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EBRD investments 1991-2008
Georgia
EBRD Total EBRD
Type of Portfolio Year of Project Value guarantee (€ finance (€
investment Project name Sub project Description Sector Class signing (€ 000) Loan (€ 000) Equity (€ 000) 000) 000)
Direct AES Telasi - Post-privatisation modernisation of Power and Private 1999 144,472 21,340 0 0 21,340
investment electricity distribution network. energy
Direct Absolute Bank - Provision of medium-term credit Bank lending Private 1997 1,388 925 463 0 1,388
investment resources to private sector
enterprises in Georgia.
Direct Bank Republic - Credit line for on-lending to local Small business Private 2006 2,134 2,134 0 0 2,134
investment micro and small businesses. finance
Direct Bank Republic - Loan to further develop and expand Small business Private 2008 14,227 7,113 0 0 7,113
investment lending activities to private sector finance
entrepreneurs, particularly outside
the capital.
Direct Bank Republic Equity - Equity investment to increase the Bank equity Private 2006 22,963 0 5,918 0 5,918
investment bank’s lending capacity and promote
growth.
Direct Bank Republic - Equity investment to support Bank equity Private 2008 983 0 983 0 983
investment projected growth of the bank.
Direct Bank Republic - Credit facility for on-lending as long- Bank lending Private 2006 5,691 5,691 0 0 5,691
investment term loans.
Direct Bank Republic Mortgage Loan II - Credit line to support mortgage Bank lending Private 2008 14,227 9,959 0 0 9,959
investment lending to individuals.
Direct Bank Republic - Medium-term funding to a range of Bank lending Private 2008 3,557 3,557 0 0 3,557
investment financial intermediaries for on-
lending to small and medium-sized
enterprises.
Georgia Page 1 of 11
EBRD investments 1991-2008
EBRD Total EBRD
Type of Portfolio Year of Project Value guarantee (€ finance (€
investment Project name Sub project Description Sector Class signing (€ 000) Loan (€ 000) Equity (€ 000) 000) 000)
Direct Bank of Georgia - Credit line to assist small and Bank lending Private 2003 2,845 948 0 0 948
investment medium-sized enterprises.
Direct Bank of Georgia - Various loans to strengthen bank's Bank lending Private 2008 18,526 18,526 0 0 18,526
investment capital base and maintain an
adequate liquidity position.
Direct Bank of Georgia - To facilitate lending to retail clients Bank lending Private 2008 17,041 17,041 0 0 17,041
investment and small and medium-sized
enterprises.
Direct Bank of Georgia - Expansion of the bank’s lending Bank equity Private 2005 837 0 837 0 837
investment business and maintenance of
regulatory capital adequacy.
Direct Bank of Georgia - Equity investment in second-largest Bank equity Private 1998 6,410 4,273 2,137 0 6,410
investment bank in Georgia.
Direct Bank of Georgia - To facilitate lending to retail clients Bank lending Private 2008 35,567 35,567 0 0 35,567
investment and small and medium-sized
enterprises.
Direct Georgian Financial Sector Framework Basis Bank Equity investment to support growth Bank equity Private 2008 2,956 0 2,956 0 2,956
investment of a private bank.
Direct Batumi Public Transport - Support for modernisation of urban Municipal and State 2008 2,500 2,500 0 0 2,500
investment transport. environmental
infrastructure
Direct Borjomi - Restructuring and revitalisation of Agribusiness Private 1997 20,054 6,830 3,415 0 10,245
investment mineral water industry in Borjomi
and glass bottle production industry
in Khashuri.
Direct Borjomi Water - Support for upgrading and Municipal and State 2008 6,568 1,500 0 0 1,500
investment enhancement of the water and environmental
wastewater networks. infrastructure
Direct IBSB Georgia - Start-up capital for commercial Bank equity Private 1996 3,653 0 523 0 523
investment bank.
Georgia Page 2 of 11
EBRD investments 1991-2008
EBRD Total EBRD
Type of Portfolio Year of Project Value guarantee (€ finance (€
investment Project name Sub project Description Sector Class signing (€ 000) Loan (€ 000) Equity (€ 000) 000) 000)
Direct Caucasus Energy Efficiency Programme Bank Republic Investment for on-lending to private Bank lending Private 2008 3,557 3,557 0 0 3,557
investment sector industrial entities to finance
projects aimed to improve their
energy use.
Direct Caucasus Energy Efficiency Programme Cartu Bank Credit line for on-lending to energy Bank lending Private 2007 3,557 3,557 0 0 3,557
investment efficiency projects.
Direct Caucasus Energy Efficiency Programme TBC Bank Credit line for on-lending to energy Bank lending Private 2007 7,113 3,557 0 0 3,557
investment efficiency projects.
Direct Direct Investment Facility Alfapet Investment in a plastics producer. Manufacturing Private 2007 82 41 41 0 82
investment
Direct Direct Investment Facility Delidor Financing the production of frozen Agribusiness Private 2005 1,194 716 477 0 1,194
investment fruits and vegetables.
Direct Direct Investment Facility Georgian Hazelnut Investment in new start-up company Agribusiness Private 2006 2,705 286 286 0 571
investment Production Ltd. to finance purchase of raw
materials.
Direct Direct Investment Facility Iberia Refreshments Establishment of Pepsi franchise, Agribusiness Private 2003 6,934 708 2,125 0 2,834
investment including repair of production
facilities.
Direct Direct Investment Facility Imedi L Investment in one of Georgia’s Non-bank Private 2006 1,154 0 1,154 0 1,154
investment largest insurance providers. financial
institutions
Direct Direct Investment Facility Lomisi Minority equity investment in Agribusiness Private 2005 2,478 0 2,478 0 2,478
investment Georgia’s second-largest brewery.
Direct Direct Investment Facility Teliani Valley Equity investment in wine producer. Agribusiness Private 2004 969 0 969 0 969
investment
Direct Direct Lending Facility BTM Tekstil Finance provided for establishment Manufacturing Private 2006 4,552 1,740 0 0 1,740
investment of garment manufacturing facility.
Georgia Page 3 of 11
EBRD investments 1991-2008
EBRD Total EBRD
Type of Portfolio Year of Project Value guarantee (€ finance (€
investment Project name Sub project Description Sector Class signing (€ 000) Loan (€ 000) Equity (€ 000) 000) 000)
Direct Direct Lending Facility Georgian Hazelnut Finance provided to a new start-up Agribusiness Private 2006 2,500 2,500 0 0 2,500
investment Production Ltd company for purchase of raw
materials.
Direct Direct Lending Facility Lomisi Finance provided to local brewery. Agribusiness Private 2006 1,423 1,423 0 0 1,423
investment
Direct Direct Lending Facility Populi Support for expansion and Agribusiness Private 2008 9,321 6,214 3,107 0 9,321
investment distribution modernisation for a food
retailer.
Direct ETC Non-bank MFI Framework II Constanta Credit line to increase financing Small business Private 2006 2,490 2,134 0 0 2,134
investment available to the smallest enterprises finance
through on-lending.
Direct ETC Non-bank MFI Framework II WV Credo Investment to increase financing for Small business Private 2008 1,067 1,067 0 0 1,067
investment micro and small enterprises in the finance
Early Transition Countries and to
assist the non-bank microfinance
institutions.
Direct Enguri hydro power plant upgrade - Improvement of world’s largest arch Power and State 1998 64,317 34,677 0 0 34,677
investment dam. energy
Direct Geo Steel - Investment for construction and Manufacturing Private 2008 19,917 9,959 0 0 9,959
investment operation of a steel mini-mill.
Direct Trans-Caucasian rail link - Improvement of main international Transport State 1998 24,484 14,216 0 0 14,216
investment transit route from Baku to the
Georgian ports.
Direct Georgian Financial Sector Framework Basis Bank Loan for on-lending to micro, small Bank lending Private 2007 4,268 4,268 0 0 4,268
investment and medium-sized enterprises.
Direct Georgian Financial Sector Framework Bank Republic Loan for on-lending to micro and Small business Private 2007 8,536 8,536 0 0 8,536
investment small enterprises. finance
Georgia Page 4 of 11
EBRD investments 1991-2008
EBRD Total EBRD
Type of Portfolio Year of Project Value guarantee (€ finance (€
investment Project name Sub project Description Sector Class signing (€ 000) Loan (€ 000) Equity (€ 000) 000) 000)
Direct Georgian Financial Sector Framework Cartu Bank Loan for on-lending to small and Bank lending Private 2007 4,979 4,979 0 0 4,979
investment medium-sized enterprises.
Direct Georgian Financial Sector Framework TBC Bank Second loan for on-lending as Bank lending Private 2007 8,536 8,536 0 0 8,536
investment mortgages.
Direct Georgian Property Debt Framework Tbilisi Central Train Loan to finance the refurbishment of Property and Private 2007 6,046 6,046 0 0 6,046
investment Station Tbilisi's central train station. tourism
Direct Georgian Property Debt Framework Green Building Conversion of an historic building in Property and Private 2007 3,943 2,366 0 0 2,366
investment Tbilisi for office uses. tourism
Direct Georgian Property Fund - Equity investment in georgian real Property and Private 2007 102,724 0 10,819 0 10,819
investment estate investment vehicle. tourism
Direct Georgian Wines - Upgrade of winery equipment and Agribusiness Private 1999 3,557 3,557 0 0 3,557
investment facilities.
Direct Georgian Wines and Spirits Ltd. - Strengthening of the company’s Agribusiness Private 2005 7,327 5,904 0 0 5,904
investment position in regional markets.
Direct SME finance facility Intellectbank Credit line to assist small and Bank lending Private 1997 1,306 1,306 0 0 1,306
investment medium-sized enterprises.
Direct JSC Channel Energy Poti Port - Construction and operation of new Transport Private 2002 24,897 8,251 0 0 8,251
investment oil terminal.
Direct Kobuleti Water - Support for rehabilitation and Municipal and State 2008 13,075 1,500 0 0 1,500
investment enhancement of the water and environmental
wastewater networks. infrastructure
Direct Ksani glass packaging factory - Privatisation of glass packaging Manufacturing Private 1999 15,483 2,301 0 0 2,301
investment factory.
Georgia Page 5 of 11
EBRD investments 1991-2008
EBRD Total EBRD
Type of Portfolio Year of Project Value guarantee (€ finance (€
investment Project name Sub project Description Sector Class signing (€ 000) Loan (€ 000) Equity (€ 000) 000) 000)
Direct Kutaisi Water - Upgrading of facilities to improve Municipal and State 2006 11,922 3,000 0 0 3,000
investment water supply. environmental
infrastructure
Direct Medium-sized Loan Co-financing Facility Bank Republic Second capital increase in Begi flour Agribusiness Private 2007 4,197 4,197 0 0 4,197
investment mill.
Direct Medium-sized Loan Co-financing Facility Bank Republic Working capital finance for Begi Agribusiness Private 2007 676 676 0 0 676
investment flour mill.
Direct Medium-sized Loan Co-financing Facility Bank Republic Investment to provide larger loans to Bank lending Private 2008 7,113 7,113 0 0 7,113
investment Georgian private companies.
Direct Medium-sized Loan Co-financing Facility Bank of Georgia Credit line. Bank lending Private 2005 3,557 3,557 0 0 3,557
investment
Direct Medium-sized Loan Co-Financing Facility BoG Iberia Sub-loan to a Pepsi franchise Agribusiness Private 2006 2,301 2,301 0 0 2,301
investment Refreshments through Bank of Georgia.
Direct Medium-sized Loan Co-financing Facility TBC Bank Second working capital loan for Agribusiness Private 2007 7,113 7,113 0 0 7,113
investment Tsiskvilkombinati flour mill.
Direct Medium-sized Loan Co-financing Facility TBC Bank Investment in home improvement Manufacturing Private 2008 2,312 2,312 0 0 2,312
investment firm Jaokeni Company.
Direct Medium-sized Loan Co-financing Facility Nola Ltd Sub-loan to a construction company Property and Private 2005 1,067 1,067 0 0 1,067
investment through TBC Bank. tourism
Direct Medium-sized Loan Co-financing Facility TBC Bank Loan to Embawood to set up a Manufacturing Private 2007 711 711 0 0 711
investment furniture manufacturing facility.
Georgia Page 6 of 11
EBRD investments 1991-2008
EBRD Total EBRD
Type of Portfolio Year of Project Value guarantee (€ finance (€
investment Project name Sub project Description Sector Class signing (€ 000) Loan (€ 000) Equity (€ 000) 000) 000)
Direct Medium-sized Loan Co-financing Facility TBC Bank Credit line. Bank lending Private 2005 3,557 3,557 0 0 3,557
investment
Direct Medium-sized Loan Co-financing Facility Lomisi Ltd Sub-loan to local brewery through Agribusiness Private 2005 4,979 2,490 0 0 2,490
investment TBC Bank.
Direct Medium-sized Loan Co-financing Facility TBC Bank Investment in Tegeta Motors. Manufacturing Private 2008 4,802 4,802 0 0 4,802
investment
Direct Medium-sized Loan Co-financing Facility TBC Bank Loan to Wissol to expand its Natural Private 2007 4,268 4,268 0 0 4,268
investment network of petrol stations. resources
Direct Medium-sized Loan Co-financing Facility TBC Bank Finance for new can filling line and Agribusiness Private 2007 4,268 4,268 0 0 4,268
investment working capital expansion at a Coca
Cola plant.
Direct Medium-sized Loan Co-financing Facility TBC Bank Refinancing of existing loan to Agribusiness Private 2007 1,778 1,778 0 0 1,778
investment Tsiskvilkombinati.
Direct Medium-sized Loan Co-financing Facility Bank of Georgia/Okami Sub-loans to small hydropower plant Power and Private 2006 230 73 0 0 73
investment for renewable energy programmes. energy
Direct Medium-sized Loan Co-financing Facility Bank of Georgia/Lopota Sub-loans to small hydropower plant Power and Private 2006 343 117 0 0 117
investment for renewable energy programmes. energy
Direct Medium-sized Loan Co-financing Facility Bank Republic Construction of a new private Property and Private 2007 1,778 1,778 0 0 1,778
investment hospital for MediClub Georgia. tourism
Direct Medium-sized Loan Co-financing Facility TBC Bank Loan to assist in the expansion of Agribusiness Private 2007 5,335 5,335 0 0 5,335
investment Goodwill hypermarket network.
Direct Regional Trade Facilitation Programme TBC Bank Support for foreign trade. Bank lending Private 1998 1,423 0 0 1,423 1,423
investment
Georgia Page 7 of 11
EBRD investments 1991-2008
EBRD Total EBRD
Type of Portfolio Year of Project Value guarantee (€ finance (€
investment Project name Sub project Description Sector Class signing (€ 000) Loan (€ 000) Equity (€ 000) 000) 000)
Direct Poti Water Supply - Upgrading of facilities to improve Municipal and State 2006 12,257 2,500 0 0 2,500
investment water supply. environmental
infrastructure
Direct Power rehabilitation - Rehabilitation of Gardabani thermal Power and State 1994 16,889 12,871 0 0 12,871
investment power station and Rioni hydro power energy
station.
Direct ProCredit Bank Georgia - Financing for micro and small Small business Private 2000 8,670 965 3,859 0 4,824
investment enterprises. finance
Direct ProCredit Bank Georgia - Financing for micro and small Small business Private 2001 10,670 4,268 0 0 4,268
investment enterprises. finance
Direct ProCredit Bank Georgia - Syndicated loan to ProCredit Small business Private 2007 10,670 5,691 0 0 5,691
investment Georgia for on-lending to micro and finance
small-sized enterprises.
Direct Regional Trade Facilitation Programme Basis Bank Support for foreign trade. Bank lending Private 2007 253 0 0 253 253
investment
Direct Regional Trade Facilitation Programme Bank of Georgia Support for foreign trade. Bank lending Private 1999 15,859 7,929 0 7,929 15,859
investment
Direct Regional Trade Facilitation Programme Cartu Bank Support for foreign trade. Bank lending Private 2006 2,611 0 0 2,611 2,611
investment
Direct Regional Trade Facilitation Programme TBC Bank Support for foreign trade. Bank lending Private 1999 26,269 13,134 0 13,134 26,269
investment
Direct SME finance facility TBC Bank Credit line to assist small and Bank lending Private 1996 1,905 1,905 0 0 1,905
investment medium-sized enterprises.
Georgia Page 8 of 11
EBRD investments 1991-2008
EBRD Total EBRD
Type of Portfolio Year of Project Value guarantee (€ finance (€
investment Project name Sub project Description Sector Class signing (€ 000) Loan (€ 000) Equity (€ 000) 000) 000)
Direct SME finance facility TBC Bank Credit line to assist small and Bank lending Private 2003 4,268 4,268 0 0 4,268
investment medium-sized enterprises.
Direct TBC Bank - Syndicated loan to TBC Bank. Bank lending Private 2005 14,938 4,979 0 0 4,979
investment
Direct TBC Bank - Credit facility for on-lending as long- Bank lending Private 2006 10,670 10,670 0 0 10,670
investment term mortgage loans.
Direct TBC Bank - Credit line enabling the bank to Bank lending Private 2005 7,113 3,557 0 0 3,557
investment increase medium-term lending to
SME sector.
Direct TBC Bank - Loan for on-lending to small and Bank lending Private 2008 10,670 5,335 0 0 5,335
investment medium-sized enterprises.
Direct TBC Leasing - Equity investment in leading leasing Non-bank Private 2006 97 0 97 0 97
investment company to support growth of its financial
operations. institutions
Direct TBC Leasing - Senior loan to one of Georgia’s first Non-bank Private 2005 2,134 2,134 0 0 2,134
investment leasing companies financial
institutions
Direct SME finance facility TbilComBank Credit line to assist small and Bank lending Private 1996 1,732 1,732 0 0 1,732
investment medium-sized enterprises.
Direct SME finance facility TbilcreditBank Credit line to assist small and Bank lending Private 1996 2,134 2,134 0 0 2,134
investment medium-sized enterprises.
Direct Tbilisi Airport refurbishment - Improvement of air-passenger Transport State 1995 9,247 7,825 0 0 7,825
investment handling operations and
modernisation of facilities.
Georgia Page 9 of 11
EBRD investments 1991-2008
EBRD Total EBRD
Type of Portfolio Year of Project Value guarantee (€ finance (€
investment Project name Sub project Description Sector Class signing (€ 000) Loan (€ 000) Equity (€ 000) 000) 000)
Direct Tbilisi International Airport - Construction of new facilities and Transport Private 2006 87,139 18,424 0 0 18,424
investment upgrade of existing equipment to
support increasing usage.
Direct Tbilisi Public Transport Project - Financing of municipal bus network, Municipal and State 2005 4,180 3,100 0 0 3,100
investment including repair facilities and environmental
developing a regulatory framework. infrastructure
Direct Tbiluniversalbank - Convertible loan to assist micro and Bank equity Private 2003 1,616 1,078 539 0 1,616
investment small enterprises.
Direct SME finance facility Tbiluniversalbank Credit line to assist small and Bank lending Private 1997 711 711 0 0 711
investment medium-sized enterprises.
Direct VTB Bank Georgia - Credit line for on-lending to small Small business Private 2006 7,113 7,113 0 0 7,113
investment and medium-sized businesses. finance
Direct United Georgian Bank - Equity investment and credit line to Bank lending Private 1997 5,491 1,830 1,830 1,830 5,491
investment assist small and medium-sized
enterprises.
Direct United Georgian Bank Capital Increase - Equity investment to improve Bank equity Private 2006 7,944 0 1,756 0 1,756
investment competitiveness and promote on-
lending to local businesses.
Regional Aureos Central Asia Fund - Equity investment to support Equity funds Private 2008 569 0 569 0 569
investment medium-sized enterprises in
Azerbaijan, Central Asia and
Georgia.
Regional Brasseries International Holdings - Reconstruction and development of Agribusiness Private 2006 4,541 2,270 2,270 0 4,541
investment breweries across the Caucasus.
Regional BSR Europe Co-Investment Facility - Equity investment in a company Property and Private 2006 20,000 0 7,000 0 7,000
investment developing office, retail, residential tourism
and industrial real estate in Bulgaria,
Croatia, Georgia, Moldova,
Montenegro, Romania, Russia,
Serbia and Ukraine.
Georgia Page 10 of 11
EBRD investments 1991-2008
EBRD Total EBRD
Type of Portfolio Year of Project Value guarantee (€ finance (€
investment Project name Sub project Description Sector Class signing (€ 000) Loan (€ 000) Equity (€ 000) 000) 000)
Regional Baku-Tbilisi-Ceyhan pipeline - Construction of oil pipeline from Natural Private 2004 1,845,568 44,459 0 0 44,459
investment Azerbaijan to Turkey. resources
Regional Baring Vostok Private Equity Fund - Direct equity investment in medium- Equity funds Private 2000 3,912 0 1,831 0 1,831
investment sized companies.
Regional Caucasus Online - Debt and equity investment for Telecoms Private 2008 21,767 21,767 0 0 21,767
investment construction of a high capacity sub-
sea cable.
Regional First NIS Regional Fund - Equity fund investing in companies Equity funds Private 1994 523 0 310 0 310
investment in the New Independent States
(NIS).
Regional Frontera Resources - Commercial development of Natural Private 2000 203,056 9,248 0 0 9,248
investment Kursangi and Karabagli oilfields in resources
Azerbaijan.
Regional Lukoil Overseas South Caucasus Gas Completion of pipeline in Azerbaijan Natural Private 2005 32,565 20,913 0 0 20,913
investment Pipeline and Georgia resources
Regional NIS restructuring facility - Restructuring and expansion of Equity funds Private 2000 1,147 0 258 0 258
investment investments in the New Independent
States (NIS).
Regional SOCAR South Caucasus Gas Financing for 690 km gas pipeline Natural State 2004 36,270 6,423 0 0 6,423
investment Pipeline from the Shah Deniz field in resources
Azerbaijan to the Turkish-Georgian
border.
Georgia Page 11 of 11
