TBC Raised $100 Million from EBRD to Support Small and Medium Businesses

The European Bank for Reconstruction and Development (EBRD) has announced a $100 million allocation for TBC Bank.

According to the EBRD, the money will be available for the bank in both the national currency and the US dollar.

The bank will receive funding in 2 tranches, with equal volumes.

The Financial Institute will provide funding to TBC to fund small and medium-sized businesses against the backdrop of the COVID pandemic.

Vakhtang Butskhrikidze, General Director of the Bank, said at an online meeting with the media a month ago that the bank had attracted $154 million from international financial organizations during the pandemic, and $450 million is planned to be raised by the end of the year.

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TBC Raised $100 Million from EBRD to Support Small and Medium Businesses

The European Bank for Reconstruction and Development (EBRD) has announced a $100 million allocation for TBC Bank.

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TBC Raised $100 Million from EBRD to Support Small and Medium Businesses

The European Bank for Reconstruction and Development (EBRD) has announced a $100 million allocation for TBC Bank.

Last 7 Days Hot Topic

The restaurant "Drzlebi" Located in Terjola, will Reopen in May 01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 02

Hereti Global Starts Exporting Wine to the United States 03

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 04

Beer Production Hits Record High in Georgia 05

Startup Georgia Resumes Funding for Innovation-Driving Projects 06

The restaurant "Drzlebi" Located in Terjola, will Reopen in May
01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
02

Hereti Global Starts Exporting Wine to the United States
03

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
04

Beer Production Hits Record High in Georgia
05

Startup Georgia Resumes Funding for Innovation-Driving Projects
06