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Signature(s)

Amount
€ 120,000,000
Countries
Sector(s)
Georgia : € 120,000,000
Credit lines : € 120,000,000
Signature date(s)
30/12/2024 : € 25,000,000
30/12/2024 : € 25,000,000
8/12/2023 : € 30,000,000
8/12/2023 : € 40,000,000

Summary sheet

Release date
22 September 2023
Status
Reference
Signed | 08/12/2023
20220507
Project name
Promoter - financial intermediary
TBC BANK LOAN FOR INCLUSIVE & GREEN FINANCE
TBC BANK JSC
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 120 million
not applicable
Location
Sector(s)
Description
Objectives

The project consists in a loan to TBC Bank to support eligible small and medium-sized enterprises (SMEs) and midcaps in Georgia. Part of the available funding will be dedicated to green and gender equality investments.

The aim is to enhance access to finance in the local currency to the target beneficiaries.

Environmental aspects
Procurement

The EIB will require TBC Bank (the intermediary) to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries will comply with the national legislation, the ElB's Environmental and Social Standards as well as international treaties and conventions signed and ratified by or otherwise applicable and binding in the country.

The intermediary will be required to take all requisite measures to ensure that any procurement procedures carried out by final beneficiaries are in accordance with the EIB's Guide to Procurement and the applicable EU public procurement rules.

Milestone
Under appraisal
Approved
Signed
24 October 2023
8 December 2023
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).

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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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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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