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TBC Bank SME I

Georgia | Financial Institutions

Identification Code:: OP/05/0535
Total Operation Cost:: — USD
Maturity:: 36 months
Operation Status:: BSTDB Approved Amount – Approval Date

5.000.000 USD – 15 Apr 2006
: BSTDB Signed Amount – Signed Date

5.000.000 USD – 31 Jul 2006
: Status:
Completed
Description and Purpose of the Operation:: BSTDB extends an SME Loan Facility to TBC in order to finance sub-loans to small and medium sized enterprises in Georgia.
Countries of Operation:: Georgia (100,00%)
Financial Product:: SME's
Sector:: Financial Institutions
Domain:: Private
Borrower/Client:: TBC Bank is one of the best performing banks in Georgia by total assets, loans and deposits, as well as experience with international institutions. TBC was established in 1992 to serve the needs of the TBC Group, a diversified industrial group. TBC Bank enjoys an excellent reputation locally for professionalism and focus on customer service.
Co-Financers/Participants:: —
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: Due to the Bank's well established market presence and strong support from its shareholders, the Facility represented and excellent mechanism for BSTDB to extend medium term funding to numerous small and medium sized enterprises in Georgia. Moreover, BSTDB has achieved the institutional development of TBC, resulting in further business growth, improved liquidity and client service. Moreover, medium term funding of capital expenditures of Georgia’s SMEs has been achieved, and finally there was job creation, income generation, improved company infrastructure and increased trade turnover.
Environmental Classification and Impact:: TBC Bank is a credible entity in dealing with EH&S issues of its sub- loans. Its well-established environmental policy is supported by a functioning environmental procedure, and is fully integrated in the overall portfolio management. TBC Bank is a credible entity in dealing with EH&S issues of its sub- loans. Its well-established environmental policy is supported by a functioning environmental procedure, and is fully integrated in the overall portfolio management.
Operation Leader:: Financial Institutions I
E-mail:: fi1@bstdb.org