Financed ProjectsTBC Bank SME II

Identification Code:

OP/08/0714

Total Operation Cost:

0

Maturity:

36 months

Operation Status:

Description and Purpose of the Operation:

The SME Facility will be used exclusively for financing eligible Sub-Loans according to BSTDB Criteria and Procedures for SME financing activity.

Countries of Operation:

Georgia (100,00 %)

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

TBC Bank, Georgia

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The Project is expected to have modest but favourable economic benefits for the Georgian economy, the most relevant being additional tax revenue gains from increased economic activity under the additional amount provided. This will further increase employment, export capacity and competitiveness, and multiplier effects for other sectors of the economy.

Environmental Classification and Impact (summary):

Screened as FI category. The Borrower has adopted basic environmental procedures satisfactory to BSTDB and integrated them as fully as possible into its credit/investment appraisal and monitoring process. During the course of the loan the Borrower will need to undertake environmental assessment of the sub-projects with medium and high environmental risk, as well as ensure proper monitoring of these operations; ensure compliance of these operations with applicable national EHS requirements; strictly follow the Bank’s Negative List of Products; and submit annual EH&S performance reports.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org