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TBC Bank bought BONACO MFO

TBC Bank has bought assets and liabilities of BONACO MFO.

According to the Ntional Bank of Georgia (NBG), the portfolio was purchased  via the auction held on October 29.

After the signing of the relevant agreement, JSC TBC Bank will provide uninterrupted service of creditors and debtors of microfinance organization BONACO.

Recall that according to the central bank’s  decree, registration has been abolished to BONACO MFO  and moved to a liquidity mode.