TBC Bank

Location:

Georgia

Project number:

39803

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

10 Mar 2009

Status:

Signed

PSD disclosed:

19 Dec 2008

Project Description

The EBRD is considering a GEL 14 million follow-on equity investment in TBC as part of the bank’s capital increase of up to GEL 70 million. The majority of existing sharedholders will participate on a pro-rata basis. The capital increase will be in addition to the original equity investment made in 2009. The continued support will enable TBC to deliver its growth strategy.

Transition Impact

The transition impact of the equity investment stems from the reinforcement of the transition impact objectives set at the time of the initial equity investment in 2009 in the demonstration of successful restructuring and market expansion. Continued support to TBC will enable the institution to implement its growth strategy thereby increasing access to finance particularly to the SME and microfinance sectors.

The Client

TBC Bank, a universal bank, is the second largest Bank operating in Georgia.

EBRD Finance

Up to GEL 14 million (USD 8.5 million equivalent) purchase of newly issued shares, as part of TBC’s capital increase of up to GEL 70 million (USD 42.4 million).

Project Cost

GEL 14 million (USD 8.5 million equivalent).

Environmental Impact

Screened FI.

Technical Cooperation

None

Company Contact

Mariam Megvinetukhutsesi, Head of Corporate Banking
TBC Bank
6, Marjanishvili Street
0102 Tbilisi
Georgia

Telephone: +995 32 272727
Email: mariamm@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

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.

Share this page: