| Project Detail |
Location:
Georgia
Project number:
53439
Business sector:
Financial institutions
Notice type:
Private
Environmental category:
FI
Approval date:
02 Aug 2022
Status:
In Exploratory, Pending Final Review
PSD disclosed:
04 Aug 2022
Senior unsecured loan in the amount of up to USD 20 mln equivalent in GEL to be provided to TBC Bank to support investment financing for micro, small and medium sized enterprises ("MSMEs") in Georgia, and promote EU standards in the market under the Eastern Partnership SME Competitiveness ("EaP SMEC") Programme, a successor to the DCFTA Programme, for sustainable investments in technology and equipment.
Project Objectives
The project will enable the bank to finance medium to long-term investments of Georgian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental protection, enhancing their competitiveness locally and regionally. The Project aims to deliver at least 75% of sub-loans complying with EBRD Green Economy Transition (GET) approach. |
