TBC Bank SME Credit Line III



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

06 Sep 2005



PSD disclosed:

19 Jun 2005

Project Description

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

Transition Impact

  • 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 higher growth rate, the EBRD contributes to private sector development in Georgia. This leads to increased competition and entrepreneurship promotion.
  • Assistance in further development of one of Georgia’s leading banks. It is important for the EBRD to support a bank, which has been enjoying a healthy reputation in this early transition market.

The Client

TBC is one of Georgia’s largest banks with an asset base of USD 215 Million. TBC is a universal bank providing a variety of banking products and services to its customers, including financing of SMEs and micro-enterprises.

EBRD Finance

EBRD financing will consist of a USD 10 million six-year SME senior loan.

Project Cost

USD 10 million.

Environmental Impact

TBC Bank will be required to comply with EBRD’s environmental requirements for local banks which include the Bank’s Environmental Exclusion and Referral List. Sub-borrowers will be required to comply, at a minimum, with national standards for environment, health, safety and worker protection. TBC Bank will be required to provide EBRD with an annual environmental report containing  summary information on sub-projects with an indication of the assigned environmental risks category and information on the bank’s implementation of the environmental procedures.

Technical Cooperation

The first TC project with TBC started in 1996 and consisted in a two year technical assistance covering credit, asset and liability management and commercial activities. A follow-up TC assignment (also available to other banks) supported the continued implementation of these measures.

Currently a new TC project is in place to support TBC Bank in the selection and implementation of a new MIS system and a core Banking software.


Company Contact

Zezva Tsiskarishvili, Deputy General Director.
7 Marjanishvili Street,
0102 Tbilisi

Tel: 995 32 777 000.
Fax: 995 32 773 774.

Website: http://www.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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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