According to bank website, TBC-Bank has an external rating BB- (Fitch ) and B1 (Moody’s). FMO has a long and positive experience with TBC. The bank has performed very well over many years. TBC has grown organically and through other acquisitions (2014, they acquired Bank Constanta, 2016 Bank Republic). Today, TBC bank has a good capitalization, access to capital via their Premier listing on the London Stock Exchange. Finally, it has a sound stable funding, low NPL’s, good quality/ diversification of the loan portfolio and well managed liquidity
By financing the bank, it is able to extend scarce financing and development of the SME-sector in Georgia. OFID’s lending will be earmarked for trade finance for Georgian SME’s
No contact information provided at the time of disclosure.
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/