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    Signature(s)

    Amount
    € 75,000,000
    Countries
    Sector(s)
    Georgia : € 75,000,000
    Credit lines : € 75,000,000
    Signature date(s)
    11/12/2020 : € 25,000,000
    17/12/2019 : € 50,000,000

    Summary sheet

    Release date
    1 October 2019
    Status
    Reference
    Signed | 17/12/2019
    20190019
    Project name
    Promoter - financial intermediary
    BANK OF GEORGIA - LOAN FOR SMES AND MID-CAPS II
    JSC BANK OF GEORGIA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 75 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    The project consists of a loan dedicated to finance eligible local SMEs and Mid-Caps through Bank of Georgia.

    The project will enhance access to finance to the target beneficiaries and support local private sector development.

    Environmental aspects
    Procurement

    The EIB will require the intermediary institution to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Bank of Georgia financing will comply with national legislation and the ElB's Environmental and Social Standards.

    The intermediary institution will be required to take all the requisite measures to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with EIB Guide to Procurement and the relevant applicable EU public procurement rules.

    Under ELM Guarantee

    This operation is covered by the ELM Political Risk Guarantee.

    Disclaimer

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

    News & Stories

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