PROJECT

Projects

Summary of Investment Information

Project Number

33007

Company Name

Bank Republic JSC

Date SPI Disclosed

Apr 18, 2013

Country

Georgia

Region

Europe

Projected Board Date

May 17, 2013

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Aug 25, 2021

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : May 30, 2013
Signed : Sep 4, 2013
Invested : Apr 4, 2014

Sector

Commercial Banking - Housing Finance

Project Description

The proposed transaction would consist of up to US$20 million senior loan to Bank Republic (The “Bank”), a Georgian subsidiary of Société Générale, France (SG) to finance its mortgage lending. A senior loan has a proposed tenor of up to 10 years, with 2 year grace period, to make mortgages more affordable in Georgia. This facility will contribute to further development of Georgian mortgage market through financing local banks with much needed longer term funds.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation