Release date: 22 September 2023
Promoter – Financial Intermediary
TBC BANK JSCLocation
Description
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.
Objectives
The aim is to enhance access to finance in the local currency to the target beneficiaries.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 120 million
Total cost (Approximate amount)
not applicable
Environmental aspects
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.
Procurement
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.
Status
Signed - 8/12/2023
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).