FIF - TBC Bank SME Loan II

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

A senior unsecured loan to JSC TBC Bank ("TBC") in the amount of up to USD 120 million equivalent in local currency for on-lending to private micro, small and medium enterprises ("MSMEs") in Georgia. The loan will be provided in two tranches: first tranche of USD 70 million (committed) and second tranche of USD 50 million (uncommitted).

Project ID 55952

Status Passed Final Review, Pending Approval

Location

Georgia

Business Sector

Financial Institutions

Notice Type

Private

PSD translation (Georgian) (PDF, 0.13MB)

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Company Contact Information

Ketevan Bitskinashvili
TBC-IFM@tbcbank.com.ge
+(995 32) 227 27 27
https://tbcbankgroup.com/
7 Marjanishvili St. Tbilisi, Georgia 0102

Project ID 55952

Status Passed Final Review, Pending Approval

Location

Georgia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

09 Apr 2025

Disclosure date

10 Mar 2025

PSD translation (Georgian) (PDF, 0.13MB)

Project Description

Project Objectives

The project will enhance access to finance for local private MSMEs, expanding regional outreach, promoting local currency lending, and allocating 30% to support green investments.

Transition Impact

ETI score:60

project supports the following transition qualities:

Competitive: The bank will expand its MSME portfolio, with a focus on reaching regional clients and attracting new customers.

Green: 30% of the proceeds from EBRD's investment will be allocated to green investments.

Client Information

TBC BANK JSC

TBC Bank ("TBC") is a leading universal bank in Georgia, holding over one-third of the market share in total banking assets, loan, and deposit portfolios. TBC offers a comprehensive range of products and services, including FX transactions, non-financial business development support, and specialized financial solutions such as leasing, brokerage, and investment banking through its subsidiaries. Serving retail, corporate and MSME clients, TBC operates an extensive distribution network of more than 150 branches and digital channels.

EBRD Finance Summary

USD 120,000,000.00

Total Project Cost

USD 120,000,000.00

Additionality

Key sources of additionality under the project are:

Financing Structure: EBRD offers medium to long term local currency financing not widely available in the market.

Innovative financing structures and/or instruments: EBRD offers an innovative green finance instrument that integrates aspects such as climate and environmental, social and governance (ESG) standards and/or climate and ESG risk considerations into the financing structure.

Knowledge, innovation and capacity building: EBRD provides expertise, innovation, knowledge and/or capabilities that are material to the timely realisation of the project's objectives, including support to strengthen the capacity of the client.

Standard-setting: helping projects and clients achieve higher standards: Client seeks/makes use of EBRD expertise on higher financial standards, including through financial covenants.

Technical Cooperation and Grant Financing

The Project will be supported by a Technical Cooperation package funded by EBRD's Shareholder Special Fund ('SSF'), aimed at assisting TBC in the implementation of green projects, as well as ensuring effective reporting and monitoring of investments. The TC will raise awareness and build capacity among both, end borrowers and the participating financial institution, on sustainable energy investments, facilitating the adoption of best market practices, higher performance standards, and advanced technologies.

Company Contact Information

Ketevan Bitskinashvili
TBC-IFM@tbcbank.com.ge
+(995 32) 227 27 27
https://tbcbankgroup.com/
7 Marjanishvili St. Tbilisi, Georgia 0102

Implementation Summary

PSD Last Updated

10 Mar 2025

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, through the client’s project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the mechanism is: to support dialogue between project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or the project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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FIF - TBC Bank SME Loan II

Overview

Project timeline

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Additionality

Technical Cooperation and Grant Financing

Company Contact Information

Implementation Summary

PSD Last Updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)

FIF - TBC Bank SME Loan II

Overview

Company Contact Information

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Additionality

Environmental and Social Summary

Technical Cooperation and Grant Financing

Company Contact Information

Implementation Summary

PSD Last Updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)