13th Aug 2018 13:36
LONDON (Alliance News) - TBC Bank Group PLC said Monday its subsidiary JSC TBC Bank signed a loan agreement with the China Development Bank for USD50 million.
The company said the funds will cover general corporate purposes and will help the bank to expand its financing operations for Georgian clients. TBC didn't state the interest rate or other terms of the loan.
TBC shares were trading lower 3.0% at 1,600.00 pence each.
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