Summary of Proposed Investment
Project Number
7941
Company Name
KENYA COMMERCIAL BANK LIMITED
Date SPI Disclosed
Nov 7, 1997
Country
Kenya
Industry
Financial Markets
Status
Completed
Sector
Commercial Banking - General
Department
Global Industry, Financial Markets
Environmental Category
FI
Previous Events
Approved : Dec 17, 1998
Signed : Feb 16, 1999
Invested : Oct 22, 1999
Project Description
Summary Of Project Information (SPI)
| Project Name | Kenya-Kenya Commercial Bank |
| Region | Sub-Saharan Africa |
| Sector |
Projected Board DateMay 30, 1998
Company NameKenya Commercial Bank
Technical Partner and/or Major Shareholders
Kenya Commercial Bank
Project Cost Including proposed IFC investment
US$20 million term-loan
Location of project and Description of site
Kenya
Description of Company and Purpose of Project
| The project involves an IFC term-loan of up to US$20 million to Kenya Commercial Bank (KCB) to be on-lent to export-oriented enterprises in the productive Sectors of the Kenyan Economy. |
Environmental Category and Issues
This is a Category FI project according to IFC’s environmental procedures. For relevant project finance operations, KCB will be required to do an environmental review of eligible investee companies operations. In addition, IFC will asses KCB’s capacity to conduct environmental reviews.
| Date SPI sent to PIC | November 7, 1997 |
“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 974-4384
Sponsor / Cost / Location
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