According to bank website, TBC Bank is one of the largest privately owned banks in Georgia. TBC Bank is a universal bank and provides a wide range of products to their clients in the corporate, MSME and retail segments. The parent of TBC Bank is listed on the Premium Segment of the London Stock Exchange.
With this Georgian Lari-loan, FMO supports the natural growth of the Bank's overall loan portfolio in local currency. It also contributes to minimize the forex risk for TBC-bank’s end clients thereby directly contributing to the de-dollarization of Georgia’s economy.
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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/