PROJECT

Projects

Summary of Proposed Investment

Project Number

7487

Company Name

Polish American Mortgage Bank Inc.

Date SPI Disclosed

May 2, 1996

Country

Poland

Industry

Financial Markets

Status

Completed

Sector

Commercial Banking - General

Department

Regional Industry FIG LAC & EUR

Environmental Category

C - No Impact

Previous Events

Approved : Jun 26, 1996
Signed : Jun 12, 1997
Invested : Apr 6, 1998

Project Description

Summary Of Project Information (SPI)

Project NamePoland-Polish American Mortgage Bank
RegionEurope
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

Sponsor / Cost / Location