JSC Terabank
Status: Investment in contracting phaseWhy 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 prospective customer?
JSC Terabank is a universal commercial bank in Georgia focusing on small- and medium-sized enterprises (SMEs), retail, and digital channels for all banking products.
What is our funding objective?
Terabank seeks long-term funding in Georgian Lari (GEL) to support its continued growth and comply with the National Bank of Georgia's de-dollarization requirements. Local currency funding from FMO will enhance Terabank’s ability to expand its loan portfolio in micro-, small-, and medium-sized enterprises (MSMEs), reduce currency risk for its clients and support de-dollarization of Georgian economy.
Why do we want to fund this investment?
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. The loan is 100% earmarked for underserved SMEs (women, youth, agri) and green loans, with a view to expand this portfolio over time. This means that for this loan, the FMO Green and Reducing Inequalities labels are proposed.
What is the Environmental and Social categorization 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 |
|---|---|
| 7/10/2025 | EUR 20.00 MLN |
| 5/11/2023 | GEL 45.00 MLN |
| 5/10/2021 | GEL 34.00 MLN |
| 3/22/2022 | EUR 8.50 MLN |
| 10/20/2023 | USD 12.50 MLN |
- Website customer/investment
- https://terabank.ge/en/about/history
- Region
- Europe & Central Asia
- Country
- Georgia
- Sector
- Financial Institutions
- Publication date
- 2/4/2026
- Deadline for feedback
- 3/6/2026
- Total FMO financing
- GEL 30.00 MLN
- Funding
- FMO NV
-
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