JSC TERABANK- Nasira PortfolioStatus: Approved investment
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Who is our customer
JSC Terabank is a universal commercial bank in Georgia focusing on SMEs, retail and digital channels for all banking products.
What is our funding objective?
We offer risk sharing facility to Terabank to support a new micro and SME loan portfolio of people from Georgia to support their income generating business activities.
Why do we fund this investment?
FMO shares directly the risk of the loan portfolio of people and their enterprises with Terabank. As a result, the risk sharing facility increases Terabank’s risk appetite and incentivizes it to finance the underserved and marginalized communities in Georgia.
What is the Environmental and Social categorization rationale?
The bank is classified as an E&S risk category B with ESMS limited exposure to high-risk sectors (<20%) and currently two IFC PS triggered transactions in the portfolio. Terabank has already developed and implemented an ESMS under guidance of DEG and partially FMO.
|Date||Total FMO financing|
|8/31/2023||GEL 36.27 MLN|
- Europe & Central Asia
- Financial Institutions
- Publication date
- Effective date
- Total FMO financing
- GEL 0.78 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)