Georgia

The International Finance Corporation (IFC) is partnering with Georgia's Kor Standard Bank (KSB) to help the bank expand financing for small and medium enterprises, supporting their growth, job creation, and contributing to the increased competitiveness of Georgia s economy.

Tbilisi-based TBC Bank, who in October 2012 concluded a USD10million agreement under the Caucasus Energy Efficiency Program (CEEP) to facilitate corporate and SME funding in the energy industry, has published its third quarter 2012 and nine month 2012 year-to-date unaudited IFRS results.

The International Finance Corporation (IFC) is set to help Tbilisi-based Bank Constanta expand financial services to SMEs, boosting economic growth and employment.

IFC is joining forces with EBRD and FMO to support Georgia's banking sector with a $161 million investment.

The International Finance Corporation has extended funding to another Georgian bank, this time Bank Republic, in its efforts to buoy up the country's economy.

Cartu Bank is expected to receive US$20 million funding from the European Bank for Reconstruction and Development

The European Bank of Reconsturction and Development has announced plans to invest in the Georgian economy this year

The EBRD is providing a US$6m credit line for Basisbank to support its lending to MSME.