PROJECT

Projects

Summary of Investment Information

Project Number

36683

Company Name

Bank Republic JSC

Date SPI Disclosed

Jun 29, 2015

Country

Georgia

Region

Europe

Projected Board Date

Jul 31, 2015

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Aug 25, 2021

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Aug 5, 2015
Signed : Sep 14, 2015
Invested : Oct 8, 2015

Sector

Commercial Banking - SME Finance

Project Description

The proposed transaction would consist of up to US$30 million senior loan to Bank Republic (The “Bank”), a Georgian subsidiary of Société Générale, France (SG) aimed at improving access to finance to Georgian SMEs. A senior loan has a proposed tenor of up to 5 years, with 1 year grace period. The project will provide term financing for the Bank to expand its lending to SME segment

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation