TBC Secures $70 Million in Trade Financing from Citibank, Bolstering its Market Position

TBC Bank has successfully garnered $70 million in trade financing from Citibank, marking the second such agreement between the two financial giants in this sector.

"In leveraging the funds secured from Citibank, we intend to more aggressively finance both export and import activities for our large-scale clients. This capital infusion will further solidify TBC's standing in the trade finance arena, where we currently command a 47% market share," said Giorgi Thalimadze, TBC's Deputy General Director. "Our bank collaborates with leading international banks and financial institutions, providing cutting-edge products and services to the business community. Consequently, TBC has garnered numerous accolades on the international stage in the realm of trade finance."

Citibank, a global financial powerhouse, serves over 200 million customers and operates in more than 160 countries. It offers an extensive suite of financial services and products, ranging from consumer banking and credit services to corporate and investment banking, securities brokerage, transaction services, and wealth management.

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TBC Secures $70 Million in Trade Financing from Citibank, Bolstering its Market Position

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TBC Secures $70 Million in Trade Financing from Citibank, Bolstering its Market Position

TBC Bank has successfully garnered $70 million in trade financing from Citibank, marking the second such agreement between the two financial giants in this sector.

Last 7 Days Hot Topic

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

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 02

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 03

Tbilisi to Build New 70,000-Seater Stadium for Football and Rugby 04

Winners Announced for STEM Study Visit to Italy at Tbilisi Technopark Event 05

Mestia Airport to Get New Modern Terminal 06

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

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
02

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
03

Tbilisi to Build New 70,000-Seater Stadium for Football and Rugby
04

Winners Announced for STEM Study Visit to Italy at Tbilisi Technopark Event
05

Mestia Airport to Get New Modern Terminal
06