TBC Bank subsidiary secures $50 million loan from Proparco

By Marisa Wong

Los Angeles, Feb. 1 – TBC Bank Group plc announced that its subsidiary, JSC TBC Bank, signed a $50 million loan agreement with Proparco.

The facility will finance investments and the working capital needs of Georgian small- and medium-sized businesses, according to a press release.

Registered in England and Wales, TBC operates in Georgia in the financial sector and also recently expanded its operations in Uzbekistan.

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