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

Project Data Sheet (PDS): Overview


Description

By providing additional funding to Bank of Georgia (BoG), ADB will be achieving its first objective of supporting the emerging banking sector. Second objective is to foster BoG's SME financing operations by providing part of the debt funding needed for its expansion in this particular sector. Third objective is to stretch the maturities of loans provided to top banks in Georgia. Through ADB acting with Citibank as co-arranger for this transaction, ADB is helping to catalyze foreign investment into the country. 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 Finance
Subsector 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.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

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

SEARCH/BROWSE PROJECTS