International Finance Corporation

IFC PROJECTS

Search Documents Recent Documents Category A Documents Project Database FAQ Project Features IFC Procurement Contacts

Summary of Project Information (SPI)

	Print this page
Project number	8741
Project name	TBC Bank Credit Line
Country	Georgia
Sector	Finance & Insurance
Department	Global Financial Markets Group
Company name	TBC Bank
Environmental category	FI
Date disclosed	November 20, 1997
Status	Active
Previous Events	Invested: July 21, 1998 Signed: February 26, 1998 Approved: February 24, 1998

Summary Of Project Information (SPI)

Project Name	Georgia-TBC Bank

Region	Europe

Sector

Project No008741
Projected Board DateDecember 20, 1997
Company NameTBC Bank
Technical Partner and/or Major Shareholders

TBC-Bank was established as a joint-stock bank under the laws of Georgia in December 1992. Its majority shareholder is a diversified industrial group.

Project Cost Including proposed IFC investment

IFC would provide a five-year credit line of US$3 million to TBC Bank (the Bank) for onlending to private Georgian enterprises.

Location of project and Description of site

Tbilisi, Georgia

Description of Company and Purpose of Project

The project involves providing a credit line to TBC Bank to support the development of its medium term lending business. Proceeds of the credit line would be used for onlending to private Georgian enterprises for trade finance, working capital, and project finance. This would be the first line of credit to a majority Georgian-owned bank without a government guarantee. TBC Bank would be responsible for identifying, appraising and supervising sub-projects, and would also bear the credit risk of the sub-projects. IFC will seek to mobilize donor assistance to fund an advisor to the Bank, to provide assistance with (i) marketing and client identification; (ii) loan analysis and monitoring; (iii) portfolio grading and (iv) problem loan workout.

Environmental Category and Issues

Environmental Issues: This is a Financial Intermediary (FI) category project according to IFC’s environmental review procedure. TBC Bank will be required to ensure the borrower’s business is conducted in accordance with IBRD’s and host country’s environmental guidelines.


Date SPI sent to PIC	November 20, 1997

“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”

For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 974-4384