27th Sep 2018 10:38
LONDON (Alliance News) - TBC Bank Group PLC on Thursday said its subsidiary has signed an EUR30 million loan agreement with the European Investment Bank for five years.
The FTSE 250-listed bank said it intends to use the funds to finance small and medium size enterprises in Georgia.
"We are proud to have built such a successful relationship with European Investment Bank, TBC Bank's long standing partner," said TBC Chief Executive Vakhtang Butskhrikidze.
"This facility will help TBC Bank to further strengthen its leading position in the Georgian small and medium enterprise segment," added Butskhrikidze.
TBC shares were trading 0.1% lower on Thursday at 1,630.00 pence each.
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