JSC TBC BANK
Status: Completed investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
TBC Bank became the largest bank in Georgia by all key metrics after the recent acquisition of Bank Republic in October 2016. The bank services over 1.8 million clients through a diversified multichannel platform that comprises 129 branches, one of the largest networks of ATMs and POS terminals in Georgia. TBC-Bank employs over 5,418 people across their operations.
What is our funding objective?
FMO’s funding will be used to sustain TBC-Banks growth in the Georgian SME-sector.
Why do we fund this investment?
Long term finance is still scarce in Georgia. With our funding TBC-Bank is able to service the growing SME-sector.
More investments
| Date | Total FMO financing |
|---|---|
| 8/3/2022 | GEL 300.00 MLN |
| 12/2/2020 | EUR 0.02 MLN |
| 11/27/2023 | GEL 103.00 MLN |
| 10/27/2020 | USD 40.00 MLN |
| 10/27/2020 | USD 17.50 MLN |
| 9/20/2019 | USD 5.00 MLN |
| 9/20/2019 | USD 10.00 MLN |
- Website customer/investment
- http://www.tbcbank.ge/web/ka
- Region
- Europe & Central Asia
- Country
- Georgia
- Sector
- Financial Institutions
- Effective date
- 12/21/2016
- End date
- 6/22/2021
- Total FMO financing
- USD 25.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B