

Project Number

21114

Company Name

INDUSTRIAL BANK CO LTD

Date SPI Disclosed

Sep 30, 2003

Country

China

Industry

Financial Markets

Projected Board Date

Oct 30, 2003

Status

Active

Sector

Commercial Banking - General

Department

Global Industry, Financial Markets

Environmental Category

FI

Previous Events

Approved : Dec 4, 2003
Signed : Dec 15, 2003
Invested : Dec 17, 2003

Project Description

Industrial Bank (IB or the company), founded in 1988, is one of ten nationwide joint-stock commercial banks in China. The purpose of this project is to strengthen IB's capital base and to assist IB in its effort to broaden and diversify ownership, improve corporate governance, and adopt international standards and banking best practices.

Sponsor / Cost / Location

Development Impact