TBC Bank - Syndicated Loan

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The proposed project consists of a senior syndicated loan of up to USD 17 million of an A/B structure (B-Loan to be syndicated) to TBC Bank, a leading Georgian commercial bank for on-lending to its private sector business customers. The facility will support the diversification of TBC’s funding and the expansion of its SME and corporate client base in Georgia. The project will have a significant transition impact in the following areas: The first loan borrowed on the international syndicated loans market by a Georgian company would provide positive demonstration effect by demonstrating that commercial financing of banks is achievable in Georgia. The syndicated loan provided to TBC Bank will help the bank to diversify its funding base and open a possibility for TBC Bank to attract funding directly from the commercial debt markets in the future. Supporting the development of the private companies and banking sector in Georgia by increasing medium-term financing to the productive sector of the economy through domestic banks thereby facilitating the strengthening of the domestic production. TBC Bank headquartered in Tbilisi is a leading commercial bank and the largest lender to small and medium size enterprises in Georgia through 11 branches across the country. A senior term loan of up to USD 17 million, with an A/B structure, B loan to be syndicated. USD 17 million. TBC Bank will be required to comply with EBRD’s Environmental Procedures for local banks, including ensuring compliance with the applicable national environmental, health, safety and labor standards and regulations, adherence with EBRD’s Environmental Exclusion and Referral Lists and submission of annual environmental reports to the Bank. None. Mr Zezva Tsiskarishvili, Deputy General Manager Fax: +44 20 7338 7380 Tel: +995 32 777 000 Fax: +995 32 222 04 06 E-mail: zezva@tbcbank.com.ge