JSC TBC BANK (FMO-58047)

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
B
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
Feb 21, 2020
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 TBC BANK
The holder of the loan, grant, or other investment.
Sectors
  • Communications
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.02 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 0.02
Converted using 2020-02-21 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 financing to the TBC Bank to support the winners of TBC’s Apps challenge in Georgia. The goal of the challenge is to incentivize creation of new computer software or mobile applications that are relevant for Georgian businesses.

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

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