Senior loan to Bank Republic, Georgia

Energy efficiency Climate
National

Beneficiary Country:

  • Georgia Georgia

Type and/or measure of energy efficiency in buildings:

  • Single dwelling
  • Apartments/multi-residential dwellings

Donation passport

Donor/IFI: EIB, KfW
Starting Year: 2016
Budget: 4.5 mil EUR
Type of Donation: Policy based loan
Status: Ongoing
EIB KfW

Lead Donor Contact

Finance in Motion GmbH
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+ 995 (0) 32 29 90-192
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Short description of the overall project

The Green for Growth Fund (GGF) announced a USD 5 million senior loan to Bank Republic to support the institution’s expansion of its green finance business.

The loan is the fund’s first to new partner Bank Republic, a subsidiary of Société Générale Group. Georgia’s third-largest bank plans to use the funding for investing in energy efficiency measures (EE) in the country, primarily by financing steps to reduce the power consumption and CO2 emissions of Georgian households. 

 

Energy savings achieved / expected
Final energy savings (kWh): 2,000,000
CO2 emission reduction achieved /expected in kt Co2eq 1

 

Learn more about GGF

Green for Growth Fund Southeast Europe (GGF)