TBC Bank signs EIB Loan Agreement

TBC Bank has signed a loan agreement worth 90m Georgian Lari (£24.4m) with the European Investment Bank (EIB).

The funds are available to draw either in euros, US dollars or Georgian Lari, with the five year loan facility being used primarily to finance micro, small and medium size businesses in Georgia. TBC Bank CEO Vakhtang Butskhrikidze said, 'This is TBC's first transaction in Georgian Lari with EIB, and is a testament to the truly close working relationship we have formed since the launch of our partnership in 2012. 'Local currency funding is of great importance for the Georgian financial sector as it allows to reduce dependence upon borrowing in foreign currencies. 'Local currency funding will protect business owners and households from direct exposure to exchange rate risk while it helps to de-dollarise TBC Bank's portfolio.'

TBC Bank23

Last 7 Days Hot Topic

Business

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
01

Economy

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
02

Economy

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
03

Economy

TBC Bank signs EIB Loan Agreement

TBC Bank has signed a loan agreement worth 90m Georgian Lari (£24.4m) with the European Investment Bank (EIB).

Last 7 Days Hot Topic

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
01

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
02

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
03

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
04

Georgia Sees Surge in Electric Vehicle Registrations
05

Levan Lepsveridze Joins Jury at Cannes International Festival
06

Categories

Pages

TBC Bank signs EIB Loan Agreement

TBC Bank has signed a loan agreement worth 90m Georgian Lari (£24.4m) with the European Investment Bank (EIB).

Last 7 Days Hot Topic

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 01

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 02

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 03

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 04

Georgia Sees Surge in Electric Vehicle Registrations 05

Levan Lepsveridze Joins Jury at Cannes International Festival 06

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
01

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
02

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
03

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
04

Georgia Sees Surge in Electric Vehicle Registrations
05

Levan Lepsveridze Joins Jury at Cannes International Festival
06