S3. eib in georgia

1. 1
European Investment Bank Group in Georgia
Tbilisi
22-23 June 2017
European Investment Bank
European Investment Fund

2. 2
EIB’s Activities in Georgia
Support to the Private Sector
EIB at a Glance1

3. 3
The EIB: the EU bank
 Largest multilateral lender and
borrower in the world
 Shareholders: 28 EU Member States
 HQ in Luxembourg with 40 local
offices
 Around 3000 staff (finance
professionals, but also engineers,
sector economists and socio-
environmental experts)
 Around 450 projects each year in
over 160 countries
 AAA-rated by the three major rating
agencies

4. 4
Our Priorities in 2016
SMEsInfrastructureEnvironment Innovation
EUR
16.9bn
EUR
19.7bn
EUR
13.5bn
EUR
33.6bn

5. 5
Scale of Bonds Issuance – Largest Supranational
0
20
40
60
80
EIB IBRD -
World
Bank
Group
ADB IADB IFC -
World
Bank
Group
NIB AfDB EBRD
USDbn
2016 2017 (e)
Volume of issuance is
larger than all other
major supranational
banks …
… and compares with
that of certain EU
Governments
*Gross financing requirement for FY2015-16 / 2016-17
**Fiscal years from 1 July to 30 June
Source: Barclays research/ best efforts estimates as of 25 January 2017
Data collated from a mixture of official reports and bond market analysis systems such as Dealogic
0
50
100
150
200
250
300
Italy France UK* Germany Spain EIB Netherlands Belgium Austria Portugal Denmark Finland
EURbn
2016 2017 (e)

6. 6
EIB Group Activity Outside EU
Outside EU LendingEIB Group
EUR 83.8bn
Outside
EU
EUR
8.38bn
Eastern
Neighbours
EUR 1.65bn
Africa,
Caribbean,
Pacific, South
Africa
EUR 0.77bn
EFTA &
Enlargement
Countries
EUR 3.35bn
Southern
Neighbours
EUR 1.63bn
Asia and
Latin America
EUR 0.98bn
• The EIB finances projects in some 140 non-EU countries.
• EIB lending outside the EU accounts for some 10% of its global activity.
EIF in 2016:
EUR 9.45bn

7. 7
EIB in 2015:
EUR 77.5bn
EIB Signed Loans
EIB Investments per Country in Eastern Neighbourhood
EIB Investments per Sectors in Eastern Neighbourhood
Loans to
SMEs, 35%
Transport,
28%
Energy, 13%
Environment,
8%
Other, 16%
Eastern
Neighbourhood
Portfolio
2010 - 2016
EUR 7.0bn
2016
EUR
1.65bn
Ukraine, 68%
Armenia, 5%
Azerbaijan, 1%
Georgia, 18%
Moldova, 9%

8. 8
EIB at a Glance
Support to the Private Sector
EIB’s Activities in Georgia2

9. 9
EIB’s Activities in Georgia
Infrastructure
and Industry
Supporting Georgia’s
infrastructure and industrial
modernisation
EIB Intermediated Lending
Loans to
SMEs and
MidCaps
Advisory
Supporting the technical capacity
of the promoters and financing
upstream studies as well as
activities focused on private sector
development
Higher risk projects for
innovation
InnovFin
Providing risk financing to stimulate
entrepreneurship and innovation.

10. 10
EIB’s Activities in Georgia
Development of the local private
sector, in particular SMEs
Development of social and
economic infrastructure
Climate change adaptation and
mitigation
15
230
70
155
622
0
100
200
300
400
500
600
700
800
2011 2012 2013 2015 2016
EIB Lending Mandate Signed Loans Portfolio Development, EUR m

11. 11
EIB’s Activities in Georgia
SMEs
and MidCaps
23%
Water and
Wastewater
14%
Energy
6%
Social
Infrastructure
8%
Other
9%
Sectoral Distribution
Transport
39%

12. Selected Projects
12
Georgia Upgrade of Municipal Infrastructure
Amount: EUR 100 million.
Description: The loan addressing the rehabilitation and
upgrading of Georgia’s municipal infrastructure
over the whole country, including water and waste
water infrastructure, municipal roads and public
buildings, will help to improve the everyday living
conditions of Georgian citizens.
Signed: 09 December 2016
Promoter: Public Entity(ies)
Georgia Transport Connectivity
Amount: EUR 250 million.
Description: A framework loan to support the construction and
upgrading of selected priority primary and
secondary roads to ensure (i) Georgia's global
connectivity through the East-West Highway
corridor linking the country to Europe and Ukraine
through the Black Sea ports, Turkey, Armenia and
Azerbaijan and (ii) local mobility on the East-West
Highway connector roads.
Signed: 13 December 2016
Promoter: Public Entity(ies)

13. 13
EIB Support to SMEs in Georgia
35
15
60
55
100
0
20
40
60
80
100
120
140
160
2010 2011 2012 2015 2016
EIB Signed Loans to SMEs, EUR m

14. 14
EIB Support to SMEs in Georgia
Loans for SMEs and Mid-Caps disbursed from 2009 to date:
Allocations by sector Allocations by purpose
Manufacturing,
24%
Construction,
5%
Trade, 45%
Tourism and
Hospitality, 9%
Healthcare, 5%
Transportation,
5%
Other, 8%
Supporting over
800 SMEs
through
intermediated loans
These enterprises
employ about
16,385
people
Financial
intermediaries
allocated
EUR 83.5m
1,082
sub-projects
With allocation size
varying from
EUR 2,300 to 12.5m
Working Capital
Construction/Renovation
Equipment

15. EIB Funds Supporting Climate Action
15
GEEREF at a glanceGGF at a glance
 Launched by EIB and KfW in 2009
 Operates in 19 countries in Southeast Europe and the
European Neighbourhood, including Georgia, Armenia
and Azerbaijan
 Objectives
– Minimum 20% reduction in energy consumption
– Minimum 20% reduction in CO2 emissions
– Promotion of renewable energy
 Results 2016
– EUR 400m invested in 82 projects and credit lines
– 381 thousand tons of CO2 saved annually
Selected Projects in Georgia
Green for Growth Fund (GGF) and Global Energy Efficiency and Renewable Energy Fund (GEEREF )
 Launched by the EU, Germany and Norway in 2008
 Operates in 13 countries across Eastern Europe, Africa,
Asia, Latin America and the Caribbean as of December
2016
 Objectives
– Invests in private equity funds providing equity to
SME clean energy projects in developing countries
– Focuses on RE and EE projects
 Results 2016
– EUR 178m invested in 13 funds
Supporting bank’s
further growth of EE
and RE lending
activities
USD 15m
TBC Bank
M2 Real Estate
(M2RE)
Credit line for the
construction of 1,900
high-quality, energy-
efficient apartments
USD 11.5m
M2 Real Estate
Contributing to the
financing of the 20.7
MW Qartli wind farm
USD 4m
Qartli Wind Farm
Co-financing of the first
limited recourse
hydropower project in
Georgia
USD 10m
Dariali HPP
Providing EE financing
for the construction of
energy efficient housing
EUR 15m
Bank of Georgia
Equity fund that invests
in small and medium
hydropower plants in
Georgia
USD 13m
Caucasus Clean
Energy Fund

16. 16
EIB at a Glance
EIB’s Activities in Georgia
Support to the Private Sector3

17. 17
EIB Financial Products offered in Georgia
SMEs +
microfinance
MidCap
enterprises
Large
corporates
SPVs & project
finance
Direct loans
Loans to corporates intermediated by a bank
Guaranteed loans
Guarantees
Microfinance credit
lines to local banks
SME and MidCap credit lines to local banks
Portfolio guarantees provided by the EIB to a
local bank (in specific cases)
Equity investments mostly through
Private Equity funds
Public Sector

18. 18
Supporting Access to Finance
EIB and EIF - leading provider of guarantees - are now joining forces to support SMEs and
promote private sector development in Georgia.
For the first time in the region two new programmes are available :
DCFTA Initiative East
The Initiative aims to strengthen economic development in the
countries that have signed Association Agreements with the EU -
namely Georgia, Moldova and Ukraine - by providing targeted
financial and technical support to SMEs in these three countries.

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Thank you for your attention.
Maciej Czura
Loan Officer
Lending Operations in EU Neighbouring Countries, Banks
Phone: (+352) 4379-85179
email: m.czura@eib.org
European Investment Bank
98-100, boulevard Konrad Adenauer
L-2950 Luxembourg.

20. 20
Notes
 All 2016 figures are unaudited and provisional