Project description
and objectives:
|
The proposed new SME credit line is aimed to enable TBC Bank to increase its
medium-term lending to small and medium sized enterprise sector.
|
Transition impact:
|
-
Further promotion of the SME development in the country. By supporting TBC
Bank and increasing the term funding available to the SME sector, which has a
higher growth rate, the EBRD contributes to private sector development in
Georgia. This leads to increased competition and entrepreneurship promotion.
-
Assistance in further development of one of Georgia’s leading banks. It is
important for the EBRD to support a bank, which has been enjoying a healthy
reputation in this early transition market.
|
The client:
|
TBC is one of Georgia’s largest banks with an asset base of USD 215 Million.
TBC is a universal bank providing a variety of banking products and services
to its customers, including financing of SMEs and micro-enterprises.
|
EBRD finance:
|
EBRD financing will consist of a USD 10 million six-year SME senior loan.
|
Total project cost:
|
USD 10 million.
|
Environmental impact:
|
TBC Bank will be required to comply with EBRD’s environmental requirements for
local banks which include the Bank’s Environmental Exclusion and Referral
List. Sub-borrowers will be required to comply, at a minimum, with national
standards for environment, health, safety and worker protection. TBC Bank will
be required to provide EBRD with an annual environmental report containing
summary information on sub-projects with an indication of the assigned
environmental risks category and information on the bank’s implementation of
the environmental procedures.
|
Technical
cooperation:
|
The first TC project with TBC started in 1996 and consisted in a two year
technical assistance covering credit, asset and liability management and
commercial activities. A follow-up TC assignment (also available to other
banks) supported the continued implementation of these measures.
Currently a new TC project is in place to support TBC Bank in the selection
and implementation of a new MIS system and a core Banking software.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
|
Company contact:
|
Zezva Tsiskarishvili, Deputy General Director.
7 Marjanishvili Street,
0102 Tbilisi
Georgia
Tel: 995 32 777 000.
Fax: 995 32 773 774.
Website: http://www.tbcbank.com.ge
|
EBRD contact:
|
Madina Sakbaeva, Operation Leader: sakbaevm@ebrd.com
|
Business opportunities:
|
For business opportunities or procurement, contact the client company.
|
General enquiries:
|
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
|
