GEORGIA GREEN LENDING TRAINING CREATES MEDIA BUZZ
Our two-day green lending workshop for GCPF partner TBC Bank held in Tbilisi was met with interest and enthusiasm – by participants, but also by local media that broadcasted the event to some 175,000 people.
GCPF wants to actively support partner banks to embark on green lending. One of the challenges is the lack of specialist know-how required to assess complex renewable energy projects.
This is one area where the GCPF Technical Assistance facility comes in with supporting consultancy services, providing partners with access to specialists in the field who can help them get started or reach the next level of sophistication.
A two-day training session for GCPF partner institution TBC BANK was held in July in Tbilisi, Georgia, with the participation of IFF (providers of finance training) as facilitator. The objective was to build the bank’s assessment capacities for renewable energy projects in line with international best practices.
The workshop was the first in a series of events which, over the coming years, will allow a whole number of GCPF partner banks from to broaden their knowledge on projects related with renewable energy.
During this first training session with TBC Bank, Georgia, 12 people (mostly credit analysis and E&S risk profiles) attended the training, with select clients and media invited to assist on the second day.
As a result of this very open approach, the training was covered by almost all Georgian business news websites, highlighting the bank’s partnership with GCPF, with a total reach of approximately 175,000 people, according to TBC Bank.
This is a good example for how financial institutions can embrace green lending not only to build their portfolio in a new area of expertise, but also to position themselves as the leaders in green finance in their markets. GCPF and its Technical Assistance facility are delighted to be a part of this success story.