28th Feb 2019 13:07
LONDON (Alliance News) - TBC Bank Group PLC on Thursday said its subsidiary JSC TBC Bank has received USD34 million from the European Investment Bank.
The FTSE 250 constitute said the five-year loan will primarily be used to finance small and medium-size enterprises in Georgia.
"We are proud to have built such a successful partnership with European Investment Bank," said TBC Chief Executive Vakhtang Butskhrikidze.
"This loan will further contribute to the positive development of the bank and our small and medium enterprise clients in various sectors of the economy, boosting job-creation and long lasting benefits for the country," added Butskhrikidze.
TBC shares were trading 1.6% higher on Thursday at 1,508.00 pence each.
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