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As stated by the EBRD, the project consists of a senior loan of up to EUR 11mn (or USD equivalent) to TBC Leasing under the Financial Intermediary Framework.
The proceeds of the loan will be used to finance local SME lessees in accordance with the terms and conditions set out in the Policy Statement under the Framework, and in line with the objectives of the Framework.
The EBRD categorized the project environmental and social risk as 'FI'.
As stated by the EBRD, TBC Leasing is the largest, universal leasing company in Georgia and a fully-owned subsidiary of JSC TBC Bank.
Financial Intermediary - TBC Leasing:
Tornike Egnatashvili
Email: tegnatashvili@tbcleasing.ge
Phone: +995 555 976 925
ACCESS TO INFORMATION
You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html