The project sponsor is the Royal Merchant Bank and Finance Company Ltd. ("RMB" or the "Bank"). RMB is a 100% owned subsidiary of RBTT Financial Holdings Ltd. ("RBTT Holdings", the "RBTT Group" or the "Group"), a holding company for 29 financial subsidiaries and affiliate companies, including insurance, commercial banking and asset management, 14 of which are located in Trinidad and Tobago (T&T) and the remaining 15 throughout the Eastern Caribbean. The largest subsidiary in the RBTT Group is Royal Bank of Trinidad & Tobago, the commercial banking subsidiary. RBTT Holding was created in July 1998 as part of a broad-based corporate restructuring plan that transferred the subsidiaries, previously owned by Royal Bank of Trinindad & Tobago, to the holding company. The Group is implementing an active expansion program throughout the Eastern Caribbean, primarily via acquisitions, including the purchase of IFC''s shares in Development Finance Limited of T&T.

RBTT Holdings, the first T&T company to list outside of the country, is listed Jamaica (pending) and Barbados as well as in Trinidad. The Group has several thousand individual and institutional shareholders. The largest shareholder is Guardians Holdings, a T&T-based insurance group, with 20.4% of the share capital as of September 30, 2000. RBTT Holdings has a thirteen-member Board of Directors, of whom 12 own shares. The Company also has an active employee stock ownership program, as a result of which approximately 95% of its employees own shares.

The project consists of a credit line ("CL") of up to US$40 million for RMB for project finance in Trinidad and Tobago and throughout the Eastern Caribbean and the Netherlands Antilles. The CL would support projects in a variety of sectors including energy, manufacturing, tourism, agribusiness, and infrastructure. The Bank already has identified a pipeline of projects and will work with IFC''s Resident Representative in Trinidad in the identification and structuring of projects to be funded under the IFC CL.

40.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	40.0
Equity

* These investment figures are indicative

The Bank is headquartered in Trinidad & Tobago and will make investments in the Eastern Caribbean region.

This is a Financial Intermediary (FI) Type 2 project according to IFC''s environmental and social review procedure. RMB must require all subprojects to be carried out and operated in compliance with the applicable environmental, health and safety (EH&S) requirements of the country where the subproject is situated. In addition, subprojects whose total cost is less than US$500,000 must be consistent with IFC''s Microfinance Exclusion List. Subprojects whose total cost is US$500,000 or greater must be carried out in accordance with IFC''s safeguard policies, be consistent with IFC''s Exclusion List, and meet the host country requirements. RMB must obtain IFC clearance prior to making any investment with IFC funds in any Category A subproject, and such a subproject must meet the applicable EH&S guidelines and safeguard policies of the World Bank Group. RMB must participate in environmental training, develop an environmental management system, and provide an annual environmental performance report.
Location of environmental documents In locally affected community