BAKU, Azerbaijan, March 7. The European Bank
for Reconstruction and Development (EBRD) will provide a credit
line of up to $40 million to Credo Bank JSC to support financing
for micro, small, and medium-sized enterprises (MSMEs) in Georgia,
Trend reports,
citing the EBRD.
According to the bank, the senior unsecured credit line,
denominated in local currency, will be issued for a three-year term
and disbursed in two tranches under the Financial Intermediaries
Framework (FIF) program. The funds will be directed to lending
private SMEs, specifically Credo Bank clients operating across the
country.
The project is set to bridge the ever-present financing gap for
MSMEs by rolling out medium-term loans in local currency. The
funding is anticipated to enable Credo Bank to spread its wings in
regional territories and reel in fresh clients beyond Tbilisi.
"Project support also focuses on improving financial inclusion:
a significant portion of funds will be allocated to enterprises
owned or managed by women, as well as businesses in underserved
rural areas," the bank stated.
The EBRD emphasized that the initiative promotes competitive and
inclusive development, improving MSME access to medium-term
financing in local currency and supporting the expansion of small
business lending across Georgia, particularly in regional
areas.
Credo Bank JSC is a private commercial bank in Georgia
specializing in MSME financing with a broad regional presence. As
of the end of 2025, the bank ranked fifth in the country by assets,
holding around 3.6% of total assets, 4.3% of the total loan
portfolio, and 2.6% of deposits.
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