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IN BRIEF: TBC signs USD20 million loan deal with EBRD to boost women

19th Sep 2023 18:03

TBC Bank Group PLC - Tbilisi, Georgia-based bank - Signs USD20 million loan agreement with European Bank for Reconstruction & Development, focused on promoting women's entrepreneurship and women's participation in the economy by alleviating gender gaps in access to finance. Francis Malige, managing director for financial institutions at EBRD says: "Building an inclusive and sustainable economy remains one of the EBRD's priorities, and women entrepreneurs are an important driver of economic growth in Georgia. With today's signing, we look forward to seeing more female leaders bringing their business ideas to life, and would like to thank TBC Bank, the EU and Sweden, for their ongoing partnership.''

Current stock price: 2,970 pence, closed 3.1% higher on Tuesday in London

12-month change: up 70%

By Tom Budszus, Alliance News reporter

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