Project description
and objectives:
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Acquisition of a 10% stake in Bank Republic.
The proposed acquisition will support the bank’s projected growth.
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Transition impact:
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Bank Republic will benefit from an intensive development programme aimed at
increasing the bank’s efficiency and compliance with best international
banking practices.
EBRD’s equity investment will strengthen the capitalisation of the bank and
add to the overall lending and service providing capability of Bank Republic.
This would foster competition in the Georgian financial services market and
would also enable Bank Republic to attract funding from commercial lenders.
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The client:
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Bank Republic is a privately owned universal commercial bank, the sixth
largest in Georgia in terms of total assets.
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EBRD finance:
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tbc
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Total project cost:
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tbc
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Environmental impact:
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Bank Republic will be required to comply with EBRD’s Environmental Procedures
for equity investments, including ensuring compliance with the applicable
national environmental, health, safety and labour standards and submission of
annual environmental reports to the Bank.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Mr Lado Sakvarelidze
Director, Resources Management and Strategic Development
Bank Republic
2 Gr. Abashidze St,
0179 Tbilisi, Georgia
Telephone: +995 32 925555
E-mail: Info@republic.ge
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EBRD contact:
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Marie-Alexandra Veilleux, Operation Leader: veilleum@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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