DEG's Investment in Terabank, Georgia

The German Investment and Development Corporation (DEG) has provided €20 million in credit resources to Terabank in Georgia, aiming to support small and medium-sized enterprises (SMEs), women entrepreneurs, and green projects. This partnership further solidifies Terabank's commitment to sustainable development and corporate social responsibility, driving long-term economic growth in Georgia.

• DEG's investment will be used to provide financing to Georgian businesses, particularly those with a focus on green initiatives and those led by women.
• This initiative aligns with global efforts to promote gender equality in business and prioritize environmentally sound investments.
• The investment also contributes to achieving the United Nations Sustainable Development Goals, including gender equality, decent work and economic growth, and climate action.

Supporting Green Initiatives and Women-Led Businesses in Georgia

At least 50% of the credit will be allocated to two key areas:

• Projects meeting green loan criteria: This focus on green financing reflects the growing importance of sustainable practices and environmental responsibility in Georgia.
• Businesses owned or managed by women, as well as women-oriented initiatives: This initiative underscores DEG's commitment to empowering women in the Georgian business landscape.

Terabank's CEO, Thea Lortkipanidze, highlighted the importance of this partnership in furthering the bank's mission of promoting women's economic empowerment and sustainable business practices.

DEG's Commitment to Sustainable Development in Georgia

DEG, a reputable partner for the private and financial sectors for over 60 years, actively supports businesses that create jobs, improve living conditions, and promote green initiatives and sustainable development. Their investment in Terabank demonstrates their dedication to contributing to Georgia's economic progress.

Impact of DEG's Investment on Georgia's Business Landscape

This investment is anticipated to have a significant impact on Georgia's business landscape, bringing several benefits:

• Enhanced access to finance for SMEs and women entrepreneurs: This will empower businesses to expand operations, create jobs, and contribute to economic growth.
• Increased investment in green projects: This will promote environmental sustainability and contribute to Georgia's commitment to combating climate change.
• Strengthened focus on corporate social responsibility: This will encourage businesses to prioritize ethical and sustainable practices.
• Alignment with international standards: This investment aligns with global efforts to promote gender equality and sustainable development.

Terabank's Role in Driving Sustainable Development in Georgia

Terabank's partnership with DEG demonstrates its commitment to playing a key role in driving sustainable development in Georgia. Their proactive approach to supporting women entrepreneurs and promoting green initiatives will contribute to a more inclusive and environmentally responsible business environment in the country.

For further information on Terabank's credit programs, visit their website at www.terabank.ge.

Investment in Women-Led Businesses in Georgia

DEG's investment will specifically support women-led businesses, promoting gender equality in the Georgian business landscape. This aligns with DEG's broader commitment to fostering women's economic empowerment globally.

• By providing access to finance, DEG aims to help women-led businesses overcome challenges and achieve greater success.
• This initiative will contribute to creating a more equitable business environment in Georgia, where women entrepreneurs have equal opportunities to thrive.
• It also reinforces DEG's commitment to promoting gender equality and achieving the United Nations Sustainable Development Goals.

DEG's Role in Supporting Green Investments in Georgia

DEG's investment in Terabank will also encourage green investments in Georgia, promoting environmentally sustainable practices and reducing the country's carbon footprint. This aligns with global efforts to combat climate change and transition towards a greener future.

• DEG's commitment to green financing will help businesses adopt more sustainable practices and develop projects that contribute to a healthier environment.
• By supporting green initiatives, DEG aims to contribute to Georgia's progress towards achieving its climate change goals and fostering a greener future.
• This investment demonstrates DEG's commitment to promoting sustainable development and supporting a transition towards a more environmentally friendly economy.

Terabank's Partnership with DEG: A Catalyst for Sustainable Growth in Georgia

The partnership between Terabank and DEG represents a significant step towards promoting sustainable growth in Georgia. Through this collaboration, both organizations aim to empower businesses, promote environmental responsibility, and create a more inclusive and prosperous future for the country.

This investment showcases the importance of international partnerships in driving positive change and supporting sustainable development, particularly in emerging economies like Georgia.