Project detail - JSC TERABANK

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 GEL loan through the issuance of a USD 10 mln GEL loan.

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 EUR 8.50 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
GEL 34.00 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