📋 Tender Overview
Identification Code:
OP/24/0023
Total Operation Cost:
15.000.000
Maturity:
48 months
Operation Status:
BSTDB Approved Amount
15.000.000 USD
Approval Date
26 Nov 2024
BSTDB Signed Amount
15.000.000 USD
Signed Date
28 Nov 2024
Status:
Active
Description and Purpose of the Operation:
Basisbank SME V
Countries of Operation:
Georgia (100,00 %)
Financial Product:
SME's
Sector:
Financial Institutions
Domain:
Private
Borrower/Client:
5th SME Loan Facility to JSC Basisbank Georgia
Co-Financiers/Participants:
n/a
Guarantors/Sponsors:
n/a
Developmental and Regional Cooperation Impact:
This operation involves a US$ 15mn lending facility with JSC Basisbank, for on-lending to eligible small and medium sized enterprises (SMEs). It is expected to have modest but favorable economic benefits for the Georgian economy, the most relevant being additional tax revenue gains from increased economic activity resulting from the financing provided, increases in employment, and multiplier effects for other parts of the economy. The regional cooperation element is likely to be nil, as most of the beneficiary SMEs are likely to be mainly oriented to the domestic market.
Environmental Classification and Impact (summary):
The Borrower has a functioning Environmental and Social Management System (ESMS) consisting of E&S Risk Management Instruction. It establishes processes for identifying, assessing, managing, mitigating and reporting material environmental and social risks across Basisbank’s businesses loan portfolio. Environmental and social risk issues covered by the E&S Policy include occupational health and safety, labor and employment practices, human rights, resource efficiency, pollution prevention, biodiversity and cultural heritage.
Operation Leader:
Financial Institutions I
E-mail:
fi1@bstdb.org
