Georgia’s TBC Bank signs GEL 300 million loan with FMO

Chicago, Aug. 9 – TBC Bank Group plc announced that its subsidiary, JSC TBC Bank, signed a GEL 300 million loan agreement with FMO, a Dutch bank.

The five-year, local-currency facility will be used to finance young entrepreneurs and mortgage borrowers, green projects, as well as micro, small and medium size enterprises in Georgia, according to a 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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