Acquisition of a 10% stake in Bank Republic.
The proposed acquisition will support the bank’s projected growth.
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.
Bank Republic is a privately owned universal commercial bank, the sixth largest in Georgia in terms of total assets.
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.
Mr Lado Sakvarelidze
Director, Resources Management and Strategic Development
2 Gr. Abashidze St,
0179 Tbilisi, Georgia
Telephone: +995 32 925555
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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