JSC CREDO BANK (FMO-55168)

Countries
  • Georgia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 18, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
JSC CREDO BANK
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 9.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 26 mln
Converted using 2019-03-18 exchange rate.
Primary Source

Original disclosure @ FMO website

Updated in EWS Jul 16, 2020


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Project Description

According to the Bank's website, the project provides funding to the Credo Bank as a long-term financing in local currency which is still scarce in Georgia.  

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors
Contact Information

No contact information is available on the Bank's website.