Release date: 2 January 2024
Promoter – Financial Intermediary
JSC BANK OF GEORGIALocation
Description
The loan is dedicated to finance eligible small and medium sized enterprises (SMEs) and Mid-Caps in Georgia.
Objectives
The aim is to enhance access to finance in local currency for the target beneficiaries. Part of available funds will be dedicated to green investments.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 120 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Bank of Georgia will have to take all the required measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects will comply with national legislation and the ElB's Environmental and Social Standards as well as international treaties and conventions signed and ratified by the Government of Georgia or otherwise applicable and binding in the country.
Procurement
Bank of Georgia will be required to take all the required measures to ensure that any procurement procedures carried out by final beneficiaries for the sub-projects are in line with the EIB's Guide to Procurement and the applicable EU public procurement rules.
Status
Signed - 22/12/2023
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).