JSC TERABANK
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Who is our client
JSC Terabank is a universal commercial bank in Georgia focusing on SMEs, retail and digital channels for all banking products.
Funding objective
FMO provided a loan in GEL for an equivalent of USD 20mln.
Why we fund this project
The proposed transaction is in line with FMO's country-specific strategy of increasing our impact in Georgia through the existing client base which is formed of a selected number of banks and larger MFIs. The loan is in GEL and 30% is earmarked for youth with a view to expand this portfolio over time.
Environmental and social rationale
The bank is classified as an E&S risk category B. There are no IFC Performance Standards triggered transactions in the portfolio and exposure to high risk sectors is less than 20%.
More investments
| Date | Total FMO financing |
|---|---|
| 5/10/2021 | GEL 34.00 MLN |
| 7/25/2017 | USD 12.50 MLN |
- Website client
- https://www.terabank.ge/ge/retail
- Region
- Europe & Central Asia
- Country
- Georgia
- Sector
- Financial Institutions
- Signing date
- 5/10/2021
- Total FMO financing
- EUR 8.50 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