TBC Bank Group PLC - Tbilisi, Georgia-headquartered lender - Subsidiary JSC TBC Bank signs loan agreement for $20 million equivalent with European Bank for Reconstruction & Development.
Loan will go towards investments into small and medium businesses in technology and equipment.
‘The new facility is very important for our country’s economy as it enables local MSMEs to benefit from the opportunities offered by the Deep and Comprehensive Free Trade Area between Georgia and the EU. In addition, local currency financing will further support the development of Georgian MSMEs without creating a foreign exchange risk,’ said Chief Executive Officer Vakhtang Butskhrikidze.
Current stock price: 1,894.00 pence
12-month change: up 37%
Copyright 2022 Alliance News Limited. All Rights Reserved.
