41920-014: GEO: SENIOR LOAN TO JOINT STOCK COMMERCIAL BANK OF GEORGIA

Project Data Sheet (PDS): Overview


Description

The proposed transaction will provide a US dollar denominated senior loan of up to $25 million for up to 3 years to Bank of Georgia (BoG) for onlending to small and medium-sized enterprises (SMEs) in Georgia. The ADB loan is contemplated to be part of a $125 million term loan provided by ADB and Citibank as coarrangers. Citibank is underwriting $100 million. The proposed ADB loan is ADB's first transaction in Georgia since the country jointed ADB as a new member in February 2007. Read More

Country Georgia
Borrower/Equity Investment Name BANK OF GEORGIA
Project Number 41920-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7260
Approval Date 02 Aug 2007
Closing Date 05 Sep 2007
Geographical Location Georgia
Sector / Subsector Classification Finance
/ Banking Systems
Safeguard Categories Environment: C
Resettlement: C
Indigenous People: C

 

 

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Project Data Sheets (PDS)

Responsible ADB Officer
Rainer Hartel
Request for information

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Capital Markets and Financial Sectors Division

PDS Creation Date
26 Jun 2007

Last PDS Update
29 Jun 2007

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