Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

16 Dec 2003



PSD disclosed:

13 Nov 2003

Project Description

The proposed new SME credit line is aimed to enable TBC Bank to increase its medium-term lending to the small and medium sized enterprise sector in Georgia.

Transition Impact

The proposed transaction will contribute to transition by:
  • 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 high growth rate, the EBRD contributes to private sector development in Georgia. This leads to increased competition and promotion of entrepreneurship .
  • Assising the further development of one of Georgia's major banks. It is important for the EBRD to support a strong bank, which has been enjoying healthy reputation in an early transition market.

The Client

TBC Bank is one of Georgia's leading banks with the largest asset base of US$ 135 Million. TBC is a universal bank providing a variety of banking products and services to its customers, including financing of SMEs, in which TBC is a leader among Georgian Banks, covering lending to 40% of Georgian SMEs.

EBRD Finance

EBRD financing will consist of a loan of US$ 6 million for six years including a grace period of two years.

Project Cost

US$ 6 million senior loan.

Environmental Impact

TBC will be required to continue to comply with the EBRD's Environmental Procedures for SMEs, including adherence to EBRD's Environmental Exclusion List, compliance with applicable Georgian environmental, health and safety legislation and submission of Annual Environmental Reports to the EBRD.

Technical Cooperation


Company Contact

Mr. Zezva Tsiskarishvili, Deputy General Director
11 Chavchavadze Ave, Tbilisi 
Georgia 0079
Phone: 995 32 25 16 41
Fax: 995 32 22 04 06
E-mail: zezva@tbcbank.com.ge

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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