TBC Bank - Syndicated Loan

Location:

Georgia

Project number:

36420

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

15 Nov 2005

Status:

Completed

PSD disclosed:

14 Oct 2005

Project Description

The proposed project consists of a senior syndicated loan of up to USD 17 million of an A/B structure (B-Loan to be syndicated) to TBC Bank, a leading Georgian commercial bank for on-lending to its private sector business customers.

 

The facility will support the diversification of TBC’s funding and the expansion of its SME and corporate client base in Georgia.

 

Transition Impact

The project will have a significant transition impact in the following areas:

 

The first loan borrowed on the international syndicated loans market by a Georgian company would provide positive demonstration effect by demonstrating that commercial financing of banks is achievable in Georgia.

 

The syndicated loan provided to TBC Bank will help the bank to diversify its funding base and open a possibility for TBC Bank to attract funding directly from the commercial debt markets in the future.

 

Supporting the development of the private companies and banking sector in Georgia by increasing medium-term financing to the productive sector of the economy through domestic banks thereby facilitating the strengthening of the domestic production.

 

The Client

TBC Bank headquartered in Tbilisi is a leading commercial bank and the largest lender to small and medium size enterprises in Georgia through 11 branches across the country.

EBRD Finance

A senior term loan of up to USD 17 million, with an A/B structure, B loan to be syndicated.

Project Cost

USD 17 million.

Environmental Impact

TBC Bank will be required to comply with EBRD’s Environmental Procedures for local banks, including ensuring compliance with the applicable national environmental, health, safety and labor standards and regulations, adherence with EBRD’s Environmental Exclusion and Referral Lists and submission of annual environmental reports to the Bank.

Technical Cooperation

None.

Company Contact

Mr Zezva Tsiskarishvili, Deputy General Manager

Fax: +44 20 7338 7380
Tel: +995 32 777 000
Fax: +995 32 222 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

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