PROJECT

Projects

Summary of Investment Information

Project Number

40613

Company Name

ISBANK GEORGIA JSC

Date SPI Disclosed

Nov 7, 2018

Country

Georgia

Region

Europe

Projected Board Date

Dec 15, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Sep 20, 2025

Department

Regional Industry - FIG - ECA

Industry

Financial Markets

Previous Events

Approved : Apr 17, 2019
Signed : Sep 2, 2020
Invested : Nov 3, 2020

Sector

Commercial Banking - General

Project Description

A senior loan of up to US$ 10 million to JSC Isbank Georgia (the “Bank”), a fully owned subsidiary of the largest private Turkish bank, Türkiye Is Bankasi A.S. (“Isbank”). The purpose of the loan is for on-lending to SMEs (the “Project”). The proposed Project would foster competition and improving access to finance to SMEs in Georgia.

Associated Advisory Engagement

IFC advisory team is reviewing the Bank’s strategy and approach to expand into SME segment and will be advising on the appropriate business model to ensure sustainability of the Bank’s operations and help the institution to stay competitive. This initial review exercise to lead to a more comprehensive advisory engagement.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation