JSC TBC Bank
Status: Completed investmentWhy disclosure?
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In case of questions
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 is one of the largest privately owned banks in Georgia. Consolidation of TBC-bank’s position in the SME market is underlined with their past successful acquisitions of Bank Constanta, Bank Republic and Pro Credit portfolio. TBC-bank is listed on the Premium Segment of the London Stock Exchange.
What is our funding objective?
With this GEL-loan, FMO supports the natural growth of the Bank's overall loan portfolio in local currency. It also contributes to minimize the forex risk for TBC-bank’s clients. FMO will contribute to the de-dollarization of Georgia’s highly dollarized economy.
Why do we fund this investment?
Due to an active de-dollarization policy of the Central Bank, there is a scarcity in the market for GEL. With this facility, FMO supports the Bank to access local currency funding. TBC-bank will use part of the funds in order to reduce inequalities in the segment of youth.
What is the Environmental and Social categorization rationale?
TBC-bank has been categorised as Category B in accordance with FMO’s Sustainability Policy. This categorisation is based on the level of E&S risk associated with the sectors TBC-bank invest in and the complexity of their IFC PS Triggered Transactions. As part of this deal, TBC-bank will be required to apply the EDFI Exclusion List, Georgia’s E&S laws and regulations and the IFC Performance Standards Framework for the identified Triggered Transactions.
More investments
| Date | Total FMO financing |
|---|---|
| 8/3/2022 | GEL 300.00 MLN |
| 12/2/2020 | EUR 0.02 MLN |
| 10/27/2020 | USD 40.00 MLN |
| 10/27/2020 | USD 17.50 MLN |
| 6/22/2021 | USD 25.00 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
- 10/23/2018
- End date
- 11/27/2023
- Total FMO financing
- GEL 103.00 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) - A