CEB Programme Loan
The Council of Europe Development Bank (CEB) and ProCredit Bank’s co-financing programme is aimed at providing funds to small and medium-sized enterprises (SMEs), which have high countrywide job creation potential and are key contributors to the sustainable economic growth and modernisation of the productive sector.
The projects eligible for CEB financing include:
- surveys or studies (technical, economic, commercial, engineering), technical supervision of aproject and other project-related professional services; costs shall not exceed 5% of the total project cost
- acquisition of land – if it has not been donated or provided as part of a grant
- preparation/cultivation of land
- construction/renovation/modernisation or purchase of buildings
- installation/building of essential infrastructures such as sewage, water and gas lines, electricity and telecommunications networks, waste disposal and waste water treatment, roads, etc.
- maintenance of the viability and sustainability of public services
- purchase of materials, equipment and machinery, including IT equipment and software, as well as the related costs linked to the training of staff
Loans with standard repayment schedule | GEL | USD | EUR |
Loan interest rate | Fixed, indexed (refinancing rate, 6 Month TERM SOFR, EURIBOR) | ||
Nominal interest rate | From 13.5% | From 7.70% | From 7.00% |
Effective interest rate | From 15.29% | From 9.03% | From 8.30% |
Effective interest rate in case of a 3% index increase in USD and EUR / 5% index increase in GEL | From 21.24% | From 12.94% | From 13.07% |
Effective interest rate in case of 15% depreciation of the foreign currency | N/A | From 28.04% | From 28.45% |
Loan disbursement fee | From 0.20% | ||
Cash withdrawal fee | 0.20% | 0.30% | 0.30% |
Real property mortgage registration fee | GEL 158 per property | ||
Real property mortgage cancellation fee | GEL 158 per property | ||
Prepayment fee/refinancing fee on different bank loan | For fixed rate: | ||
No more than 0% of the amount paid to cover the principal balance of the loan if there are 0 to 6 months left before the expiry of the agreement. | |||
No more than 0.5% of the amount paid to cover the principal balance of the loan if there are 6 to 12 months left before the expiry of the agreement. | |||
No more than 1% of the amount paid to cover the principal balance of the loan if there are 12 to 24 months left before the expiry of the agreement. | |||
No more than 2% of the amount paid to cover the principal balance of the loan if there are more than 24 months left before the expiry of the agreement. | |||
For indexed rate: | |||
0% if less than 6 months are left before the loan expiry. | |||
0.5% if more than 6 months are left before the loan expiry. |