JSC TBC BANK
Status: Approved 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. TBC Bank is a universal bank and provides a wide range of products to their clients in the corporate, MSME and retail segments. The parent of TBC Bank is listed on the Premium Segment of the London Stock Exchange.
What is our funding objective?
With this Georgian Lari-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 end clients thereby directly contributing to the de-dollarization of Georgia’s economy.
Why do we fund this investment?
FMO supports TBC Bank to access long term local currency funding. TBC Bank will use part of the funds in order to reduce inequalities in the segment of youth and to finance green projects.
What is the Environmental and Social categorization rationale?
The bank has been categorised as FI-Category A in accordance with FMO’s Sustainability Policy. The bank’s activities are deemed to have potential, significant and adverse environmental and social risks and/or impacts. The Environmental and Social (‘E&S’) risks of the bank are managed through an existing Environmental and Social Risk Management System (ESMS) operated by dedicated E&S staff in house. To further strengthen the ESMS and capacity of the bank, an E&S Action Plan has been agreed upon between TBC Bank and FMO. As part of the transaction, TBC Bank will be required to apply the EDFI Exclusion List, Georgia E&S laws and regulations and the IFC Performance Standards Framework for the identified Triggered Transactions .
More investments
| Date | Total FMO financing |
|---|---|
| 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 |
| 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
- 8/3/2022
- Total FMO financing
- GEL 300.00 MLN
- Funding
- FMO NV
-
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