Cartu Bank
Georgia | Financial Institutions- Identification Code:
- OP/07/0633
- Total Operation Cost:
- — USD
- Maturity:
- 12 months
- Operation Status:
-
BSTDB Approved Amount – Approval Date3.000.000 USD – 25 Feb 20115.000.000 USD – 27 Jul 2007
-
BSTDB Signed Amount – Signed Date-8.000.000 USD – 11 Dec 20161.500.000 USD – 19 Sep 20073.000.000 USD – 21 Mar 20113.500.000 USD – 13 Feb 2008
-
Status:Cancelled
- Description and Purpose of the Operation:
- BSTDB extends a Trade Finance Facility (extension of existing TF Facility of USD 5,000,000 million. Total facility amount is USD 8,000,000 million) to be used by Cartu Bank for financing sub-loans for the purpose of extending short-term pre-shipment and/or post- shipment export and/or import financing to customers in Georgia who import goods from member countries and/or export goods to other member or non-member countries.
- Countries of Operation:
- Georgia (100,00%)
- Financial Product:
- Trade Finance
- Sector:
- Financial Institutions
- Domain:
- Private
- Borrower/Client:
- Cartu Bank was established in 1996 as a universal private bank. It is one of the largest banks in Georgia by total assets. The bank is actively expanding its client base and diversifying its services. Its primary business consists of commercial activities, operations with securities, foreign currencies, originating loans and guarantees.
- Co-Financers/Participants:
- —
- Guarantors/Sponsors:
- —
- Developmental and Regional Cooperation Impact:
- By working with Cartu Bank, BSTDB will be able to reach a larger number of companies in Georgia and contribute to increasing of intra-regional trade among member countries. This operation will complement BSTDB's trade finance program in Georgia, in addition to the trade finance facility implemented with other financial institutions in the country. In the interest of facilitating economic development in member countries, BSTDB wants to support local financial intermediaries, in this case Cartu Bank, and help this important sector of the economy grow.
- Environmental Classification and Impact:
- In order to reduce/avoid any Environmental, Health & Safety (EH&S) impacts that potentially may arise from trade finance activities FI shall follow the BSTDB's Negative List of Goods, including the Environmental Exclusion List, and subject domestic legal requirements, as well as make sure that the Beneficiaries fully comply with these requirements. The Borrower shall immediately notify the Bank of occurrence of any incident or accident relating to any underlying export or import transaction of which the Borrower is, or ought to be aware, and which is likely to adversely affect the state of environment, and/or human health and safety.
- Operation Leader:
- Financial Institutions I
- E-mail:
- fi1@bstdb.org
As of 28 Feb 2026
