TBC Bank additionally, the European Investment Bank (EIB) signed a Thirty million loan agreement. Resource maturity is Few years but it will surely be employed to finance small and medium businesses.
“I am content to have such a successful partnership using the European Investment Bank. Here is the fourth transaction that’s been implemented since 2012 by our institutions. Resource will likely be for financing small and medium enterprises, which can further strengthen TBC Bank’s position during this segment in Georgia, “said TBC Bank’s CEO Vakhtang Butskhrikidze.
“With the financing of TBC Bank, the EIB promotes the goal of EU foreign policy in stabilizing and promoting private sector within the Eastern Partnership region. Because of this transaction the long-term financing of Georgian smaller than average medium-sized enterprises increases, that could contain a positive affect their growth and competitiveness, more jobs will probably be created along with the Georgian economy will grow, “said EIB Vp Vazil Hudak.