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
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
