PROJECT

Projects

Summary of Investment Information

Project Number

40689

Company Name

JSC BANK OF GEORGIA

Date SPI Disclosed

Oct 30, 2018

Country

Georgia

Region

Europe

Projected Board Date

Nov 30, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

May 16, 2025

Department

CF2S8 - Regional Industry - FIG - ECA/FIG Inv Operations - ECA

Industry

Financial Markets

Previous Events

Approved : Jan 30, 2019
Signed : Aug 1, 2019
Invested : Dec 27, 2019

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

  The Project consists of an investment up to GEL 200 million (not exceeding US$ 100 million equivalent) in Joint Stock Company Bank of Georgia (“the Bank”). The purpose of the proposed IFC investment is to support and expand the Bank’s lending program to small and medium enterprises (“SMEs”) in Georgia and at least 25 percent of proceeds will support the Bank’s lending operations to women-owned businesses.                                                 

Associated Advisory Engagement

           

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation