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Supporting the SME financing activity of Georgia’s leading bank

Project

Financial services
Signature date
Location
Georgia
Financing tool
Loan
Financing amount (Euro)
43917435
Financing details
USD 50m loan
Customer
JSC TBC BANK
Type of customer
Financial institution
Country of headquarters
Georgia
Project number
PGE1032
Environmental and social ranking
IF-A
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This information is given at the time of signature, without prejudice to any developments in the operation/project.

Proparco and TBC are stepping up their partnership to support Georgia’s SME fabric, following a first partnership initiated in 2012.

Client presentation

JSC TBC Bank (TBC) is a major banking player in the Caucasus region and contributes to supporting Georgia’s SME fabric affected by the Covid-19 crisis. TBC has developed extensive expertise in financing MSMEs in Georgia: the bank has a market share of up to 25% in this segment. It also offers innovative products, including loans for women entrepreneurs and loans for innovative companies, green investments and start-ups.

Project description

The operation involves a USD 50m credit line allocated to TBC, which will be earmarked to finance Georgian SMEs.

Project impact

The credit line allocated by Proparco will support:

  • Georgia’s economic development by financing over 1,600 SMEs, mainly operating in the hotel and leisure, agriculture and trade sectors;
  • 67,800 jobs over the next 5 years, mainly in the SMEs which will be financed.