Who is our client
JSC Terabank is a universal commercial bank in Georgia focusing on SMEs, retail and digital channels for all banking products.
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%.
|Date||Total FMO financing|
|5/10/2021||EUR 8.50 MLN|
|7/25/2017||USD 12.50 MLN|
- Website client
- Europe & Central Asia
- Financial Institutions
- Signing date
- Total FMO financing
- GEL 34.00 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)