46925-014: PROMOTING FINANCIAL SECTOR GROWTH AND SERVICE DIVERSITY
Project Data Sheet (PDS): Overview
The ADB assistance is a senior loan to TBC Bank of $50 million with a tenor of five years. TBC Bank will use the proceeds to diversify its exposure to Georgia's regions outside the capital Tbilisi by (i) increasing lending to micro small and medium sized enterprises including farms; (ii) providing enhanced access to longer-term finance for the MSMEs in support of regional income and employment; and (iii) gradually fund smaller entities, thereby supporting diversification of TBC's loan book, ... Read More
|Borrower/Equity Investment Name||TBC BANK|
|Type or Modality of Assistance||
|Financing||Private sector (Nonsovereign)|
|Approval Date||14 Jan 2013|
|Closing Date||26 Feb 2015|
|Geographical Location||Georgia's rural regions outside the capital, Tbilisi.|
Banking systems and nonbank financial institutions
Finance sector development
Small and medium enterprise finance and leasing
Indigenous People: FI
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