Project description
and objectives:
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The proposed project consists of an investment in TBC Leasing shares and a
senior loan to the Company to support the growth of its leasing operations.
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Transition impact:
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Significant transition impact is expected in the following areas:
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support of the development of the embryonic Georgian leasing sector;
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promoting increased financial intermediation; and
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support of the Georgian SME sector development.
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The client:
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TBC Leasing, a specialised leasing subsidiary of TBC Bank established in 2003,
is a leading leasing company in Georgia.
TBC Bank headquartered in Tbilisi is the largest by assets universal
commercial bank in Georgia.
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EBRD finance:
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A senior loan of up to USD 3 million and investment to acquire TBC Leasing
shares.
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Total project cost:
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Approximately USD 3.1 million.
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Environmental impact:
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Screened FI.
TBC Leasing and its lessees will be required to comply with EBRD’s
Environmental Procedures for Intermediated Finance for Leasing, including
ensuring compliance with the applicable national environmental, health, safety
and labour regulations and standards, adherence with EBRD’s Environmental
Exclusion and Referral Lists and submission of annual environmental reports to
the Bank. TBC Leasing shall nominate a member of the senior management
responsible for implementation of the environmental procedures.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Ms Tea Lordkipanidze, General Director
Tel: +995 32 272734
Fax: +995 32 272729
E-mail: thea@tbcleasing.ge
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EBRD contact:
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Madina Sakbaeva, Operation Leader: sakbaevm@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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