TBC Bank Group PLC - Tbilisi-based lender - Subsidiary, JSC TBC Bank, signs a subordinated loan agreement for $30 million with European Bank for Reconstruction & Development. The funding provided by the EBRD will strengthen TBC’s capital structure and support the bank’s sustainable growth, it says. The loan facility bears maturity of ten years.

Chief Executive Vakhtang Butskhrikidze says: ‘I am delighted that our strategic partnership with the EBRD continues with another excellent transaction. This subordinated loan facility will strengthen TBC’s capital structure and increase the bank’s long-term resilience.’

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