Financed ProjectsBasisbank, SME 3Basisbank, SME 3

Identification Code:

OP/21/0011

Total Operation Cost:

0

Maturity:

36 months

Identification Code:

OP/21/0011

Total Operation Cost:

0

Maturity:

36 months

Operation Status:

Description and Purpose of the Operation:

2nd dual currency medium-term SME Loan Facility to support Basisbank’s activities in financing eligible SMEs in Georgia and contribute to SME sector development in the country.

Countries of Operation:

Georgia (100,00 %)

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

JSC Basisbank,Georgia

Co-Financiers/Participants:

n/a

Guarantors/Sponsors:

n/a

Developmental and Regional Cooperation Impact:

The new operation with JSC Basisbank involves a loan for on-lending to eligible small and medium sized enterprises (SMEs) that is expected to have modest but favorable economic benefits for the Georgian economy. The most relevant being additional tax revenue gains from increased economic activity resulting from the financing provided, increases in employment, and multiplier effects for other parts of the economy.

Environmental Classification and Impact (summary):

For the purpose of this Operation Basisbank will be required to continue to adhere to the established internal rules and procedures for environmental and social risk assessment; remain compliant with subject national legislation in effect; observe the BSTDB Environmental and Social Exclusion List; and submit annual environmental and social performance reports.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

JSC Basisbank,Georgia

Co-Financiers/Participants:

n/a

Guarantors/Sponsors:

n/a

Developmental and Regional Cooperation Impact:

The new operation with JSC Basisbank involves a loan for on-lending to eligible small and medium sized enterprises (SMEs) that is expected to have modest but favorable economic benefits for the Georgian economy. The most relevant being additional tax revenue gains from increased economic activity resulting from the financing provided, increases in employment, and multiplier effects for other parts of the economy.

Environmental Classification and Impact (summary):

For the purpose of this Operation Basisbank will be required to continue to adhere to the established internal rules and procedures for environmental and social risk assessment; remain compliant with subject national legislation in effect; observe the BSTDB Environmental and Social Exclusion List; and submit annual environmental and social performance reports.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org