Promoting Financial Sector Growth and Service Diversity

Date: December 2012
Country:
Subject:
Document Type: Reports and Recommendations of the President
Project Number: 46925-014

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Description

This report and recommendation of the president for the proposed senior loan to TBC Bank for Promoting Financial Sector Growth and Service Diversity in Georgia describes the terms and conditions for the approval of ADB's Board of Directors.

The investment will (i) improve access to financial services for micro, small, and medium-sized enterprises, and (ii) enhance resilience of Georgia’s banking system. More prudent financial intermediation by banks is expected to lead to greater consumer confidence. This will be reflected by an increase in bank deposits and loans, as well as an increase in the private credit to gross domestic product (GDP) ratio.