Financed ProjectsTBC SME Leasing Facility II

Identification Code:

OP/10/0784

Total Operation Cost:

0

Maturity:

36 months

Operation Status:

Description and Purpose of the Operation:

The proceeds of Facility will be used by the Borrower exclusively for the purpose of financing new and refinancing of existing lease transactions with beneficiaries satisfying Lease Transaction Eligibility Criteria.

Countries of Operation:

Georgia (100,00 %)

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

TBC Leasing, Georgia

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The Project is expected to have favorable economic benefits for the Georgian economy, the most relevant being the tax revenue gains from economic activity, increase in employment, increase in export capacity and competitiveness, and multiplier effects for other parts of the economy.

Environmental Classification and Impact (summary):

For the purpose of this transaction the Borrower shall be required to: - undertake environmental assessment of the sub-leases with medium and high environmental risk, as well as ensure proper monitoring of these operations; - ensure compliance of the sub-leases with applicable national EH&S requirements; - continue to adhere to the Bank's Environmental Exclusion List and Negative List of Goods; - submit annual EH&S performance reports.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org