“We are proud to have built such a successful relationship with EIB, TBC Bank’s long standing partner. This is already the fourth transaction we have accomplished since the launch of our partnership in 2012, which is a testament to the truly efficient working relationship our respective organizations have formed. This facility will help TBC Bank to further strengthen its leading position in the Georgian small and medium enterprise (SME) segment”, commented Vakhtang Butskhrikidze, Chief Executive Officer of TBC Bank.
EIB Vice-President Vazil Hudák commented: “Thanks to EIB support, Georgian SMEs will improve their access to long term finance, which is a prerequisite for their growth and competitiveness. This will help create new job opportunities and foster the general development of Georgia’s economy. Through this new loan to TBC Bank, the EIB contributes to the implementation of EU external policy objectives to stabilise and promote the private sector in the Eastern Partnership Region”.
