JSC Terabank
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
Terabank ranks number nine in the Georgian financial market, with 2.6% market share in gross loans and 3.2% share in deposits.
What is our funding objective?
FMO concluded a bilateral senior unsecured loan facility in local currency (GEL) for an equivalent of USD 12.5mln with Terabank, which is to be financed by FMO. On-lending requirement will be for 10% to Georgian Women-led SMEs.
Why do we fund this investment?
The proposed transaction is fully in line with FI ECA’s Georgia country strategy of increasing our impact in Georgia through growing our client base with selected second tier banks and larger MFIs that add to FMOs strategic goals. The loan will be in GEL, supporting local SME’s. Further 10% of the loan will be earmarked for Women in Business with a view to expand this portfolio over time.
More investments
| Date | Total FMO financing |
|---|---|
| 5/11/2023 | GEL 45.00 MLN |
| 3/22/2022 | EUR 8.50 MLN |
| 5/10/2021 | GEL 34.00 MLN |
| 3/13/2025 | EUR 20.00 MLN |
- Website customer/investment
- https://www.terabank.ge/ge/retail
- Region
- Europe & Central Asia
- Country
- Georgia
- Sector
- Financial Institutions
- Effective date
- 7/25/2017
- End date
- 10/20/2023
- Total FMO financing
- USD 12.50 MLN
- Funding
- FMO NV
-
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