TBC Kredit MSME
Azerbaijan | Financial Institutions- Identification Code:
- OP/12/0057
- Total Operation Cost:
- — USD
- Maturity:
- 36 months
- Operation Status:
-
BSTDB Approved Amount – Approval Date4.000.000 USD – 26 Apr 2013
-
BSTDB Signed Amount – Signed Date4.000.000 USD – 14 Jun 2013
-
Status:Completed
- Description and Purpose of the Operation:
- BSTDB provides the USD 4 million medium-term SME Facility (SMEF) to support TBC Kredit's activities in financing eligible SMEs in Azerbaijan. By working with TBC Kredit, BSTDB will be able to reach a larger number of SMEs in Azerbaijan and contribute to the increase of non-oil sector business in the country.
- Countries of Operation:
- Azerbaijan (100,00%)
- Financial Product:
- SME's
- Sector:
- Financial Institutions
- Domain:
- Private
- Borrower/Client:
- TBC Kredit LLC
- Co-Financers/Participants:
- —
- Guarantors/Sponsors:
- —
- Developmental and Regional Cooperation Impact:
- This operation is expected to have modest but favorable economic benefits for the Azerbaijani economy, the most relevant being additional tax revenue gains from increased economic activity. The Facility will help further enhance benefits such as increases in employment, increase in export capacity and competitiveness, and multiplier effects for other parts of the economy. The regional cooperation element is positive but given the small amounts involved is modest. First, the operation involves the Azerbaijani subsidiary of a Georgian bank so it promotes inter-regional investment. Second there will be some regional cooperation benefits resulting from the activities of the SMEs receiving financing from this facility. Other BSTDB countries are important trade partners for Azerbaijan so to the extent these SMEs either import inputs from BSTDB countries or engage in export activities, there will be positive impact.
- Environmental Classification and Impact:
- TBC Kredit will be required to continue to adhere to the established internal rules and procedures for environmental and social risk assessment; remain compliant with national environmental legislation in effect; observe the BSTDB Negative List of Products and Services; and submit annual environmental performance report. TBC Kredit will be required to continue to adhere to the established internal rules and procedures for environmental and social risk assessment; remain compliant with national environmental legislation in effect; observe the BSTDB Negative List of Products and Services; and submit annual environmental performance report.
- Operation Leader:
- Financial Institutions I
- E-mail:
- fi1@bstdb.org
As of 28 Feb 2026
