TBC Bank Group PLC (LON:TBCG) announced that on February 28 its subsidiary, JSC TBC Bank, has received USD 34 million from the European Investment Bank (EIB). The five year loan facility will primarily be used to finance small and medium size enterprises in Georgia.
“We are proud to have built such a successful partnership with EIB. This loan will further contribute to the positive development of the bank and our SME clients in various sectors of the economy, boosting job-creation and long lasting benefits for the country”, commented Vakhtang Butskhrikidze, Chief Executive Officer of TBC Bank.
