JSC TERABANK- Nasira Portfolio
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?
The contracting party is JSC Terabank (“Terabank”), a universal commercial bank domiciled in Tbilisi, Georgia, focusing on small- and medium-sized enterprises (SMEs), retail, and digital channels for all banking products. Terabank has been an FMO client since 2017. The bank was established in 2007 and transformed with new management and shareholders in 2013. Currently, the bank has 500 employees and 20 branches spread across various cities in Georgia. Terabank has maintained a sound financial performance throughout the past years and is well-placed to grow further in its SME and Agri focus areas.
What is our funding objective?
The funding objective is to support Terabank by implementing two complementary projects focusing on financial transfer pricing (FTP) and financial modeling. The FTP project aims to provide Terabank with tools to calculate the profitability of a given transaction, taking into account the costs of liquidity and interest rate risk management, transaction parameters, and product specifics. This contributes to attaining sound liquidity risk management. This assignment enables Terabank to calculate profitability at the transaction, client, segment, and product levels. Complementing the FTP project, the financial modeling project will equip Terabank with key tools to better manage liquidity, interest rate, and FX risks.
Why do we fund this investment?
Sound financial management is fundamental for accurately estimating the costs, profitability, and risks associated with the Nasira Portfolio. In addition, the implementation of the project helps Terabank to remain compliant and meet the Central Bank requirements.
More investments
| Date | Total FMO financing |
|---|---|
| 8/31/2023 | GEL 0.78 MLN |
| 8/31/2023 | GEL 36.27 MLN |
- Website customer/investment
- https://nasira.info/
- Region
- Europe & Central Asia
- Country
- Georgia
- Sector
- Financial Institutions
- Publication date
- 5/21/2025
- Effective date
- 1/22/2025
- Total FMO financing
- EUR 0.11 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