Bank Republic Equity

Location:

Georgia

Project number:

36901

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

05 Sep 2006

Status:

Complete

PSD disclosed:

07 Sep 2006

Project Description

Acquisition of a 10% stake in Bank Republic.

The proposed acquisition will support the bank’s projected growth.

 

Transition Impact

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.

 

The Client

Bank Republic is a privately owned universal commercial bank, the sixth largest in Georgia in terms of total assets.

EBRD Finance

tbc

Project Cost

tbc

Environmental Impact

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.

Technical Cooperation

None.

Company Contact

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

 

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

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Text of the PIP

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