PROJECT

Projects

Summary of Investment Information

Project Number

49555

Company Name

TBC BANK JSC

Date SPI Disclosed

Apr 22, 2024

Country

Georgia

Region

Europe

Projected Board Date

May 31, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Aug 4, 2024

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Jul 11, 2024
Signed : Jul 30, 2024
Invested : Aug 2, 2024

Sector

Commercial Banking - General

Project Description

The proposed investment to JSC TBC Bank (the Bank) comprises up to US$200 million or equivalent in EUR and/or GEL financing in the form of a senior loan with maturity of up to 5 years (the Project). The proceeds of the Project will be earmarked for financing small and medium enterprises (SMEs) with up to 40 percent of the proceeds dedicated to eligible renewable energy and energy-efficient climate projects.

Associated Advisory Engagement

 IFC’s Advisory team will support TBC through an advisory project to build knowledge and further strengthen technical capacity in climate finance.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation