PROJECT

Projects

Summary of Investment Information

Project Number

36640

Company Name

JSC BANK OF GEORGIA

Date SPI Disclosed

Mar 20, 2015

Country

Georgia

Region

Europe

Projected Board Date

May 15, 2015

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jul 17, 2022

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : May 19, 2015
Signed : May 29, 2015
Invested : Jun 29, 2015

Sector

Commercial Banking - General

Project Description

The proposed investment consists of an up to US$90 million subordinated loan to Bank of Georgia (“BoG” or “the Bank”), with up to US$ 50 million to be provided by IFC and up to US$ 40 million by B Lenders/Parallel Lenders. The objective of the loan is to support the largest systemic bank in Georgia with a Tier 2 capital which will help the Bank to maintain its sustainable growth and secure capital cushion in anticipation of the introduction of new capital regulatory requirements in Georgia.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation