TBC Bank Group PLC (“TBC PLC”) announces that its subsidiary, JSC TBC Bank ("TBC Bank"), has signed a loan agreement in the amount of USD 10 million with ResponsAbility Investments AG.
Bank credit growth came in at 14.1% YoY in June 2019 being 1.4 pp higher compared to the 12.7% in the previous month.
The European Investment Fund (EIF) and ProCredit Group have announced that they would provide an additional EUR 800 million to innovative small and medium-sized companies.
Bank of Georgia Group PLC announces that JSC Bank of Georgia and the European Bank for Reconstruction and Development have signed GEL 28 million loan agreement with a maturity of 5 years.
The Asian Development Bank (ADB) raised 60 million lari (around $21 million) from two new issues of local currency bonds auctioned in Georgia.
TBC Bank founder Mamuka Khazaradze has released a special statement about plans for establishing a new public movement in September 2019.