27th Dec 2019 13:53
(Alliance News) - TBC Bank Group PLC on Thursday said its subsidiary JSC TBC Bank has signed three loan agreements for USD23 million with the European Bank for Reconstruction & Development.
TBC Bank shares were up 1.2% at 1,306.00 pence per share on Friday afternoon in London.
The Georgian lender says the funds will be used for investments in green technology such as thermal insulation, photovoltaic solar panels, geothermal heat pumps and water efficient irrigation systems.
Chief Executive Officer Vakhtang Butskhrikidze said: "With these loans, TBC will further contribute to the positive development of its clients in various sectors of the economy, boosting job-creation and bringing long-lasting benefits to Georgia".
By Ife Taiwo; [email protected]
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