Published on Asian Development Bank (http://www.adb.org)

Georgia: Senior Loan for TBC Bank to Promote Financial Sector Growth and Service Diversity

15 Jan 2013 - The Asian Development Bank (ADB) has approved the following senior loan:

Description:
Briefs Intro: 
The Asian Development Bank (ADB) has approved the following senior loan:

The loan will help TBC, the second largest bank in Georgia, to boost its service outreach to micro, small- and medium-sized enterprises in the underserved rural regions outside of the capital Tbilisi. At present, 78% of all bank loans in the country are in Tbilisi. The loan will be supported by two technical assistance grants to improve TBC’s outreach to SME clients, and to help the National Bank of Georgia review the private commercial banks’ internal capital adequacy assessment processes in line with Basel II standards.

Amount: 
$50 million from ADB’s ordinary capital resources
Project ID: 
46925-014
Project URL: 
http://www.adb.org/projects/46925-014/main
Country: 
Georgia
Subject: 
ADB funds and products
Subject: 
Loans
Subject: 
Ordinary Capital Resources
Subject: 
Finance
Board Approval Date: 
15 Jan 2013
15 Jan 2013
Year: 
2013
Feature
no
Amount: $50 million from ADB’s ordinary capital resources

Project ID: 46925-014

For more information: http://www.adb.org/projects/46925-014/main
Source URL: http://www.adb.org/news/briefs/georgia-senior-loan-tbc-bank-promote-financial-sector-growth-and-service-diversity