46925-014: PROMOTING FINANCIAL SECTOR GROWTH AND SERVICE DIVERSITY

Project Data Sheet (PDS): Overview


Description

The ADB assistance is a senior loan to TBC Bank of $50 million with a tenor of five years. TBC Bank will use the proceeds to diversify its exposure to Georgia's regions outside the capital Tbilisi by (i) increasing lending to micro small and medium sized enterprises including farms; (ii) providing enhanced access to longer-term finance for the MSMEs in support of regional income and employment; and (iii) gradually fund smaller entities, thereby supporting diversification of TBC's loan book, and reducing TBC's large exposures. TBC will utilize its retail, SME, and corporate platforms, as well as its subsidiary Bank Constanta microfinance lending platform. Read More

Country Georgia
Borrower/Equity Investment Name TBC BANK
Project Number 46925-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7379
Approval Date 14 Jan 2013
Closing Date 26 Feb 2015
Geographical Location Georgia's rural regions outside the capital, Tbilisi.
Sector / Subsector Classification Not yet classified
/ For Classification
Thematic Classification Not yet classified
Safeguard Categories Environment: FI
Resettlement: FI
Indigenous People: FI

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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)

Translated PDS

Responsible ADB Officer
Rainer Hartel
Email contact

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Private Sector Financial Institutions Division

PDS Creation Date
14 Nov 2012

Last PDS Update
27 Sep 2013

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