TBC LEASING JSC
Status: Approved investmentWhy disclosure?
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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
TBC Leasing ("TBC-L") is the leasing subsidiary of existing FMO client JSC TBC Bank (“TBC Bank”), the largest bank in Georgia. TBC-L operates from its office in Tblisi.
What is our funding objective?
The purpose of this transaction is financing SME's whereas at least 30% of the financing will used by TBC-L in developing its green-lending portfolio.
Why do we fund this investment?
Deepening partnerships with existing client TBC Bank by providing long term funding to its subsidiary TBC-Leasing, hereby supporting growth of local SMEs and the development of green finance.
What is the Environmental and Social categorization rationale?
TBC-L is categorized as E&S risk category B. TBC-L has committed to an ESAP to further improve E&S risk management.
- Region
- Europe & Central Asia
- Country
- Georgia
- Sector
- Financial Institutions
- Publication date
- 8/15/2019
- Effective date
- 12/18/2019
- Total FMO financing
- EUR 8.95 MLN
- Funding
- FMO NV
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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