21st Oct 2021 17:44
TBC Bank Group PLC - Tbilisi, Georgia-based bank - Signs loan agreement worth EUR25 million with the European Bank for Reconstruction & Development.
Funding will enable TBC Bank to finance long-term investments by small Georgian businesses in upgrading products and services in line with European standards.
"I would like to express my gratitude to the EBRD and the EU for their continuous support and successful partnership. The EU4Business-EBRD credit line has great importance for our country's economy, as it enables local businesses to benefit from the opportunities offered by the Deep and Comprehensive Free Trade Area between Georgia and the EU," says Chief Executive Officer Vakhtang Butskhrikidze.
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By Dayo Laniyan; [email protected]
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