Project description
and objectives:
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The proposed project consists of a senior syndicated loan of up to USD 17
million of an A/B structure (B-Loan to be syndicated) to TBC Bank, a leading
Georgian commercial bank for on-lending to its private sector business
customers.
The facility will support the diversification of TBC’s funding and the
expansion of its SME and corporate client base in Georgia.
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Transition impact:
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The project will have a significant transition impact in the following areas:
The first loan borrowed on the international syndicated loans market by a
Georgian company would provide positive demonstration effect by demonstrating
that commercial financing of banks is achievable in Georgia.
The syndicated loan provided to TBC Bank will help the bank to diversify its
funding base and open a possibility for TBC Bank to attract funding directly
from the commercial debt markets in the future.
Supporting the development of the private companies and banking sector in
Georgia by increasing medium-term financing to the productive sector of the
economy through domestic banks thereby facilitating the strengthening of the
domestic production.
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The client:
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TBC Bank headquartered in Tbilisi is a leading commercial bank and the largest
lender to small and medium size enterprises in Georgia through 11 branches
across the country.
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EBRD finance:
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A senior term loan of up to USD 17 million, with an A/B structure, B loan to
be syndicated.
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Total project cost:
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USD 17 million.
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Environmental impact:
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TBC Bank will be required to comply with EBRD’s Environmental Procedures for
local banks, including ensuring compliance with the applicable national
environmental, health, safety and labor standards and regulations, adherence
with EBRD’s Environmental Exclusion and Referral Lists and submission of
annual environmental reports to the Bank.
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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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Mr Zezva Tsiskarishvili, Deputy General Manager
Fax: +44 20 7338 7380
Tel: +995 32 777 000
Fax:
+995 32 222 04 06
E-mail: zezva@tbcbank.com.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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