Financed ProjectsTBC Trade Finance Credit Lines

Identification Code:

OP/99/0010

Total Operation Cost:

0

Maturity:

12 months

Operation Status:

Description and Purpose of the Operation:

The Trade Finance Facility is used to finance sub-loans for the purpose of extending short- term pre-shipment and/or post shipment export and/or import financing to customers in Georgia who export goods to all countries or import goods from BSTDB member countries.

Countries of Operation:

Georgia (100,00 %)

Financial Product:

Trade Finance

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

TBC Bank

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. As an existing Client of the Bank the Borrower is required to: remain compliant at all times with local and BSTDB EHS requirements, including the Negative List; undertake environmental assessment of its sub-loans with high and medium risk and ensure their monitoring; and submit annual EHS performance reports.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org