JSC BANK REPUBLIC
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.
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.
- Europe & Central Asia
- Financial Institutions
- Signing date
- Total FMO financing
- USD 30.00 MLN
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)