📋 Tender Overview
Location:
Georgia
Project number:
55952
Business sector:
Financial institutions
Notice type:
Private
Environmental category:
FI
Approval date:
09 Apr 2025
Status:
Exploratory
English-language PSD published:
10 Mar 2025
Project Description
A senior unsecured loan to JSC TBC Bank ("TBC") in the amount of up to USD 120 million equivalent in local currency for on-lending to private micro, small and medium enterprises ("MSMEs") in Georgia. The loan will be provided in two tranches: first tranche of USD 70 million (committed) and second tranche of USD 50 million (uncommitted).
Project Objectives
The project will enhance access to finance for local private MSMEs, expanding regional outreach, promoting local currency lending, and allocating 30% to support green investments.
Transition Impact
ETI score: 60
The project supports the following transition qualities:
Competitive: The bank will expand its MSME portfolio, with a focus on reaching regional clients and attracting new customers.
Green: 30% of the proceeds from EBRD's investment will be allocated to green investments.
Client Information
TBC BANK JSC
TBC Bank ("TBC") is a leading universal bank in Georgia, holding over one-third of the market share in total banking assets, loan, and deposit portfolios. TBC offers a comprehensive range of products and services, including FX transactions, non-financial business development support, and specialized financial solutions such as leasing, brokerage, and investment banking through its subsidiaries. Serving retail, corporate and MSME clients, TBC operates an extensive distribution network of more than 150 branches and digital channels.
EBRD Finance Summary
USD 120,000,000.00
Total Project Cost
USD 120,000,000.00
Additionality
Key sources of additionality under the project are:
Financing Structure: EBRD offers medium to long term local currency financing not widely available in the market.
Innovative financing structures and/or instruments: EBRD offers an innovative green finance instrument that integrates aspects such as climate and environmental, social and governance (ESG) standards and/or climate and ESG risk considerations into the financing structure.
Knowledge, innovation and capacity building: EBRD provides expertise, innovation, knowledge and/or capabilities that are material to the timely realisation of the project's objectives, including support to strengthen the capacity of the client.
Standard-setting: helping projects and clients achieve higher standards: Client seeks/makes use of EBRD expertise on higher financial standards, including through financial covenants.
Environmental and Social Summary
Categorised FI (ESP 2019). TBC Bank, a long-standing client, has demonstrated satisfactory environmental and social (E&S) performance under its past and current exposure. TBC Bank has a well-established framework of policies and procedures for managing key aspects under
