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RF - TBC Bank Loan

Sector: Residential • Location: Georgia

Source: European Bank for Reconstruction and Development (EBRD)

Project
Complete

This project was approved as part of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. A senior unsec

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Project Information

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The project “RF - TBC Bank Loan” is an infrastructure initiative in the Residential sector, located in Georgia. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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Participants

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Status

Original status

complete

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Email

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Description

Description

This project was approved as part of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. A senior unsecured loan in amount of up to USD 100 million to JSC TBC Bank provided in two equal tranches and available in USD or GEL. The proposed project is an integral part of the Bank's COVID-19 crisis support to Georgia. The proceeds will be used for on-lending to eligible sub-borrowers, preferably SMEs, in line with the Resilience Framework Policy Statement.

Original sub-sector

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Original Currency

USD

Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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