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    Signature(s)

    Amount
    € 22,639,287.64
    Countries
    Sector(s)
    Georgia : € 22,639,287.64
    Credit lines : € 22,639,287.64
    Signature date(s)
    25/05/2016 : € 22,639,287.64

    Summary sheet

    Release date
    21 September 2015
    Status
    Reference
    Signed | 25/05/2016
    20150441
    Project name
    Promoter - financial intermediary
    JSC BANK REPUBLIC LOAN FOR SMES AND MIDCAPS
    JSC BANK REPUBLIC
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 23 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    The loan is dedicated to the financing of SMEs and Mid-Caps engaging in trade and commerce in Georgia.

    The proposed operation aims to provide attractive financing to SMEs and Mid-Caps in Georgia engaging in trade and commerce.

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national legislation, EU legislation or EIB standards and principles, as appropriate.

    Final beneficiaries will be requested to comply with applicable national legislation, EU legislation or EIB standards and principles, as appropriate.

    Under ELM Guarantee
    Comments

    This operation is covered by the ELM Political Risk Guarantee.

    This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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