MFP-SME TBC Lsng

pending

 IFC proposes to extend a senior unsecured loan of up to USD 40 million to Joint Stock Company TBC Leasing (TBC Leasing or the Company), a leading non-banking financial institution incorporated and operating in Georgia. TBC Leasing is a 100% subsidiary of TBC Bank, the largest bank in Georgia by assets, and holds an undisputed market leadership position with more than 80% of the Georgian leasing market.  The purpose of the loan is to expand TBC Leasing's MSME-oriented leasing portfolio with at least 30% earmarked for MSMEs operating in rural areas of Georgia, where access to traditional bank financing is most constrained. The proposed project represents IFC's first leasing sector investment in Georgia in 20 years and marks a strategic re-engagement with the country's non-banking financial sector.