Project detail - JSC BANK REPUBLIC

JSC BANK REPUBLIC

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Who is our client

In October 2016, Bank Republic was acquired by TBC Bank. With this acquisition TBC-bank became the largest bank in Georgia by all key metrics. The bank services over 1.8 million clients through a diversified multichannel platform that comprises 129 branches, one of the largest networks of ATMs and POS terminals in Georgia. TBC-Bank (incl Bank Republic) employs over 5,418 people across their operations.

Funding objective

FMO’s funding will be used to sustain TBC-Banks, via the Bank Republic network, growth in the Georgian SME-sector.

Why we fund this project

Long term finance is still scarce in Georgia. With our funding TBC-Bank/ Bank Republic is able to service the growing SME-sector.

Region
Europe & Central Asia
Country
Georgia
Sector
Financial Institutions
Signing date
12/21/2016
Total FMO financing
USD 30.00 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
B